The price of gold and forecasting any future target price has invariably been the subject of numerous confidential discussions among central bankers; however, if the level of interest in the price of gold is any indication of what is to happen in the future, perhaps it would be a worthwhile observation to follow the trend of the “smart money”.
Businessweek reports that Gold may advance as concern about Europe’s debt crisis and military tensions in the Korean peninsula.
By Vivien Diniz – Exclusive to Gold Investing News The price of gold futures climbed on Tuesday following an exchange of artillery fire between North and South Korea on a small South Korean island. The hostilities have moved investors to seek safety in the precious metal. Gold futures have been on the rise with investors [...]
Reuters reports that on Friday, Gold hit its lowest in more than two weeks in Europe as the dollar strengthened.
Three news stories moving gold prices this week include the World Gold Council’s recent report, rumors China would sell its euro zone debt holdings, and of all things, the stand-off in the Korean Peninsula.
Get our independent commentary on gold trends and companies delivered to your inbox.
