By Dave Brown – Exclusive to Gold Investing News On Friday, the U.S. Labor Department released figures indicating that payroll records fell by 159,000 in September, the biggest decline in five years. The unemployment rate remained constant at 6.1 per cent, which had already appreciated from April’s levels of 5 per cent. As if they [...]
Financial Mail(Editorial) discusses on gold price overtaking platinum for the first time in 10 years. If growth in the automotive sector – platinum’s biggest customer – continues to slow, experts believe it’s possible. The metal jumped by over US$100/oz on September 17 to around $880/oz this week. Platinum, on the other hand, has taken a [...]
Reuters(UK) reports gold falls almost 3 percent in Europe on Friday after the U.S. government reported it will deal with risky bank assets. Gold’s move reflected losses among other precious metals, with platinum falling more than 3 percent to a 2-1/2 year low and palladium shedding 4 percent. Silver was the only climber. Daniel Smith, Standard Chartered Metals Analyst [...]
Bloomberg.com reports gold price fell with investors having to sell commodities to cover costs. Gold futures for December delivery fell $6.50, or 0.8 percent, to $780.50 an ounce on the Comex division of the New York Mercantile Exchange. The metal has dropped 6.9 percent this year. Precious metals with wider industrial applications than gold suffered [...]
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