Gold fell $2.855, to $1,427.56 an ounce, on the COMEX in New York.
Articles Tagged "physical gold"
Gold fell sharply last month, but now investors are taking an interest in physical gold.
Reuters reported that retail gold buying fell in March, marking the third month of decline in a row.
Thinking of buying gold? Here are some things you need to know.
Bloomberg reported that gold prices are expected to fall if investors purchase less physical gold.
Bloomberg reported that gold prices rose on expected higher physical demand.
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
Mineweb reported that the Diwali festival has fuelled physical gold sales in India despite rising prices.
This week mid-tier gold miner AuRico Gold Inc. announced a $1.46-billion deal to buy Northgate Minerals Corp. eliminating a prior merger offer from Primero Mining Corp.
Warren Buffett, the world famous investor and Chairman of Berkshire Hathaway noted that “Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”