Gold Investing News reports gold seen as a safe haven commodity and currency.
The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total collapse [...]
The Chicago Resource Expo will be held on April 24th and 25th in Rolling Meadows, Illinois. It is the oldest conference of its type in North America, and provides a unique, intimate venue of exhibitors, attendees, as well as keynote speakers.
This semi annual event, started by Richard Radez back in 1977, offers investors the opportunity [...]
Gold Investing News reports gold is looking brighter despite the global economic crisis and bail-out.
On the stock markets, gold climbed overnight and ended $12 higher. Gold was as much as 2 per cent higher on Thursday after the European Central Bank left interest rates on hold and the Bank of England cut its key rate, [...]
Gold Investing News reports spot gold slipped a further 1% today.
The dollar climbed overnight as investors took heart from U.S. Congress’ headway on a $825 billion stimulus package. U.S. President Barack Obama’s plan cleared its first Congressional hurdle, passing through the House of Representatives, as the Federal Reserve eyed more extreme measures to ease credit [...]
Gold investing News reports gold prices remain strong for the New Year 2009.
“The more problems we see in the banking sector and the financial sector in general, the more attractive gold as a hedge against such risk will be,” said Commerzbank analyst Eugen Weinberg. “Risk aversion is high. People are looking at gold right now [...]
Gold Investing News reports gold futures were lower with falling oil prices and firm US dollar and the need for President-Elect, Obama’s support in the recent India’s terror attacks.
The ‘right’ trade on the India attacks would be two-fold: long gold, short oil. Oil could suffer because the attacks could impair growth in India. As the Indian [...]
Gold Investing News reports gold rallied slightly higher than $800 an ounce in New York.
“Gold is really starting to re-emerge as the safe-haven asset,” said David Meger, a metals analyst at Alaron Trading, in a Reuters report. U.S. gold futures for December delivery (GCZ8) settled up $43.10, or 5.8 per cent, at $791.80 an ounce on [...]
Gold Investing News reports gold price have dipped to its lowest since September 2007.
An adviser to President Mahmoud Ahmadinejad was quoted by Reuters as saying, “With the plans of the presidency…the country’s money reserves were changed into gold, so that we wouldn’t be faced with many problems in the future.”
Before oil prices plunged 60 per [...]
Potash Investing News reports potash markets have gained with investor confidence in the recent weeks.
Potash shares peaked in June as concerns about shrinking world grain stocks boosted demand for fertilizer, and prices for nutrients soared because of supply shortages.
The shares upswing was dented when investors lost confidence in global fertilizer demand. Due to the current [...]
Platinum Investing News reports platinum prices moved higher after oil prices surged on Tuesday.
Platinum was trading at US$1035.00 ounce, up US$56.50 from New York’s close. Overall, weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade, with oil and industrial metals all trading higher [...]
Wednesday, March 18, 2009
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