GOLD PRICES

Gold Powers to a New Record High

Posted on September 16th, 2010 in currency, dollar, gold, GOLD PRICES, India Shares, inthenews

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gold barsGold set a new record high in London, trading at $1,277.07 per ounce, Bloomberg News reported.

The reasons for gold’s surge are both technical and fundamental. On the technical side, when gold broke through the old high at $1,265 per ounce, it was a signal to traders to buy. Usually when a new nigh is made, the bulls take charge of the market.

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Gold Powers to a New Record High originally appeared on BloggingStocks on Thu, 16 Sep 2010 12:00:00 EST. Please see our terms for use of feeds.

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Gold – London – BloggingStocks – Trade – Bloomberg L.P.

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Gold Prices Surge to New Record High on Global Economic Concerns

Posted on September 14th, 2010 in dollar, euro, Europe, GFMS. Ltd., global economy, gold, GOLD PRICES, India Shares, Inflation, inthenews, yen

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record high gold pricesGold prices are on the move today, rising sharply and setting a new record high as traders look to the precious metal as a safe haven in an uncertain global economy.

Gold prices are currently up $25.90 to $1,271.50 an ounce, just a bit shy of the record high price of $1,274.50 it set earlier in the day.

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Gold Prices Surge to New Record High on Global Economic Concerns originally appeared on BloggingStocks on Tue, 14 Sep 2010 14:40:00 EST. Please see our terms for use of feeds.

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Precious metal – Gold as an investment – BloggingStocks – Business – Investing

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Will Gold Rally to $1,500 per Ounce?

Posted on September 01st, 2010 in DB, featured, GOLD PRICES, India Shares, inthenews

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goldWill gold rally to $1,500 per ounce? According to leading analysts, the answer is yes. Bloomberg News surveyed 29 analysts and their median number was $1,500 per ounce.

Dan Brebner of Deustche Bank (DB) was the most accurate forecaster this year. His prediction is also for $1,500 per ounce.

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Will Gold Rally to $1,500 per Ounce? originally appeared on BloggingStocks on Wed, 01 Sep 2010 10:40:00 EST. Please see our terms for use of feeds.

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Gold – BloggingStocks – Rallying – Economy – Business

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Central Banks Swap Tons of Gold for Cash

Posted on July 11th, 2010 in Bank for International Settlements, BIS, central banks, gold, GOLD PRICES, India Shares, inthenews

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gold pricesIn a footnote in a 216-page report released last week, the Bank for International Settlements (BIS) disclosed that since December, it has taken in 349 metric tons of gold from central banks, which swapped it for $14 billion in cash.

Why is this important? First off, the BIS is the central bankers’ bank. We can gather from this that central banks needed cash to pay their bills. So they pawned their gold.

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Central Banks Swap Tons of Gold for Cash originally appeared on BloggingStocks on Sun, 11 Jul 2010 14:10:00 EST. Please see our terms for use of feeds.

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Central bank – Bank for International Settlements – Gold – BloggingStocks – Bank

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