Gold News
When you think of gold you immediately think of bullion, coins or jewellery but 10% of gold of the gold produced is used for alternative uses. Gold is used in many chemical processes due to its unique chemical structure and as a conductor. In dentist work gold is seen as being very durable and important [...]
There are various factors which continue to push up the gold price and make the case for now being the opportune time to buy gold. Two major ones include high levels of sovereign debt leading to currency debasement and increasing inflation, both of which have historically led to past gold price increases. When a government [...]
The chemical symbol for gold is AU from the Roman goddess of dawn, Aurora. Gold is one of the first metals to be discovered by man around 5000 BC. This soft metal with a bright yellow lustre has been held in great esteem throughout history and is still highly valued even today, being mined in [...]
The World Gold Council recently released figures ranking 133 countries in order of the amount of gold holdings they possess. Not surprisingly the USA maintained its position at the top of the rankings with 8,133.5 tons of gold holdings. It is suggested that the US possess so much gold as a safety net which allows [...]
Gold ended the week slightly lower at the close of market on Friday at $1107.60 in comparison to the euro which rose 2.2% to 818. With the dollar showing sign of gaining in strength recently, gold prices have remained resilient. Speculation appears to be fuelling the recent flurry to buy gold as a hedge against [...]
Gold ended the week slightly lower at the close of market on Friday at $1107.60 in comparison to the euro which rose 2.2% to 818. With the dollar showing sign of gaining in strength recently, gold prices have remained resilient. Speculation appears to be fuelling the recent flurry to buy gold as a hedge against [...]
Investors traditionally buy gold as a hedge against the fluctuating U.S dollar, but with the recent economic downturn the price of gold is also being affected by the value of other currencies such as the euro and the pound. With increasing sovereign debt from countries like Spain, Greece and Portugal and the high risk element [...]
With yesterdays St Patrick’s celebrations over for another year, I wonder how many people had the luck of the Irish and found that elusive pot of gold! As Nations around the world slowly start to recover from the global economic crisis which has devastated many economies, investors are being encouraged to see gold as the [...]
In the U.S the price of gold soared yesterday to $1,128 as the U.S Federal Reserve announced there would be “no change” on interest rates. In Europe and the UK the gold price rose by 1%. The Federal Reserve hopes to keep interest rates between 0.00% and 0.25% for an “extended period of time†with [...]
Good news for South African gold companies and investors as the price of gold and platinum continued to rise yesterday. This can mainly be attributed to the Rand strengthening against the dollar. Gold and platinum exports make up a quarter of South Africa’s export earnings so they play a vital role in the country’s economy. [...]
