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Indian Gold Prices Testing New Highs
For the first time ever, gold appears to be nudging the $570.77 (Rs 30,000) per ten gram mark in India, driven by consistent investment and speculative demand in the country. Gold prices have surged...
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“The Case for Higher Gold Prices Remains in Place,” Says Goldman
Gold continues to be “the currency of last resort,” according to Jeffrey Curie – Global Head of Commodities Research at Goldman Sachs – due in large part to “the rising risk of sovereign default and...
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Gold Rises in Europe But Still Seen Vulnerable
Gold prices rose above $1,580 an ounce in Europe on Monday after opinion polls ahead of Greek elections next month showed pro-bailout conservatives in the lead, lifting the euro versus the dollar on...
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China’s Growing Middle Class Continues To Dip Itself In Gold
The rise of China’s middle-class is helping support demand for gold in the country. China, the largest producer of gold, is set to become the biggest consumer of the metal in 2012, with a significant...
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Precious Metals: Comparing the 2012 Bottom to Past Bottoms
Mark Twain said that history doesn’t repeat itself but it rhymes. This is also true in the markets. No bull or bear market or particular event is ever the same. Yet, because there are similarities, the...
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Belgian Central Bank Says 25 Tons Or 10% of Gold Reserves on Loan
Gold is lower in all major currencies except the yen which is under pressure today due to ‘Abenomics’ concerns and concerns of further yen debasement. A firmer dollar and buoyant stock markets may be...
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Gold Unchanged as Equities Stall
Gold prices were little changed on Monday as the yellow metal tracked the major U.S. equity indices. Gold for August delivery at the COMEX division of the CME slipped $3 to settle at $1,386 an ounce....
View Article“Tug of War” in Gold and Silver
Gold prices hovered just below $1380 an ounce Wednesday morning in London, with silver trading around $21.80, after the metals failed to break through $1380 and $22 respectively. European stock markets...
View ArticleSilver’s 13% Jump “Confirms” Recovery in Gold
Wholesale Gold edged back from last week’s two-month closing high on Monday morning, recording its best London Gold Fix since 18th June above $1375 per ounce. World stock markets slipped, with...
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