Gold futures fell for the first time this week as investors sold off their positions ahead of the year’s end. The metal reached a record $1,432.50 an ounce on Dec. 7 and is headed for a 10th consecutive annual gain.
By Kishori Krishnan Exclusive To Gold Investing News Bargain hunting drove gold futures into a rally on Thursday, helped by unusual events across the globe – Chinese comments about the metal and expectations that a low interest-rate environment will eventually lead to inflation. August gold rose 5.10 to $939.50 an ounce on the Comex division [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold prices inched up on Monday in Tokyo, as the dollar weakened, prompting investors to buy back gold after it lost 2 per cent late last week, when optimism about the economy reduced bullion’s safe-haven appeal. Gold stocks have had their heads lopped off, many with 70 [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold dropped in Asia on Wednesday, as a rally in the dollar continued for a third day, reducing the appeal of the precious metal as an alternative investment. “The dollar’s rebound has kept gold from gaining further,” Shuji Sugata, research manager at Mitsubishi Corp. Futures & Securities [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
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