Gold hovered around $1,600 an ounce on Tuesday, as investors stayed on the sidelines in the final week of the year with lingering concerns about the euro zone debt crisis. Recent upbeat U.S. economic data spurred a rally in riskier assets including equities and industrial metals, and sent gold prices up about half a percent last week. [...]
I have read many articles over the years on the reasons for investing in gold. A good example can be found here, on SA. I find these types of articles very useful in shaping my opinions and challenging opinions that I have, especially when they are wrong. Over time it has helped me avoid losses on [...]
About 80 per cent of global mining companies expect the price of gold to move higher next year and a clear majority sees bullion hitting a new record of $2,000 U.S. per ounce, says consultant PwC in its latest Annual Gold Price Report. About 62 per cent of respondents said bullion positively affected their stock [...]
How much will you pay for a Gold coin? Well, in one of the most expensive private transactions of its kind, Blanchard and Company has bought the US’ first ever gold coin from Certified Acceptance Corp for a whopping $7.395 million. Yes we repeat: 7.395 million US dollars. “While precious metals have been a hot [...]
ETF holdings of gold flourished in 2011 despite occassional price declines and a sizeable cut in holdings by a major investor. SPDR Gold Trust ETF remained hot favourite among investors this year. The current market capitalization of the GLD ETF is $71.5 billion, an increase of 22 percent over the course of 2011. At the [...]
Despite having a rather stable performance last week, gold and silver are declining sharply Monday. Gold fell below a key support level at $1,680, while silver dipped below $31. There are several global factors contributing to the decline in precious metals today. A European summit deal to tighten fiscal rules in the eurozone failed to [...]
Gold bull Dennis Gartman has liquidated his gold position and admits that long gold positions have now become risky. Gartman is the publisher of the widely read daily Gartman Letter and came into international attention for correctly forecasting the 2008 commodities slump. In the newsletter, Gartman says that one should not own gold in Euros [...]
Gold’s golden run is all likely to enter the new year with a bang as the much awaited Europe agreement on debt crisis failed to evoke any reactions that could prevent the precious yellow metal. Analysts said the latest devolopment added more pressure on the euro and heightened gold’s safe haven appeal. They added that [...]
High grade gold and silver deposits were found at the Sierra Blanca project in Argentina. According to project operator, Mariana Resources, first assay results received from the initial eight holes of the Phase IV drilling campaign at the gold-silver project in the Deseado Massif of southern Argentina have proved positive. High grade gold and silver [...]
Gold prices have been caught between soft physical demand, the relative strength of the dollar, and muted risk appetite. Physical demand responded to lower prices but has failed to provide a solid floor while investment demand has strengthened with ETP holdings close to record levels and central bank net buying continues. Indeed, the macro picture [...]
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