Today, the Alternative Investment Market fell 0.86 points, or 0.1 percent, to a total of 882.04 points.
Articles Tagged "eurozone"
Today, the Alternative Investment Market fell 1.07 percent, or 9.28 points, to 861.21 points.
Gold – The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow metal rose from $35/oz to peak at $850/oz in 1980. But this time, Don Coxe, a portfolio adviser to the BMO Asset Management, believes things are different. In this interview with The Gold Report, Coxe explains why gold will rise when the economy improves.
Gold – The world's economy is in tatters and safe havens are few and far between, says legendary contrarian Marc Faber. The banking crisis in Cyprus has shown that even bank deposits are not safe. The publisher of the Doom, Boom and Gloom newsletter, surveying the world from his perch in Hong Kong, discusses the impact of unemployment in Europe, the economic slowdown in China, asset bubbles and the turnaround prospects for precious metals miners. Faber also reveals his investment strategy for these volatile times in this interview with The Gold Report.
Nickel – Shanghai Metals Market reported that after opening at US$14,876, London Metal Exchange nickel prices closed at $14,810 on the back of the Organisation for Economic Co-operation and Development's lowered economic growth expectations for China and the Eurozone.
Gold – Gold's steep declines have left many gold investors unsure what to do.
Gold has fallen to its lowest price since July 2011, largely as a result of technical factors.
Copper – Amid dismal economic data out of Europe, copper made slight gains from an eight-month low as Chile’s port strike caused a supply squeeze.
Gold – Driven past $1,600 a week ago on fears of Cyprus going over a financial cliff, gold lost value after a bailout deal was announced.
A bailout deal for the island nation — which included a surprise tax on bank deposits — distracted investors from recent strength in the US economy.