-
By Pratik Parija, Bloomberg |
April 23, 2013
A rush by Indian consumers to buy gold jewelry and coins after the biggest plunge in prices in three decades is prompting jewelers to offer premiums on imports as traders and banks run out of stockpiles, a trade group said.
-
By Godfrey Marawanyika and Franz Wild, Bloomberg |
April 22, 2013
The government in Zimbabwe, which has the world’s second-biggest platinum deposits, is preparing a law allowing it to seize controlling stakes in companies without compensation, according to a draft of the legislation.
-
By Mark O'Byrne |
September 20, 2012
Gold edged down today due to dollar strength and profit taking as speculators and some investors booked profits on 16% price gains from this year’s low. Gold continues to see smart money diversification.
-
By Mark O'Byrne |
June 27, 2012
Gold will likely be supported again at these levels due to the near certainty that European leaders will fail to come up with concrete measures to solve the region's debt crisis at this week's summit.
-
By Mark O'Byrne |
May 30, 2012
Gold is weaker again today despite heightened risk aversion on fears that the euro crisis is escalating. Concerns about Italy have resurfaced after their 10-year bond yield rose above the important 6% level this morning.
-
By Mark O'Byrne |
May 4, 2012
Gold is down 1.6% on the week. The gold market has seen peculiar, lackluster, low volume trading this week punctuated with sudden, oddly timed, very large sell orders. This leads to quick price falls followed either by slow, gradual recovery or a sharp bounce.
-
By Mark O'Byrne |
March 21, 2012
Still stubbornly high oil prices are bullish for gold but have not led to higher gold prices so far. Risk appetite remains high as seen in equity indices near record highs and gold more than 15% below its recent nominal record high.
-
By Peter Krauth |
January 3, 2012
Despite a pullback from its all-time high, gold is still trading in the $1,700 range. What's more, I believe gold will eclipse $2,200 an ounce in the next year, and shoot beyond even $5,000 an ounce after that.
-
By Peter Krauth |
December 9, 2011
New gold buying has a positive secondary effect on the gold mining sector. Not only should this trend repeat again in the coming year, but it's likely to be amplified as gold stocks finally respond to a long overdue bout of catching up.
-
By Mark O'Byrne |
November 28, 2011
Gold is higher due to the dollar coming under pressure and oil prices have surged over 3%. Stock markets are also higher on fresh hopes Europe will unveil yet another set of measures to tackle the deepening contagion in the Eurozone.