By Kishori Krishnan Exclusive To Gold Investing News This is no storm in a teacup. The desert storm racking the Persian Gulf emirate of Dubai has reverberated across the globe. And the charge of the gold bull has clearly been stopped in its tracks. On Monday, Dubai stocks sank in their first day of trading [...]
By Kishori Krishnan Exclusive To Gold Investing News Toronto’s main stock index TSX closed lower on Monday after four straight positive sessions, as gold miners retreated on lower bullion prices. The price of gold slid below $945 an ounce on pressure from a firmer US dollar. Shares of Kinross Gold (K.TO) fell 1.5 per cent [...]
By Kishori Krishnan Exclusive To Gold Investing News Weakness in the U.S. dollar and rising oil prices gave gold another boost on Monday. Gold futures rose 1.2 per cent to end at their highest level in more than five weeks as a private-sector rescue of U.S. lender Cit Group raised economic optimism, pressuring the dollar [...]
By Kishori Krishnan Exclusive To Gold Investing News Bargain hunting drove gold futures into a rally on Thursday, helped by unusual events across the globe – Chinese comments about the metal and expectations that a low interest-rate environment will eventually lead to inflation. August gold rose 5.10 to $939.50 an ounce on the Comex division [...]
By Kishori Krishnan Exclusive To Gold Investing News There is some serious flirting going on. Gold futures which have been on a see-saw ride in recent months, unsure whether to make the leap over the $1,000 an ounce hurdle or stay put a while, is flirting like crazy – with the $1,000 figure, that is. [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold prices inched up on Monday in Tokyo, as the dollar weakened, prompting investors to buy back gold after it lost 2 per cent late last week, when optimism about the economy reduced bullion’s safe-haven appeal. Gold stocks have had their heads lopped off, many with 70 [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold dropped in Asia on Wednesday, as a rally in the dollar continued for a third day, reducing the appeal of the precious metal as an alternative investment. “The dollar’s rebound has kept gold from gaining further,” Shuji Sugata, research manager at Mitsubishi Corp. Futures & Securities [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests. The tests may signal whether 19 top financial firms [...]
By Kishori Krishnan Exclusive To Gold Investing News The week has begun well. Gold futures rose Monday as stock markets and crude-oil futures slumped amid investor cautiousness over the economy and first-quarter earnings at Bank of America, which heightened the metal’s appeal as a safe asset. Bargain hunters also stepped in after the benchmark gold [...]
By Kishori Krishnan Exclusive To Gold Investing News U.S gold futures slipped early Thursday as some investors unwound their safe-haven play when the dollar strengthened and equity markets firmed, following positive earnings news and improved economic prospects. Gold for June delivery GCM9 lost $6.50 to $879.40 an ounce on the COMEX division of the New [...]
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