Gold Buying Opportunity

Gold Dip "Offers Buying Opportunity" as Zero Rates Seen Until End-2010 London Gold Market Report THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies. The US Dollar rose sharply on the forex market, but the drop in gold outpaced the drop in non-Dollar currencies, helping the gold price in Sterling retreat 1.1% from Wednesday's 9-month highs. (more...)

Lonmin to Boost Platinum Output 20%

By 2013 to take advantage of climbing prices LONDON (Reuters) - Lonmin Plc, the world's third biggest platinum producer, swung to an annual loss on weak prices and lower output, but said it planned to boost output by a fifth by 2013 as prices climb on shortages. (more...)

Beijing Insider: China “Can’t Buy Enough Gold”

Gold "Targets $1100" as Beijing Insider Says China "Can't Buy Enough Gold" London Gold Market Report The price of gold in wholesale 400-ounce form held steady Thursday morning in London as world stock markets slipped. Trading near $1090 and €735 an ounce for US and Eurozone investors, gold was up 4.3% and 3.5% respectively for the week so far. Crude oil crept back above $80 per barrel. The US Dollar slipped on the forex market as the European Central Bank and Bank of England kept their key interest rate on hold at record lows. (more...)