From Gold May 21, 2013 08:40 am
Gold experts continue to see bleaker days ahead for the yellow metal, once considered a safe haven. Ric Deverall of Credit Suisse forecast the price of gold would further dip to $1,100 in 2013 and even plunge more to $1,000 in the next five years.
From Gold May 17, 2013 09:25 pm
Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.
From Gold May 17, 2013 02:21 pm
Despite the global gold demand trade decelerated in the first quarter of 2013 compared from the year ago, the actual exchange of gold among small-time investors in the Middle East, India, and China was very much alive through jewellery in the same period.
From Gold May 17, 2013 10:32 am
Gold Futures Prices Drop to $1,368.90; Central Banks Add 109.2 Tonnes of Yellow Metal to Reserves in Q1 2013
Gold continued to lost its luster as prices of spot gold futures for June delivery dropped 0.7 per cent and closed on Thursday at $1.386.90 an ounce on the Comex in New York. It is the sixth consecutive prices that the price went down, and the longest slump for the precious metal once considered a safe haven.
From Gold May 01, 2013 03:46 pm
The Dow Jones Industrial Average finished Tuesday with a gain of 21.05 points, or 0.14%, to 14839.80, after falling 84 points earlier in the day. The Standard & Poor's 500-stock index rose 3.96 points, or 0.25%, to 1597.57, a new record high, while the Nasdaq Composite Index gained 21.77 points, or 0.66%, to 3328.79.
From Gold Apr 30, 2013 03:21 pm
The S&P 500 added 11.37 points, or 0.7%, to 1593.61, with all 10 sectors higher. It closed a hair above its record high of 1593.37, reached April 11. The tech oriented Nasdaq Composite Index rose 27.76 points, or 0.8%, to 3307.02, its highest level since 2000.
From Gold Apr 22, 2013 10:00 am
Stocks rose Friday, trimming the biggest weekly loss of the year for the Dow, as continued strength in defensive corners of the market offset a selloff in International Business Machines shares.
From Gold Apr 19, 2013 09:48 am
April 16 was a far cry from previous two years when 'Gold' enjoyed the most-favored-investment status. Not only did the Gold-bubble finally burst, but it also led to bringing the value of central bank reserves down around $560 billion as investors now prefer equities to gold-investments.
From Gold Apr 17, 2013 11:16 am
Yellow Metal Price Drops Further to $1,322.06 in Tuesday Trade; Analysts Warn of Gold Mine Closures as Commodity Loses Shine
Gold continued on Tuesday its downslide as spot prices of the yellow metal, once considered a safe haven, tumbled down to $1,322.06 an ounce on Tuesday trading. It is the lowest price since January 2011, following last week's major drop which ended the 12-year winning streak of gold.
From Gold Apr 16, 2013 07:55 pm
Huge gold and crude oil imports are the major factors for India's widening current account deficit.