By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Articles Tagged "jewelers"
By Kishori Krishnan – Exclusive to Gold Investing News With the price of oil falling more than 60 per cent from a peak in July, Iran has converted its financial reserves into gold to avoid future problems. Iran, the world’s fourth-largest oil producer, is facing declining revenue from its oil exports after crude prices tumbled. [...]
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
National Jeweler Network(Editorial-Sept 24) reports big jewelers though not in competition with other independent jewelers, bankruptcy of the two retail giants: Friedman’s Jewelers and Whitehall Jewellers will make waves in the industry. Friedman’s filed for Chapter 11 bankruptcy protection in January, with Whitehall following suit in June, a somewhat surprising occurrence considering that two months earlier, the Chicago-based [...]