Gold News
Gold is climbing in London and New York. A dollar decline could boost a record demand in investment through exchange-traded products, reports Bloomberg. For the first time in three sessions the US dollar has fallen. Gold bullion investment usually moves inversely to the dollar as investors seek and alternative to fiat currencies. Gold assets in [...]
The Financial Times reports today on a gold rush in China and describes gold as one of the country’s hottest commodities. Chinese investors are worried about inflation and the trend is to buy gold. The gold market and domestic gold prices used to be controlled by the state, however today gold bullion investment is popular [...]
Goldman Sachs estimates that gold will reach $1,690 (£1078 approximately) an ounce by 2012 and that precious metals will lead commodity returns next year. Goldman Sachs also predicted that livestock would be the worst performing commodity. Precious metals including gold bullion are predicted to rise by 28 per cent over the next 12 months, whereas [...]
Clif Droke, editor of the thrice weekly Momentum Strategies Report newsletter about U.S. equity markets, stock sectors and specialist in money supply and bank credit trends, the dollar and the U.S. economy offers his insight in the latest Gold Report into gold stock trading. There is currently a long term bull market in gold and [...]
Bloomberg reports that gold bullion gained for a second day in London thanks to a weaker dollar. The weaker dollar boosts investment demand in gold bullion as an alternative currency. There is speculation that the US Federal Reserve will invest more than the $600 billion announced, into debt purchases, which lead to the dollar falling [...]
Reuters predicts that gold will be priced between; $1,370-$1,400 (£800 – £900 approximately) per troy ounce, until the end of 2010. The price of gold bullion is up again today as the gold spot price edged higher edges up owing to a healthy physical demand. China is tightening monetary policy and positive U.S. economic data [...]
Richard Russell, writer of the Dow Theory Letters, a weekly stock market newsletter and chart analysis, knows a thing or two about trading. In his blog, Mr Russell has lambasted the Wall Street Journal for their commentary on gold bullion and the gold market, which is headed for the 10th straight annual gain. The Wall [...]
The World Gold Council (WGC) recently released a report into the use of gold in electronics. Gold bullion can be used for gold bonding wire and electroplating and there are some exciting emerging uses for future applications in advanced electronics such as nanoparticles. Flash memory devices will make use of gold bullion for gold nanoparticles [...]
Gold bullion futures bounced back as investors began snapping up gold as an alternative to fiat currencies. Gold had declined after a record high of $1432.50 per ounce (over £900) on 7th December. Silver also gained and is currently on a 30 year peak. There are concerns that the Euro debt crisis will escalate after [...]
The UK’s Royal Mint is as busy as it has ever been in its 1,000-year history. Sales of the popular gold sovereign coin have surged 400 per cent from last year, and November was “the biggest single month we’ve ever had in our entire history”, says Dave Knight, head of commemorative coins. The world’s oldest [...]
