Gold – Gold was on track to post its biggest weekly advance in four weeks, Friday, over speculation that central banks may boost their purchases of gold.
Articles Tagged "investing in gold"
Gold – CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Gold – Gold followed the equities lower on Friday, as discord among the G20 leaders on boosting the IMF’s firepower to fight the Eurozone debt crisis led to investor apprehension.
Gold – Following the massive sell-off of gold in September, the price of the yellow metal has stabilized is headed for recovery after dropping from the record high of $1923.70 on September 6.
Gold – Once the gold reserve at a mine has been exhausted, the owner of the mine must rehabilitate the site. Rehabilitation refers to the process of returning mined land to its preexisting condition or a predetermined post-mining use.
Gold – Gold prices inched higher on Friday, heading for their second weekly advance as a stalling greenback and uncertainty in the Eurozone coaxed investors back into the safe haven investment.
Gold – This September, gold took part in a massive sell-off as investors moved to liquidate positions in the face of a deteriorating global economic picture. In the end, the metal lost 11 percent of its value.
Gold – Gold has consistently set price records this year, as investors flocked to gold as a shelter from the increasingly unstable global economic picture; however, this week gold performed differently from what we have come to expect. Instead of rallying, the safe haven investment plunged in unison with equities.
Gold – Whether or not gold prices will continue their upward trajectory is the “million dollar question” being assessed by the investment community.
Gold – After a record breaking price run in 2010, gold was one of the most watched commodities coming into 2011. Analysts were keen to make predictions as to whether the metal would continue its rally, or if prices would see a steep correction.