By: Adrian Ash, BullionVault London Gold Market Report THE PRICE OF GOLD regained a third of yesterday’s 2.5% plunge in London dealing on Wednesday, bouncing as the US Dollar eased back and…
Category: Gold
What’s REALLY Behind the Record Rise, Bull or Bubble?
By Nico Isaac When prices in a financial market go from Sea Level to Outer Space in a relatively brief time, two scenarios are at work — and they both start with…
Buy Gold As the Dollar Burns
“You cannot keep out of trouble by spending more than you earn.” — President Abraham Lincoln A few days ago, Dubai World — maker of all things frivolous — announced that it…
Gold and Oil Fall Sharply as Dubai Debt Fear Drives Investors Out of Risks
Commodities drop sharply around the world as markets sentiments are deeply pressured by risk of contagion effect from Dubai debt payment delay request which could trigger second wave in the credit crisis….
Sri Lanka as the Third Central Bank to Buy from IMF This Month, Gold Shines
Comex Gold advanced to as high as 1195 in Asian session after Sri Lanka purchased 10 metric tons of the IMF’s planned gold sales. According to the press release from the central…
Gold to Rally to 1200 as India May Buy More from IMF
Gold extends strength after consolidation after news said that Indian central bank may buy more gold. The December contract for the yellow metal rallies to 1180 and looks to march to 1200….
Gold’s Friends Now Outflank Its Foes
By: Rick Ackerman, Rick’s Picks In the Rick’s Picks chat room, where the focus is sometimes obsessively on gold, the meaning of “long-term” can range anywhere from 90 minutes to about three…
Gold Marching to 1200 Psychological Level
Precious metals soar today on the back of central bank rhetoric while energies are lifted mildly by recovery in stocks. Gold surges to new record high of 1167.8 as St Louis Fed…
Another Central Bank Bought Gold from the IMF!
Bullion bulls take a breather after pushing gold above 1140 Monday. Currently trading at 1131, the Comex gold futures may edge lower later today as USD recovers. However, the pullback should not…
Gold Extends Strength Above 1100 amid Worries about USD’s Reserve Currency Status
Gold price continues to rise to uncharted region on Monday. Currently trading at 1109.3, the benchmark contract is mainly buoyed by weakness in the dollar. Rajat Nag, managing director of Asian Development…