Gold Gains on Weak Dollar; Silver Declines, Platinum Advances

Lynn On June 19, 2009 / General Market

By Halia Pavliva and Nicholas Larkin June 19 (Bloomberg) — Gold rose in New York as the dollar weakened, boosting demand for precious metals as alternative investments. The U.S. Dollar Index, a six-currency gauge of the greenback’s value, fell as much as 0.8 percent. Gold, which typically

Gold to Touch $1,400 in Six Months

Lynn On May 31, 2009 / Gold

Gold investors know all too well the psychological importance of $1,000 gold. The yellow metal’s been hovering frustratingly near that level for weeks after briefly surpassing it in February. According to John Kaiser, editor of the Kaiser Bottom-Fishing Report, “we’re getting very close.” In this exclusive interview

Silver: The Metal That Moves Thrice Faster Than Gold

Lynn On May 28, 2009 / Silver

By Andrew Mickey The dollar is out. The U.S. dollar index has fallen 5% last week. Treasury bonds are quickly falling out of favor. The yield on 10-year Treasury bonds has climbed from 2.5% to almost 3.5% since March signaling inflation fears and an unwillingness to fund

Gold Prices to Rise ‘For Some Time’ to Come

Lynn On March 23, 2009 / Gold

Kyobo Securities has today (March 23rd) suggested that now is the perfect time to make a gold investment as the yellow metal looks well-placed for further rises, the Korea Times reports. Gold Buying has been on the increase for some time now as investors continue to fret

UBS Bullish on Gold Price Nearing $2,500

Lynn On March 10, 2009 / Gold

By Javier Blas in London Gold could surge to $2,500 a troy ounce in the next five years because the prospects of either deflation or inflation were “becoming more extreme” UBS said on Tuesday. The Swiss bank told investors to overweight gold in their portfolios. The Swiss

Global Financial Assets Lost $50 Trillion Last Year, ADB Says

Lynn On March 9, 2009 / General Market

By Shamim Adam — March 9, 2009 (Bloomberg) The value of global financial assets including stocks, bonds and currencies probably fell by more than $50 trillion in 2008, equivalent to a year of world gross domestic product, according to an Asian Development Bank report. Asia excluding Japan

Investors Rush Into Gold Coins

Lynn On February 18, 2009 / General Market

By Javier Blas and Chris Flood Investors in Europe and North America went on an extraordinary shopping spree for gold coins and bars in the final quarter of last year, snapping up 148.5 tons, a jump of 811 per cent compared with the same period in 2007,

Precious Metals Blog