Posts Tagged ‘italy’

VICENZA,(ITALY): Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 per cent in 2011 and is set to grow a further 10 to 15 per cent this year with bullion prices falling back after recent gains, the head of Gitanjali... Full story

Early Wednesday, the euro dropped to under $1.30, its lowest level since January.  The decline came after Italy paid a euro era record yield of 6.47% to sell five-year notes.  Last month, Italy paid an average yield of 6.29%, which shows that despite the EU summit, there has been very little change in the euro debt crisis.  With the euro still on the edge, ... Full story

- Gold prices are tentatively higher Friday as markets wait for Italy to approve austerity measures into law and for the resignation of Silvio Berlusconi. Full story

The price of gold pushed through and held above the key resistance level of $1700 an ounce last week, as the US dollar dropped sharply due to the euphoria from Europe about the agreement made at the Euro Summit in Brussels. No one was more excited about the outcome than French president, Nicolas Sarkozy, who seems determined to save the world. I wouldn’t be ... Full story

Gold for December delivery rose $50.10, or 2.7%, to $1,879.30 an ounce in midday trade in New York — within striking distance of the metal's $1,891.90 settlement record set a week and a half ago. The jump comes after data showed the US added no jobs in August sparking renewed fears that the world's biggest economy is heading back into recession. Gold benefited because the ... Full story

After the S&P downgrade announced Friday evening, North American markets opened Monday and tumbled. The Australian stock market, measured by the S&P/ASX 200, finished the day down 2.91%, while the S&P/TSX composite was down 3.4% in morning trading to 11,796, its lowest level since August 2010. Gold breached $1,710 an ounces before settling back to $1,700/oz. Full story

The price of gold zoomed to an all-time high of Rs24,770 per 10 grams by adding Rs420 in New Delhi, India on Saturday on frantic buying by stockists and investors. India is the world's number one consumer of gold and official figures released on Friday show the country's revenue from the importation of gold almost doubled in 2010-11 compared to the previous year. The news ... Full story

Gold futures pulled back early on Friday after adding over $50 an ounce since Monday and more than a $100 since the start of July, but in after hours trade in New York had reached $1,594.50, adding a solid $5 to Thursday's record high of $1,589.30 an ounce. Thursday's gains were sparked by rating agency Moody's saying US bonds were on review for possible downgrade ... Full story

Gold futures added to record levels set earlier on Tuesday as Europe finance ministers consider allowing Greece to default on some of its debt, Italy's borrowing costs soar and US Federal Reserve minutes indicate the possibility of additional financial stimulus. Gold is considered a hedge against inflation and further quantitative easing could flood financial markets with cheap money as it did in the previous round ... Full story

Read more : monetary base,gold money,silver,silver etf The end of June marks the end of QE2. So what does that mean for the US economy Full story