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.
Continue reading "Gold Snaps Losing Streak"
Wednesday, March 3, 2010
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.
Continue reading "Currency Markets Driving Gold Prices"
Tuesday, September 23, 2008
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 [...]
Continue reading "ETFs build up hoard of gold"
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Monday, January 24, 2011