Gold News
Data suggests that the gold price has dipped slightly recently because of a small reduction in the value of the euro, however the price has been supported by prudent investors taking advantage of the fall by buying gold. It’s the support of investors which prevented the gold price from falling even lower as the dollar [...]
Demand for gold from investors has pushed the price of gold higher for nine years running according to an industry report published on Thursday. The World Gold Council, who is a mining marketing group, reported that last year the price of gold rose for the ninth consecutive year reaching $1,087.50 an ounce by the end [...]
Recent research suggests that China overtook India in 2009 as the world’s top consumer of privately owned gold. This trend has been forecast to continue long into next year. Yesterday gold recovered from its biggest fall in three weeks as demand for the commodity as a safe haven from the weaker dollar prevailed. However, bullion [...]
India, until recently, has been the largest bullion consumer internationally (the largest is now China). According to recent reports, the Bombay Bullion Association (BBA) increased its estimate of the total imports of gold in 2009 from 300 tonnes to 350 tonnnes. Their previous forecast predicted that the nation would import 200 tonnes in that year. [...]
The markets have shown an increase in the price of gold for the fourth day in a row as we enter the New Year. The price rise is attributed to doubts about the likelihood of an economic recovery this year. Investors tend to buy gold at times of high inflation or recession as it’s seen [...]
