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By Frank Holmes |
May 21, 2012
Demand for gold was relatively resilient in the first quarter of 2012, with global demand falling 5% on a year-over-year basis, says the World Gold Council.
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By Austin Kiddle |
May 18, 2012
Gold futures bucked the trend of the broader market and jumped $38 or 2.5% on Thursday, the largest percentage increase since Oct. 25, 2011. The S&P 500 fell almost 2% while Euro Stoxx 50 and crude oil both dropped 1.5%. The US Dollar Index rose for 14 consecutive days.
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By Adrian Ash |
May 17, 2012
The wholesale market gold price jumped at the start of New York trade on Thursday, cutting the week's previous 3.3% dive to 5-month lows in half as the euro fell and euro zone stock markets slumped once again.
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By Mark O'Byrne |
May 11, 2012
Gold fell after shares in Asia were hit by JPMorgan's massive $2 billion loss, political turmoil in the euro zone and also by weak economic data from China. The JP Morgan loss could lead to sharper sell offs in markets which could lead to further gold weakness.
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By Richard (Rick) Mills |
April 23, 2012
For the very first time in our history all money, all currencies, are now fiat. The US dollar used to be gold backed and it was the rock to which all of the world's currencies were anchored. Our 41-year experiment with paper money is almost over.
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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 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.
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By Adrian Ash |
January 27, 2012
The gold price just broke through its downtrend – the line joining its tops – from summer 2011's record high. Or so technical analysts studying the price charts will tell you.
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By Adrian Ash |
November 22, 2011
Growth rates may slow - and sharp volatility, especially at record-high prices, such as Indian buyers are suffering now - will plainly dent demand short-term. But a decline in Asia's underlying appetite is unlikely, the World Gold Council thinks.
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By Frank Holmes |
November 21, 2011
In an uncertain era where many asset values are declining, gold has thrived. Gold prices averaged $1,700 an ounce during the third quarter of 2011, 39% higher than the same time last year and 13% above the previous quarter, according to the WGC.
