Gold is often considered a safe investment in times of financial uncertainty. But some investors may not be so sure in these times. Recently, prices of the yellow metal have been behaving erratically, making some think, “Is gold still a safe haven?” Financial and commodities experts said gold’s strong start in 2011 would likely continue [...]
World Gold Council said gold ETFs and similar products witnessed inflows of 77.6 tonnes in the third quarter of 2011, which was 58% above year-earlier levels of 49.1 tonnes. According to its World Gold Council’s Gold Demand Trends report for Q3 2011, total gold demand in the third quarter of 2011 reached 1,053.9 tonnes; an [...]
Gold futures slipped in electronic trading Monday, tracked by falls for the wider metals complex. Gold for December delivery lost $1.50, or 0.1%, to $1,723.60 an ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours. The metal closed out Friday’s North American session with a weekly loss of 3.5%, breaking [...]
Gold traded steady on Monday after its biggest weekly loss since September, as investors remained cautious even after Spain’s centre-right opposition won a landslide victory in the election and is expected to launch drastic austerity measures. Market reaction to the news has been wary, with Asian shares dipping and the euro got off to a [...]
Gold traded steady on Monday after its biggest weekly loss since September, as investors remained cautious even after Spain’s centre-right opposition won a landslide victory in the election and is expected to launch drastic austerity measures. Market reaction to the news has been wary, with Asian shares dipping and the euro got off to a [...]
Gold traded steady on Monday after its biggest weekly loss since September, as investors remained cautious even after Spain’s centre-right opposition won a landslide victory in the election and is expected to launch drastic austerity measures. Market reaction to the news has been wary, with Asian shares dipping and the euro got off to a [...]
Because the Fed continues to pour money in to the economy, it’s difficult to say for certain when Gold will make a dramatic move. The historical record indicates that a surge in money growth has its peak effect on economic activity about 9 to 18 months later. Add another 12 months or so for the [...]
Gold futures settled fractionally higher on Friday, with the COMEX December 2011 contract rising $4.90, or 0.3%, to $1,725.10 per ounce. The yellow metal’s modest advance served as a relief from the prior two days of intense selling pressure. In spite of today’s advance, COMEX gold futures posted a weekly loss of 3.5%. On a [...]
With gold suffering its worst week since September 19-23, many investors have been left wondering if further downside lies ahead. The tepid performance of the yellow metal in recent months has led to a rising sense of “apathy” among gold investors, according to Forbes contributor Tom Aspray. This afternoon, Aspray argued that this recent lack [...]
A political economist says that China’s economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing’s financial bailouts. G-20 leaders are facing growing pressure at home over the economic woes of their countries, where protests are being held in some nations on a daily [...]
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