Articles Tagged "economy"

Global Economic Woes Could Help Gold Prices Hit a New Peak in Coming Years

Gold – If the “doom and gloom” predictions of the global economy’s future do come to fruition, many analysts predict the value of gold will continue on its long-term upward trend, topping $2000 US per ounce in the next couple of years. “It is not unreasonable with all the issues – the sovereign debt, municipal debt, huge trade deficits, and the cost of carrying – that gold will hit $1600 an ounce this year and $2000 an ounce in the next one to three years,” said Wayne Atwell, Managing Director at Casimir Capital.

Gold Futures Fall for Third Day on Improved Outlook for Economy

Gold – Bloomberg reports that Gold fell for the third straight day on mounting speculation that an improving economy will cut demand for the metal as a haven.

Northland Files Assessment Program for Hannukainen Project

Gold – Northland Resources S.A. (TSE:NAU) files an Exploitation (Mining) Concession application to the Finnish Ministry of Employment and the Economy for the Hannukainen iron Oxide-Copper-Gold project.

Gold Advances for a Third Day

Gold – Bloomberg reports that Gold rose the most in a month after the dollar’s retreat boosted demand for the precious metal as an alternative investment.

Behind the new gold rush

Gold – The Hindu.com reports that Gold is losing its respect as the default and fail-safe asset class and becoming a speculative instrument.