Gold may gain for a third day in London as concerns about debt in Europe and the U.S. spur demand for the metal as an alternative investment. The Gold price bounced back amid bargain hunting on Tuesday, surging 1.31 percent or $19.60 to close at $1,515.40 an ounce as Gold benefited from Moody’s slashing [...]
The gold price opened the first full week in July to the upside, surging higher by $19.25 Tuesday morning to $1,507 per ounce. After falling 1.1% last week, gold moved higher Tuesday morning on the back of bargain hunting in the precious metals sector. Gold climbed $14.85 versus Friday’s close to trade at $1,502.65 [...]
This past week two economist gave these two comments:
“In truth, there is no “alternative” reserve currency to the US Dollar. For almost 40 years, there has been no circulating currency in the world worthy of the name because ALL are paper and ALL are backed by nothing more than the [...]
A very well known investor and Chief Executive of Rogers Holdings, Jim Rogers, was on CNBC this morning warning that the U.S. is approaching a financial crisis worse than 2008. Below is some of this starting comments from the show:
“The debts that are in this country are skyrocketing. In the last three years [...]
Spot market prices for gold bullion continued to fall Wednesday morning, dropping to $1533 per ounce – a 0.6% loss on the week – while stocks and commodities also fell and US Treasuries rose following Tuesday’s speech by Federal Reserve chairman Ben Bernanke. Silver prices also fell, falling to $36.17 per ounce – a [...]
Chinese gold demand could rise over 22 percent in the next three years and sharply outpace domestic production, the head of the country’s largest state-owned gold miner China National Gold Group said on Thursday, signalling room for a strong ramp up in imports.
Gold production should reach 400 tonnes by 2014, a gain of [...]
Gold and silver prices were lower Thursday on mixed economic data and light volume. Gold for June delivery was down $9.70 to $1,517 an ounce at the Comex division of the New York Mercantile Exchange. The metal has stayed between $1,531.10 and $1,515.10 while the spot gold price was down $8.40, according to [...]
As I look to the worlds economy is no surprise that gold and silver prices were clawing higher Wednesday on modest safe haven buying.
Bloomberg is reporting today that “most emerging-market stocks fell, with two shares dropping for every one that gained, amid concern tighter monetary policies will hit company earnings and hurt the [...]
The fear of inflation is heating up as on Wednesday the Bank of England suggested that “there is a good chance” inflation will hit 5% later in the year, far above the target rate of 2%. Elsewhere, on the same day, Chinese inflation figures surprised on the upside.
A Beneficiary [...]
Gold fell in New York, halting a three-session rally, as a stronger dollar eroded the appeal of the precious metal as an alternative asset. Silver also declined.
The dollar rose against the euro on speculation that European leaders may not grant Greece additional aid, forcing the nation to restructure its debt. Gold touched a [...]
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