Gold exchange-traded funds (ETFs) are witnessing a sharp spurt in volumes as investors, hurt by steep losses in stock portfolios, bet on the yellow metal trading near record levels. Rajan Mehta, executive director at Benchmark Asset Management, said: Gold moves in a different direction than equities. It’s an ideal addition to the portfolio of investors, [...]
As gold touched an all time high of Rs 1,500 per 1 gram, jewellery shops are in doldrums. Over the past one month, gold prices have shot up by 20 per cent. For full story, click here
Record high gold prices have prompted Indian investors to cash in on their holdings, leading to a 25 per cent rise in the sales of used gold (scrap recovery) in the last one month. Ashok Minawala, chairman, All India Gems & Jewellery Trade Federation, said: Scrap gold sales have risen 20-25 per cent from the [...]
Higher gold and platinum prices are lending support to the rand at a time of heightened risk aversion and volatility For full story, click here
Gold climbed as much as 0.4 percent to $974.32 an ounce the highest since July 22. For full story, click here
Goldman Sachs Group Inc. raised its three-month gold forecast by 43 percent to $1,000 an ounce this month. For full story, click here
Azteca Gold, and San Anton Resource; Central Sun Mining has also shown radical price moves, possibly assisted by corporate action. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Investors are a worried lot these days. Given that inflation is expected to rise due to the large amounts of money being pumped into the global economy by central banks and governments to boost growth and confidence, the worry lines have just got deeper. The U.S. has [...]
While gold prices have been fluctuating and tending upward, analysts say we may have yet to see the peak in gold prices considering the global economic downturn. For full story, click here
Price rose US$4.70 to US$948.50, an din the aftermarket traded above 950. For full story, click here
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