The gold price demonstrated a subdued sensitivity to mixed news flow affirming positive quarterly earnings reports and U.S. stock advancements coupled with some hope for resolving or delaying U.S. solvency issues.
Moneycontrol.com reports that the value of gold exchange traded funds has seen a four-fold increase.
By Kishori Krishnan Exclusive To Gold Investing News The rising gold price has gone through “disbelief, acceptance and now optimism. The next stage,” according to DundeeWealth Inc chairman Ned Goodman, “will be euphoria, leading to the mother of all bubbles.” Though the veteran fund manager was speaking to a group of analysts about the bullish [...]
By Dave Brown – Exclusive to GoldInvestingNews.com Despite a challenging day on Wall Street, hope springs eternal as investors received some positive news flow and gold analysts believe that the precious metal continues to show upside potential. An unexpected contraction in the US trade deficit in June resulted, as record imports of petroleum were overshadowed by [...]
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