Since the news on Sunday of Osama bin Laden’s death, many commodities, especially precious metals, has been marked by high volatility. Will the killing of bin Laden have long term effects on the US and World economies?
Bloomberg reports that Gold and silver futures rose for the second straight day on speculation that Europe’s debt crisis is spreading, boosting demand for the precious metals as a store of value.
Bloomberg reports that Gold futures rose to a record settlement of $1,416.10 an ounce on concern the U.S. will pump more cash into the economy.
Bloomberg reports that Gold futures topped $1,400 an ounce and silver climbed to a 30-year high as the dollar’s slump boosted the appeal of precious metals as alternative investments.
Bloomberg reports that Gold futures for December delivery fell $22 and Silver futures for December delivery plunged $1.821.
Reuters reports that Gold bounced up nearly half a percent on Wednesday.
The 2009 gold production statistics reported that South Africa has dropped to third place in the table of the world’s leading gold producers. The press release is quoted as saying: Once the world’s biggest producer, by quite some way, South Africa saw its gold production fall a further 5% during the course of 2009. The [...]
Seeking Alpha(Editorial) reports on gold and deflation in this current market turmoil. The question has been pouring in: “What happens to gold during a deflation? Of course, many of my readers are equally if not more interested in what happens to silver in a deflation as well. For complete editorial, click this link. Follow developments in [...]
Bloomberg.com reports gold may rise as the dollar weakens while crude oil rebounds boosting the appeal of the precious metal and silver rises. Crude-oil futures rebounded from the biggest decline in three months after Iran test-fired a long-range missile. The euro climbed from the lowest in a week against the dollar. Before today, gold gained 39 [...]
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