For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]
Rise in gold investment demand ensured that gold sustained an average of US $872/oz in 2008 representing 25% growth over previous year. For full story, click here
Even as the current economic conditions have dripping returns from other forms of investment, Indian housewives who have been passionate enthusiasts and investors in the yellow metal are reaping the rewards. World Gold Council MD Ajay Mitra stated: The Indian housewife has turned out to be the best fund manager. Gold jewellery has been treasured, [...]
With the current economic slump and dwindling returns on investment from other options, gold continues to remain the most secure investment according to the World Gold Council. WGC, Indian subcontinent, Managing Director Ajay Mitra, stated: Gold jewellery has been treasured, sought after and popular since the beginning of Indian history and till date, bears an [...]
By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
By Kishori Krishnan Exclusive To Gold Investing News The United States is firing up the printing presses. This desperate move means the value of the dollar is destined to disintegrate. What this also means is that gold will decline on a muscular US dollar, profit-taking, technical selling and potentially deflationary economic data. The yellow metal [...]
India’s gold futures are expected to edge lower this week on a recovering dollar against the euro, dimming the yellow metal’s appeal as an alternative investment. Pradeep Unni, a senior research analyst with Richcomm Global Services, stated: With dollar strengthening aggressively over the last couple of sessions, gold might suffer a setback. For full story, [...]
By Kishori Krishnan Exclusive To Gold Investing News With friends like these, who needs enemies? Silver and gold have a new best friend amongst their midst – Ben Bernanke. His pronouncement has engineered one of the last decade’s most dramatic turnarounds, with gold price leaping nearly 60 bucks and silver joining in the melee with a [...]
By Kishori Krishnan Exclusive To Gold Investing News The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by the [...]
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 [...]
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