Global economic crisis is making hard on gold sales and bullion markets in the United Arab Emirates and Saudi Arabia. Rising unemployment, crash in realty prices and plunging stock markets have taken the sheen out of the gold market in all the major cities across UAE and the Saudi Kingdom. For full story, click here
Gold prices showed signs of volatility after its peak of $ 1,000 per ounce level but the gold related stocks on BSE and NSE seems to have benefited on the confidence of investors in the commodity than the stocks. For full story, click here
As stock indices around the world grovel increasingly toward finding fresh multi year lows, listed gold stocks continue to rule the world as equity champions, with a gain from lows seen four months ago of more than 100%, measured on a weighted average dollar basis. For full story, click here
Although gold has shined in recent months, however the rally has left many gold-mining stocks in the dust. Since January 2008, a well-known exchange-traded fund that tracks the price of gold bullion is up 9% — versus a 32% loss for an ETF that tracks gold miners. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News After hitting $1,000 an ounce last month, the gold price has since settled back to the $920 range, which still represents a more than 28 per cent increase from October, when it hit its most recent bottom near $700. The current price of gold, which was selling [...]
Gold mining companies’ stocks have not rise as fast as the gold prices. So there is still a lot of hope for gold mining companies’ stocks to make progress. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold for April delivery, the most actively trading contract, ended at $942.50 on the Comex division of the New York Mercantile Exchange on Friday. The metal surpassed $1,000 an ounce the previous Friday, but last it has lost $60. The contract rose 7.4 per cent this month. [...]
Gold was little changed after slumping the most in six weeks yesterday as U.S. stocks rose after Federal Reserve Chairman Ben S. Bernanke’s statement that banks need not be nationalized. For more information, click here
When gold prices soared, gold mining companies’ stocks are witnessing a rise as well. For more information, click here
Some stocks in the global Tier II gold grouping are currently trading close to 12-month highs – a factor virtually unthinkable in any other sector – as seen in the cases of Iamgold, Eldorado, Red Back, and also Franco-Nevada, a royalty, rather than operating, company. For full story, click here
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