By Kishori Krishnan Exclusive To Gold Investing News This is no storm in a teacup. The desert storm racking the Persian Gulf emirate of Dubai has reverberated across the globe. And the charge of the gold bull has clearly been stopped in its tracks. On Monday, Dubai stocks sank in their first day of trading [...]
By Kishori Krishnan Exclusive to Gold Investing News Feeling risky? Buy gold. It’s all about the risk factor these days, as investors square their positions following a massive rally on the stock market. Ever since stocks soared on Monday, driving the Dow Jones industrials up nearly 500 points, after the government announced details of a [...]
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 [...]
Bloomberg.com reports gold prices made the biggest jump in 26 years with the worst financial crisis since 1920s. Gold also headed for its largest weekly gain since October 1999 after the U.S. yesterday took over American International Group Inc., the country’s largest insurer, and Lehman Brothers Holdings Inc. filed for bankruptcy. The Federal Reserve today almost [...]
Business Day reports with turmoil in the US Banking industry, commodity markets diverged causing gold to gain by more than 2%. As Lehman Brothers filed for bankruptcy protection and Bank of America Corp agreed to acquire Merrill Lynch for $50bn, the dollar lost 2% against the yen, sparking talk of a US rate cut and potentially [...]
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