By Kishori Krishnan Exclusive To Gold Investing News The dollar rose as did gold. Gold rose in Europe on Thursday as the world’s largest gold-backed exchange-traded fund’s holdings set a record and Wednesday’s equity rally fizzled out, boosting the appeal of gold as a safe investment. Spot gold rose to $913.15/$914.15 an ounce from $906.65 [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold for April delivery, the most actively trading contract, ended at $942.50 on the Comex division of the New York Mercantile Exchange on Friday. The metal surpassed $1,000 an ounce the previous Friday, but last it has lost $60. The contract rose 7.4 per cent this month. [...]
By Kishori Krishnan Exclusive To Gold Investing News As investors the world over turn to a recognised store of value, gold demand has pushed through the US$100 billion barrier. Sustained investor interest in gold over the course of 2008 against a backdrop of the worst year on record for global stock markets and many other [...]
By Kishori Krishnan Exclusive To Gold Investing News Investors are a worried lot these days. Given that inflation is expected to rise due to the large amounts of money being pumped into the global economy by central banks and governments to boost growth and confidence, the worry lines have just got deeper. The U.S. has [...]
By Kishori Krishnan Exclusive To Gold Investing News The number one issue among gold advocates and proponents today is trying to ascertain the future for gold in 2009 and indeed into 2010. The price of the yellow metal has been on the upswing. After breaking the $940 mark, gold is expected to rise to as [...]
By Kishori Krishnan Exclusive To Gold Investing News The news just gets better. Gold prices are set to hit $1,500 an ounce in the next 12 to 15 months, said Gary Dugan, the Chief Investment Officer of Merrill Lynch. Dugan termed his apprehensions of gold striking such a high as a ‘fear’ that may come [...]
By Kishori Krishnan Exclusive to Gold Investing News Gold which has had a really powerful run in the last few days, slipped a little at the end of last week, as participants booked profits in thin trading conditions. The precious metal had ended 2008 trading up 5.5 per cent, its eighth consecutive yearly gain and [...]
By Kishori Krishnan Exclusive to Gold Investing News Got anything special on your calendar for December 25? Well, ink this in. By executive proclamation, Gov. Sarah Palin has declared Thursday ‘Iditarod Gold Discovery Day’ to mark the 100th anniversary of the first strike in the Iditarod gold fields. The proclamation, dated November 21, encourages “all [...]
By Kishori Krishnan Exclusive to Gold Investing News It’s very grim. Shedding its workforce at the fastest pace in 34 years, the US employment scene has become very grim. The tally of year-to-date lost jobs has now reached the 2 million figure. Not surprisingly, the number of homes in foreclosure neared 3 per cent in [...]
By Kishori Krishnan Exclusive To Gold Investing News There is only one question doing the rounds – Will US President-elect Barack Obama be able to arrest the root of terrorism? Obama’s tacit admission that “My administration will remain steadfast in support of India’s efforts to catch the perpetrators of this terrible act (the Mumbai terror [...]
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