Blogs Posts in Gold category; 26 blog posts

Gold demand strong in 2011, says World Gold Council

Investment demand was 310.5 tonnes, up 26% from the first quarter of 2010 but down 5% from the fourth quarter. Demand for gold peaked in the second quarter of 2010, partly due to Europe's sovereign debt crisis. The gold price has rise [...]

Posted On : May, 19 2011 | Comments : 0

Gold drops as economy optimism grows

Prices for gold and other metals are falling as investors raise their expectations for economic growth. Gold hit its lowest level since November, when a year-end rally took it above $US1400 an ounce. Investors have been pouring into gold [...]

Posted On : Jan, 26 2011 | Comments : 0

Gold Price Gains as Euro Hits 4-Month Low

The gold price moved higher Sunday night, rising $2.10 to $1,371 per ounce. After sinking as low as $1,353 early Friday morning, the price of gold bounced on the back off a weaker than expected U.S. jobs report and weakness in the [...]

Posted On : Jan, 10 2011 | Comments : 0

Jeweller Abbeycrest brought low by soaring gold price

Abbeycrest, one of Britain's leading jewellery companies, lost its New Year's Eve sparkle today when it admitted it was in breach of lending agreements. Shares in the Leeds-based group dropped 30% after a terse statement confirme [...]

Posted On : Jan, 01 2011 | Comments : 0

Gold/Silver Ratio Reconsidered

It is a commonly held belief by many precious metal investors and even a good percentage of market pundits that silver always outperforms gold during the latter stages of a precious metals rally. When the chart action goes parabolic &mda [...]

Posted On : Dec, 30 2010 | Comments : 0

India gold demand dull as prices hit 1-wk high

India's gold demand was lacklustre on Tuesday as prices hit their highest level in a week, helped by a weaker rupee, which made the dollar-quoted yellow metal expensive, dealers said. "Deals are very limited today. We haven' [...]

Posted On : Dec, 09 2010 | Comments : 0

Gold firms near highs, euro debt worries persist

Gold firmed on Thursday, within sight of its highest in nearly three weeks hit the previous session, as worries about euro zone's fiscal crisis lingered despite hopes the European Central Bank and the United States would step in to h [...]

Posted On : Dec, 02 2010 | Comments : 0

PRECIOUS-Gold braves dollar strength to hold gains

Gold held on to the gains of the past two days on Wednesday, driven by mounting concern about the risk of Ireland's debt crisis spreading to other euro zone economies, pushing bullion in euros to its highest since June. A dea [...]

Posted On : Nov, 24 2010 | Comments : 0

Gold steady on renewed worries over Ireland

The uncertainty in Ireland's politics unnerved investors, pressuring the euro and helping the dollar to stand firm. Ireland begins two nervous weeks of political maneuvering on Tuesday as the government dares the opposition to block [...]

Posted On : Nov, 23 2010 | Comments : 0

Gold rebounds as euro recovery benefits commodities

Gold rose more than 1 percent in Europe on Thursday, recovering from four sessions of losses, as a drop in the value of the dollar versus the euro helped commodity prices to recoup some of this week's hefty losses. Spot gold was bid [...]

Posted On : Nov, 18 2010 | Comments : 0

Glitzy tattoos now come in real gold

Forget the henna and flashy jewelry, the latest accessory trend for the fashion-conscious party-goer in Dubai is a temporary tattoo made of real gold. A new business in Dubai is offering temporary 24-carat gold tattoos as the ideal body [...]

Posted On : Nov, 16 2010 | Comments : 0

UAE gold sales down 10% in October: Retailers

Retail gold sales volumes in Dubai and Abu Dhabi fell by around 10% on the year in October as high gold prices deterred consumers despite the Indian festive season, retailers said on Sunday. "Ahead of Indian festival of Diwali [...]

Posted On : Nov, 10 2010 | Comments : 0

TSX closes above 13,000 as gold reaches record high

The Toronto stock market closed higher as worries about European government debt pushed bullion to fresh record highs. The S&P/TSX composite index jumped 127.37 points to 13,052.48, while a rising greenback pushed the Canadian dollar [...]

Posted On : Nov, 09 2010 | Comments : 0

Expect USD 10-15 upside in gold prices: Nirmal Bang

Nirmal Bang has come out with a research report on commodities. The broking firm expects precious metals prices to edge higher. The report says, "Precious metals prices are trading little changed on COMEX today. We expect precious m [...]