Gold Buying Opportunity
November 19, 2009 By Leave a Comment
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. [Read more...]
Beijing Insider: China “Can’t Buy Enough Gold”
November 5, 2009 By Leave a Comment
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. [Read more...]