Gold fell more than $33 per ounce on the day as investors look for liquidity to raise capital in light of the Japanese disaster. The increasing fears of a full nuclear meltdown and the crash of the Japanese markets which lost 14 percent on the day, have attributed to investors seeking safe heaven currencies.
By Kishori Krishnan Exclusive To Gold Investing News Ho…Ho…Ho…and you thought gold was hot, and that your passion for the king of metals would give you enough reason to cheer, by the end of the year? You thought wrong. If the Dubai crisis has not helped shape your mind about the economic train wreck headed [...]
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 [...]
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 [...]
As worries over global slump deepens with many countries slipping into recession, investors have started shifting their fund to gold, better known as a safe heaven. For full story, click here
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