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By Ben Traynor |
May 7, 2012
Last Wednesday afternoon's London gold fix, dollar gold prices were $1,648 an ounce. This marked the fortieth trading day in a row that gold fixed between $1,600 and $1,700.
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By Adrian Ash |
May 1, 2012
The fix which El-Erian and central banks everywhere now hope for might not in fact work. It sure didn't reverse Japan's depression two decades ago. And either way, it hasn't yet shown up in the West, where "austerity" is now being challenged by a growing political consensus.
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By Adrian Ash |
March 2, 2012
El Gordo – the fattest prize in the world's fattest lottery – just keeps getting fatter. Or so its promoters claim. But even the fattest prize-total to date looks a real skinny-ribs stood next to El Tro, the storm of money now thundering onto Europe's banks.
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By Frank Holmes |
February 28, 2012
The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released earlier this month. Gold demand grew 0.4% in 2011 despite a 28% year-over-year increase in bullion’s average price.
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By Adrian Ash |
February 27, 2012
More money means more inflation. Meaning that injections of money are sure to raise the cost of living. They're also sure to depress the currency's exchange rate, especially if the injection goes unsterilized.
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By Adrian Ash |
February 23, 2012
Precious metals rose across the board Thursday morning, extending yesterday's sharp jump in New York trade. Today marks expiry for March options on US gold futures, with the bulk of interest between $1,750 and $1,800 per ounce.
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By Adrian Ash |
February 22, 2012
China's massive trade surplus is fast shrinking, however. The rate of foreign-currency hoarding is slowing right alongside, but its gold imports just overtook domestic mine output for the year as a whole.
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By Adrian Ash |
February 16, 2012
Gold always goes where the money is, writes Adrian Ash at BullionVault, and today's new data from the World Gold Council again indicate that gold is mapping the deep shift of relative wealth from West to East here in the 21st century.
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By Frank Holmes |
February 13, 2012
After prices fell 10% in December, many investors wondered if the bull market in gold was running out of steam. That was before Federal Reserve Chairman Ben Bernanke swooped in with a “red cape” and fired the bulls back up.
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By Adrian Ash |
February 9, 2012
The gold price slipped $10 per ounce to $1,730 in London trade Thursday morning, before regaining most of that dip as the European Central Bank kept its key lending rate on hold and the Bank of England extended its purchases of UK government bonds.
