Gold Snaps Losing Streak
Spot gold prices regained lost ground Monday, snapping the metal’s recent losing streak. Gold has fallen 5.7 percent this month, the worst start to a year since January 1997 when the metal dropped 6.3 percent.
Articles Tagged "spot gold prices"
Currency Markets Driving Gold Prices
Further affecting precious metals prices of late is the fear paper currencies around the globe may be in peril, making gold as a hard asset much more attractive.
ETFs build up hoard of gold
FT.com reports investors in gold-backed exchange-traded funds (ETFs) have accumulated a record 1,039.68 tonnes of bullion which makes them the largest holders of gold. Spot gold prices yesterday hit a peak of $908.8 an ounce, the highest level in seven weeks. Bullion eased later to $889.80, down from Monday’s last quote in New York of $900.20. Gold [...]
