Comex gold extends gains to as high as 1049.7 in European morning. Major reasons driving gold’s rally are weak USD, inflation expectations and minimal sales from central banks. The Fed has reduced…
Tag: gold market
Gold Price Made Fresh Record High and Confirmed Long-term Uptrend
Gold price set a new record high Tuesday amid USD’s weakness and renewed inflation worries. The benchmark contract for the yellow metal breached the peak of 1033.9 made in March 2008 and…
Gold Sets New Monthly Record in Dollars, “Panic Buying” Absent
By: Adrian Ash from BullionVault London Gold Market Report The price of gold moved back above $1000 an ounce Wednesday morning in London, heading for its best-ever monthly average in Dollar as…
Crude Oil Stays Weak. It’s Correlation with USD Has Surged Substantially
Crude oil price falls below 66 in European morning as USD recovers and stock markets weakens. Currently trading at 65.5, the benchmark contract for crude oil is vulnerable to further decline as…
When you own gold, you’re fighting every central bank
By: Chris Powell, Gold Anti-Trust Action Committee Dear Friend of GATA and Gold: On Friday CNBC broadcast a remarkable six-minute interview with Jim Rickards, director of market intelligence for McLean, Virginia-based consulting…
Central Banks Set to be Net Gold Buyers
By Chris Flood Financial Times Central banks are set to become net buyers of gold this year for the first time since 1998, according to GFMS, the metals consultancy. This reverses the…
Gold – The Shining Star
By: Mary Anne Aden and Pamela Aden, The Aden Forecast Gold, silver and gold shares are jumping up. Gold hit a record high this month and all three are in ‘break out’…
Oil Price Remains Soft While Gold Rebounds
Crude oil remains weak in European morning as there’s lack of upbeat economic data to offset the bearish inventory report. Currently trading at 68.5, the benchmark contract for crude oil stays within…
Gold Price Not Inflation Driven?
By Boyd Erman Globe and Mail Wednesday, September 23, 2009 It seems a shame to trash the party just when it’s finally becoming fun to be a gold bug. Bullion is flirting…
Gold & Euro Tied Together as US Dollar “Loses Safe Haven Status”
By: Adrian Ash, BullionVault London Gold Market Report THE PRICE OF GOLD dipped 0.5% Wednesday morning in London, slipping to $1,012.50 per ounce as Asian stocks closed the day lower but European…