The Seasonal Trends of Gold Prices
Jonathan Kosares, author of a yearly report on the seasonality of gold, says investors may see a drop in June or July, with a bounce back in the fall.
Articles Tagged "recession"
Gold: Risky Play or Safe Bet?
By Melissa Pistilli-Exclusive to Gold Investing News A number of factors, real or imagined, combined to move the gold price down to touch a two-week low at $1087.70 an ounce early Thursday and then back up to nearly the $1110 level in a matter of hours. Movements in the gold market are becoming less and [...]
ETF’s have attracted only $35 bln so far this year
Exchange-traded funds have attracted $35 billion so far this year, far less than in previous years, but growth is likely to return at a rapid clip once the recession winds down. By comparison, investors have withdrawn $49 billion from mutual funds. Fran Kinniry, a principal in the investment strategy group at Vanguard, stated: If we [...]
China May Overtake India in Gold Demand
China may overtake India to become the world’s top gold consumer this year, the World Gold Council declared, as the nation became the first of the major economies to rebound from the international recession. For full story, click here
No Impact of Recession on Gold Business
Global recession has not impacted the manufacturing and sale of gold ornaments in Kerala, an industry person said today. Gold business in the state has not been affected by recession and about 500 kg of gold was being used daily for making gold ornaments, Kerala Jewellery Manufacturers Association’s chief Patron P V Jose told reporters [...]
Focus on Gold – Las Vegas Money Show
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]
S. African Gold Miners got tonnes of profits
Gold mining companies are now cashing on the world’s new found love for gold. Even as the prices surged making yellow metal the best bet in the times of recession, gold mining companies in South Africa also gained hugely. For full story, click here
Gold Price Soars, Then Slides
By Kishori Krishnan Exclusive to Gold Investing News Gold jumped to its highest in Asia in almost four weeks on Monday as fears of a global flu pandemic prompted investors to seek safer assets. By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April [...]
Gold Price Swings After G20 Meet
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 [...]
Gold Price Spurts After Policy Easing Measures
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 [...]
