Gold News
The Petro America Corporation have announced today that they are hoping to acquire more gold mines to add to those acquired recently. The corporation revealed that they are in negotiations with with a further two gold mines. The Corporation have already acquired a 24% interest in a California gold mine which is set to produce [...]
The media continues to be full of reports about the continued rise in worldwide demand for gold. The major financial journals, websites etc are all commentating on investors search for stable investments in uncertain economic times. Investors are becoming increasing keen to buy gold. This summer has seen a rise in the price of gold [...]
With the price of gold at almost $1,000 an ounce and the continued recession in America some are predicting their will be a return of the California Gold Rush which took place over 160 years ago. Currently, many individuals are buying mining and panning equipment and are hoping to strike it lucky and find gold. [...]
In recent years, the addition of gold to your investment portfolio has proved to be a successful principle. Figures show that this principle was indeed true in 2008 as gold beat all other investments for the second year running. During the first months of 2009 gold hit a 7 month high reaching US$973.2 an ounce. [...]
According to recent reports the insecurity of the worlds economic position has led to changes in the gold buying habits of Middle Eastern investors. During recent hard times the form in which they buy gold has switched from buying jewellery for purely aesthetic reasons to investment in gold bar and gold bullion. An independent financial [...]
Financial experts have reported that, with the Dollar up again yesterday, gold prices till haven’t been able to break the $965 mark but are still predicting a possible rise to $990 which was the high reached in June. It remains a good time to buy gold in the form of gold bullion or gold bar. [...]
The price of gold remained more or less unchanged on the London Markets today. But the drop in the dollar is likely to encourage more investment as gold bullion and gold bar are seen as a hedge against weakening currencies. As explained in previous news items gold tends to rise when currencies weaken and the [...]
It’s been reported that HSBC Holdings announced yesterday that it has raised its forecast for the price of gold in 2009. HSBC are now forecasting an increase from $875 an ounce to $925 an ounce. This increase is due to a combination of factors including the increased popularity of gold as an investment which is [...]
The demand for gold bullion because of its investment potential has led to a sharp increase in the UK’s Royal Mint production. During April, May and June 2009 output rose to 16,910 ounces compared to 8,030 ounces for the same period in the previous year. It’s widely recognized that the increased demand for gold as [...]
