While inflation fears and aggressive speculation continue to dominate the market we can expect to see further fluctuations in precious metals prices. Gold is expected to continue to rise in the future, bringing silver along for the ride.
The drag on silver can be attributed in part to normal seasonality and downward pressure on industrial metals. [...]
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 [...]
Gold Investing News reports gold prices fell slightly while the dollar strengthened.
According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices.
Earlier on [...]
Potash Investing News reports BHP’s recent acquisition rumours seem to rock the potash industry.
Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion through the sale of bonds. The company failed to confirm the reason for the fundraising, and this sent many reporters [...]
Gold Investing News reports gold markets did not seem to improve despite the Democrats, President-elect Obama won the recent elections.
Obama has proposed a $175 billion package. Analysts predict that gold may test $800-$805 after recent volatility, given the prospect of an improved economy. All of this may boost gold prices in the long-term, as demand [...]
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, November 4, 2009
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