Gold Investing News reports gold prices fell slightly with the huge US stimulus package. Gold fell for a third straight day after US policy makers reassured investors that the economy would recover from the recession. “People have been buying gold on economic Armageddon, so to see Obama and Bernanke paint a rosier picture, I’m not [...]
Articles Tagged "haven"
Gold Investing News reports the advantages of holding gold. According to World Gold Council’s ‘Gold Demand Trends’, identifiable gold demand in tonnage terms rose 4 per cent on previous year levels to 3,569 tonnes. As shares on stock markets around the world lost an estimated $14 trillion in value, identifiable investment demand for gold, which [...]
Gold Investing News reports spot gold rose to $902.50 since Oct 2008. The price of gold rose to a three-month high, climbing past $900 an ounce in both New York and London for the first time since October, as global equity markets tumbled, boosting demand for a safe harbor. It rose to an all-time high [...]