NEW YORK – Gold prices have been rising sharply, breaching the $1000 barrier and in recent weeks rising towards $1200 an ounce and above. Today’s “gold bugs” argue that the price could top $2000. But the recent price surge looks suspiciously like a …
Read Original Story: The Gold Bubble and the Gold Bugs – Project Syndicate
There has been a lot of talk recently about an impending bull rally in gold. India and China are looking to increase their gold inventories as they attempt to distance themselves from their dollar holdings. Many investors anticipate gold prices to …
Read Original Story: A Commodity Staged to Outperform Gold – Motley Fool (blog)
Spot Gold prices declined more than 1% and hovered around $1113/oz levels as a stronger dollar exerted pressure on the yellow metal. The dollar rose to the highest level in more than two months on speculation that the US economic recovery could prompt …
Read Original Story: Gold, copper and oil witness weakness – Commodity Online
Gold gave back yesterday’s 1.4% rally on Tuesday morning in London, drifting down to Monday’s start near $1113 an ounce as world stock markets slipped and the US Dollar rose on the currency market. The Euro fell to a fresh 11-week low after the ZEW …
Read Original Story: Gold Rally Fails But "Uncertainty" and "Thinking the Unthinkable" on Sovereign … – BullionVault
Spot Gold prices gained on Monday as weakness in the dollar which made the yellow metal look attractive for holders of other currencies. Currently, interest rates in the US are expected to remain low and that may cap a sharp upside in the dollar. …
Read Original Story: Gold moves upward on dollar weakness – Commodity Online
LONDON, Dec 11 – Gold prices fell 1 percent to four-week lows in Europe on Friday, giving up the gains which earlier took them above $1140 per ounce, as upbeat US economic data lifted the dollar. Spot gold hit a low of $1115.35 and was bid at $1119.90 …
Read Original Story: PRECIOUS-Gold hits 4-week low as US data lifts dollar – Alibaba News Channel
Dec. 14 (Bloomberg) — Gold, little changed in New York today, may rise as a weaker dollar spurs investors to buy bullion to hedge against further declines in the currency. The US Dollar Index, a measure against six …
Read Original Story: Gold May Advance in New York as Weaker Dollar Spurs Demand – Bloomberg
The gold bugs are running scared. Unable to trade, lacking any clear direction, they have turned cautious and prudent. They are clearly running for cover. News of Abu Dhabi’s largesse gave an instant …
Read Original Story: Gold Jitters Sweep Streets – Gold Investing News
This has been a great year for gold, but investors can’t seem to shake the jitters they acquired in 2008, when prices plunged 35% between March and October after poking briefly above $1000 for the first time. Is last week’s 10% selloff the beginning of …
Read Original Story: Some Key Numbers To Watch in Gold – Gold Seek
After hitting a high of $1218 earlier this month, the price of gold has since failed to follow through. In fact, the shiny metal hit a four-week low last Friday as a better than expected US retail sales numbers sent the dollar higher …
Read Original Story: The 2010 Gold Price Outlook – Wealth Daily
