Several factors are influencing the gold market and stirring debate between the bear and bull camps including the euro-gold trade, China’s stance toward gold reserves, Central Bank buying (and now selling!), and physical demand.
With investment options such as real estate and construction turning bleak owing to economic slowdown, investment in gold has proved to be a safe haven for the investors. This has resulted in surge in gold prices which is now holding back consumers, claim the gold dealers. For full story, click here
The government on Thursday declared nearly 7,000 jewellers have been granted hallmark licences after the quality standards, or hallmarking, for gold were launched in 2001. For full story, click here
India gold futures may trade lower this week on waning safe-haven demand on expectations of surging equity markets. Pradeep Unni, senior research analyst with Richcomm Global Services, stated: We expect gold to trade in a range with negative bias. For full story, click here
One of the favoured safe havens is gold, which has been much in demand in recent times. But the thing is how does one gains exposure to the precious metal? For full story, click here
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 [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold for April delivery, the most actively trading contract, ended at $942.50 on the Comex division of the New York Mercantile Exchange on Friday. The metal surpassed $1,000 an ounce the previous Friday, but last it has lost $60. The contract rose 7.4 per cent this month. [...]
Participants buy the metal as a safe haven and hedge against inflation. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Bullion’s strength is being tested – this time round it is not just against the U.S. dollar, but also currencies across the board. As volatile currency markets and solid investment demand spur bullion buying, spot gold price ounce rose as high as $902.50, the loftiest price ever [...]
Gold reinforced its status as a safe-haven investment, rallying to $900 an ounce on buying linked to investor concern over the faltering world economy. For full story, click here
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