By Kishori Krishnan Exclusive To Gold Investing News The news just gets better. Gold prices are set to hit $1,500 an ounce in the next 12 to 15 months, said Gary Dugan, the Chief Investment Officer of Merrill Lynch. Dugan termed his apprehensions of gold striking such a high as a ‘fear’ that may come [...]
Gold rose to $918.50 an ounce in the morning fxing in London, used by some mining companies to sell production, from $892.25 at yesterday’s afternoon fixing. For full story, click here
South Africa’s Harmony Gold is bullish on gold mining and has raised production to benefit from the higher rand prices for gold. For full story, click here
Global recession has impacted even weddings if the lack of demand for jewellery is any indication. For full story, click here
Gold slipped after rising to a 5-week high above $800, but turmoil in the financial markets could spur another round of safe-haven buying as world leaders sought to prevent a severe global economic downturn. For full story, click here
India gold futures are likely to open higher on firm overseas markets and a weak rupee, analysts said. For full story, click here
Gold futures finished the October month’s trading with their worst monthly record since early 1983, as a rising U.S. dollar and fund liquidations pounded the yellow metal. For full story, click here
Gold rose around 3 percent to a one-week high as a weaker dollar and rising oil prices boosted sentiment. Eugen Weinberg, analyst at Commerzbank, said: It’s surprising that the increase in gold wasn’t as pronounced as expected.. I expected gold to climb above $800 on the dollar’s weakness. The sentiment for gold is improving day by day, [...]
Gold futures was up 4 percent, heading for the biggest one-day gain in more than 5 weeks, as rallies in global equity markets and expectations of a possible interest-rate cut in the U.S. pushed prices for commodities higher. James Moore, analyst with TheBullionDesk.com, said: Recent movements in both the equity and currency markets suggest some risk [...]
Gold prices dropped below $700 an ounce for the 1st time in over a year as rising dollar and stock markets meltdown forced investors to sell the yellow metal in order to pay losses. For full story, click here
Get our independent commentary on gold trends and companies delivered to your inbox.
