Decline in the spot gold price by 3.6% to reach 1597.89 USD/Troy an ounce today, down from 1,600 USD/troy an ounce for the first time since late July, as investors sold precious metals to buy in the dollar and Treasury bonds, which are considered safe havens. Gold prices today fell to more … Continue reading
World Gold Council anticipated rise in Chinese demand for gold by 10%, or about 70 tons, this year, as consumers accept the gold as a means of protecting wealth. The total Chinese demand of about 706 … Continue reading
sold of gold today in Comex market made a hit for the US dollar cause a rise in the value of the US dollar because USA is the biggest country from the gold reserves around the world which … Continue reading
Gold rose today after credit rating cut increased to Italy, the pressure on European leaders to resolve the debt crisis of the euro area. In the latest blow to the euro zone cut by Standard & Poor’s credit rating of Italian sovereign debt by one degree and said that the chances of growth of the Italian economy are getting weak and that the reforms … Continue reading
Spot gold prices rose by 8. 0% today, extending gains of 1.2% in the previous session as investors dumped the metal as a safe haven amid fears of worsening debt crisis in the euro area. Investors will wait and monetary policy meeting for the Council of the Federal Reserve(Fed) on Tuesday and Wednesday. The outcome of this meeting is not like any form of … Continue reading
Turns to European central banks to buy gold strongly for the first time in more than two years, in light of the current turmoil in the currency markets and loans Although the quantity bought by European banks are few compared to the gold market in the world and will be available for discussion during an annual … Continue reading
New gold price expectation for 2012 New gold price expectation for 2012 is exclusive on http://goldpricenetwork.com/ New gold price expectation for 2012 is 2500 USD/Troy ounce this news is going to change the market balance and … Continue reading
Moody’s lowered the credit rating classification of two major French banks, sparkingfears of a systemic crisis in the banking sector in the euro area. The decline in gold and Moody’s lowered ratings of Societe Generale and Credit Agricole said it would expand the scope of review to include me. That. Paribas. And gold moved down half percentage point up to 1824.09 USD/ Troy ounce, after rising 1.1% in the previous session. … Continue reading
Gold prices fell amid volatile trading on Tuesday to continue in a short time the huge losses in the previous session, which amounted to 2.5% to below $ 1800 USD/Troy ounce with the rise of … Continue reading
Gold prices firmed in Europe yesterday to recover from the previous losses after European stock markets fell at the open with investors expected a new round to measures the quantitative easing by the Federal Reserve (U.S. central bank). The gold record in last August the largest monthly rise since November 2009, after weak economic data raised speculation that the … Continue reading