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Wednesday 28 February 2007 @ 6:24 am
February 27, 2007 - Gold Plunges $13 on Tuesday as Investors scrambled to cover equity market losses, driving Gold prices down to a low of $660/oz. before rebounding and closing near $770.
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Gold & Stock Markets Tumble In Biggest Dow Drop Since Sept, 2001
Sunday 4 February 2007 @ 8:09 am
Dollar's Weakness, Then Strength, Confounds Investors, Leading To Large Technical Sell-Off Gold Fell $11, about 2% Friday to $651 per ounce. A U.S. payroll data showed a moderately healthy growth and the the dollar was buoyed by talk of another rate hike by the European Central Bank. The strength of the dollar, which rallied to 1.3 versus the Euro, an important technical barrier unleashed a wave of currency selling, primarily lead by large institutional investors. Likewise, the strength of the dollar, often an inverse barometer the gold prices, caused a technical sell-off of gold.
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Sunday 3 December 2006 @ 10:32 pm
Major Investors have begun a gold buying spree, tightening demand and raising the price of gold three weeks in a row. The primary reason for the rise in the gold market is the continuing concerns over the weakness of the dollar causing an upsurge in demand as investors are increasing turning to gold as a hedge against the weakness in the dollar and the economy.
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Monday 27 November 2006 @ 6:30 pm
Poor “Black” Friday and Cyber Monday Retail Showings Causing Concern Among Investors
Reuters is reporting the overall traffic to the Nielsen/Net Ratings Holiday eShopping Index, which tracks more than 120 online retailers, rose 12 percent on the Friday after Thankgiving over the same day last year, according to the online audience measurement firm.That is significantly below the 29 percent growth in overall traffic to the index from 2004 to 2005 and more in line with 11 percent growth seen from 2003 to 2004. ==> Comment On This Article in Our Blog
Monday 13 November 2006 @ 12:32 am
Commodities have surged in the aftermath of the United States midterm elections. The gold price is up $16.25 to $632 an ounce, the platinum price $50 an ounce higher to $1,203 an ounce, and the oil price is up 2.6% to $61.12 a barrel. The Bank of England raising interest rates in the UK to 5%, the highest level seen in five years, with signs there will be another hike in the new year, signaling that inflationary pressure is rising. ==> Comment On This In Our Blog
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