Gold Investing News reports gold prices doing well with the weaker dollar.
Its a gold rush the likes of which the country has not seen in a long time. Dozens of mining companies have recently staked thousands of fresh claims in an area that once teemed with old-time panners and prospectors moiling for gold after digging [...]
Copper Investing News reports copper prices drove to a month high with positive outlook in the economy.
Additional impetus to copper’s rally came by way of dollar weakness, and data that U.S. consumer prices climbed at a slightly faster-than-expected pace in June, boosting the metal’s appeal as an inflation hedge.
Copper ignored an increase in London Metal [...]
Gold Investing News reports gold has been gaining up to 5.5% in 2008.
Gold had soared to an intraday high of $892 an ounce on Globex last week, which was the precious metal’s highest level since October 9. Gold futures too had surged to their highest level since early October, on safe-haven buying as Israeli air [...]
Silver Investing News reports silver prices peaked as high as $10.60 per oz in New York on Monday.
Mark O’Byrne, Executive Director at Gold & Silver investments lists weakness in the dollar, oil gains and safe-haven buying as contributing factors to gold’s significant gains in early morning trading, and these factors can be attributed to silver’s [...]
Copper Investing News reports copper prices jumped 13% on the London Metal Exchange.
On Thursday, copper lost some footing, retreating almost 5 per cent in early trading as rising London Metal Exchange stocks halted this week’s short-covering rally. London Metal Exchange copper warehouse stocks increased by 1,750 tonnes to 217,300 tonnes on Wednesday. COMEX copper stocks [...]
Sunday, August 16, 2009
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