By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
Continue reading "Gold Price Toes The Currency Line"
Sunday, April 19, 2009
India’s gold trade is desperately hoping a 12.5 percent dip in prices from an alltime high will ring in sales at a gold-buying festival later in April, a small window of opportunity before another dull spell. Ariez Tata, director with Cogent Jewellery, stated: We are getting orders and also hopeful of getting more. For full [...]
Continue reading "India Gold Trade hoping for festival to prove a bright spot"
Friday, March 13, 2009
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Continue reading "Mining costs see a bright future"
Friday, January 2, 2009
Spot gold is testing medium-term support at $750 an ounce. Failure would indicate another test of $700. For full story, click here
Continue reading "Spot gold tests medium-term support at $750"
Thursday, December 18, 2008
The yellow metal snapped its 8-day long rally as the dollar bounced back against the euro, eroding metal’s power as an alternative mode of investment. for full story, click here
Continue reading "Gold snapped its 8-day long rally"
Thursday, December 18, 2008
In London, spot gold fell to 848.75/850.75 an ounce, as against $866.90 in New York late on Wednesday, when prices rose to a two-month peak of $881.20. for full story, click here
Continue reading "Spot gold fell to 848.75/850.75 an ounce"
Monday, December 1, 2008
Spot gold was quoted at $810.00/812.50 an ounce at 1310 GMT, down from $814.60 an ounce late on the previous session, as the firmer dollar dented interest in the metal as a currency hedge. For full story, click here
Continue reading "Spot gold quoted at $810.00/812.50"
Thursday, November 13, 2008
In London, spot gold declined to $717.00/719.00 an ounce and that compared with $731.70 in New York the previous day. For full story, click here
Continue reading "Spot gold fell to $717.00/719.00 in London"
Thursday, November 6, 2008
Spot gold declined more than $20 per ounce in early afternoon trading in New York, low nearly 2.7%. For full story, click here
Continue reading "Spot gold declines more than 2.5%"
Wednesday, November 5, 2008
Spot prices for the yellow metal slipped back from an early Asian high of $769 per ounce in London. Market note from Scotia Mocatta, said: Choppy price action appears to be of a consolidating nature.s the latest. We believe the downside risk in gold remains intact while we hold below $777. A move above this [...]
Continue reading "Obama effect: Gold Price were Choppy"
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Friday, May 15, 2009