The factors limiting gold have a lot to do with fear of another financial crisis bringing us back into the doldrums of 2008. And isn’t gold supposed to be a safe haven investors turn to in unstable times like these?
A number of factors, real or imagined, combined to move the gold price down to touch [...]
Silver Investing News reports on silver prices with the current global economic markets.
Gold and silver have long been recognized as tangible assets that offer a safe way to store value in inflationary environments like the one we’re bound to enter as the paper money supply increases and the dollar loses its value.
This is where China [...]
Gold Investing News reports gold price is preparing to go up.
History does repeat itself. Going by the historic pattern of the gold market in the ‘70s, gold is set to experience an upward resistance for 19 months after its recent peak. Gold’s recent peak was $1,014 in March ‘08, roughly 17 months ago.
History tells us this [...]
Gold Investing News reports gold steadied above $950.00 per ounce.
Gold steadied above US$ 950 per ounce on Thursday as the US dollar stayed near a seven-week low against a basket of currencies marked the previous day, maintaining bullion’s allure as an alternative asset. Earlier this month, economic worries encouraged investors to buy the US dollar [...]
Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future.
Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as a [...]
Gold Investing News reports gold rallied between $915-$940 in the mid-week.
“As long as we stay between $915-940, gold is more or less stuck in a range trade,” said Michael Blumenroth, a trader at Deutsche Bank. “It would have to trade below $915 to see more of a down-move. There is a seasonal lack of demand [...]
Gold Investing News reports gold prices are holding strong in the current markets.
Year to date, gold is up about 3 per cent, while other economically sensitive commodities have rallied, with copper futures up more than 50 per cent. Crude oil had reached a 2009 high of over $58 a barrel on Friday, recovered from levels [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers.
The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously.
In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 million deal [...]
Platinum Investing News reports platinum price falls with the uncertainty with the automaker markets.
In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal. Interest in platinum as a safe haven investment in tandem with gold is [...]
Gold Investing News reports gold price rallies with news of global pandemic flu spreads.
By Tuesday however, gold slipped below $900 for the first time since Thursday. It jumped to its highest since early April at $918.25 on Monday. Fears of a global swine flu pandemic grew with new infections in the United States and Canada on [...]
Monday, March 1, 2010
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