Posts Tagged ‘precious’

The 2012 week-long celebrations of the Year of the Dragon in China were nothing but a major ‘gold rush’ with gold sales volumes exceeding 95 million U.S. dollars, which is an almost 50 percent increase over last year’s celebrations, reported Xinhua. Full story

Gold is a very controversial object.  Many investors view the precious metal as a storage of wealth and a hedge against uncertainty. However, critics claim gold is a bubble and has no intrinsic value,  especially since you can not eat it.  The tech giant Apple Inc. Full story

Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East outpaces supplies of the precious stone, analysts said. Full story

Gold fell 2 percent to a three-month low on Wednesday, as the dollar rallied against the euro on more jitters about European debt, while losses in U.S. equity and commodity markets triggered a technical sell-off of the precious metal. Full story

Precious metal may face selling pressure Mumbai: Gold was little changed in thin holiday trading amid speculation that the US economic recovery may continue and curb demand for the precious metal as a haven investment. Cash bullion traded at $1,604.20... Full story

Despite calls for the death of the gold bull market, the precious metal managed to climb $21 higher on Tuesday to settle above the $1,600 psychological level.  The U.S. dollar declined as the euro sustained a move above $1.30.  While many expect today’s European Central Bank loan offering to add some form of stability to the euro zone, investors are still remaining cautious Full story

While many headlines are focusing on the fall in the gold price, it is worth bearing in mind that the precious metal is strongly correlated to the dollar Full story

Red has been the color of choice for gold and silver this week.  On Wednesday, gold fell below $1,600 to close at its lowest level since September.  Meanwhile, silver fell below its $30 support level.  Although many were quick to declare the bull market in precious metals dead, many investors questioned the call, because the long-term fundamentals have not changed. Investing in precious metals ... Full story

Edited version of Jeff Nichols' recent address to the China Gold & Precious Metals Summit in Shanghai. Full story

Kazakhstan's Industry Ministry says the construction of a third gold refinery to process an expected increase in volumes of the precious metal will begin next year and it will have capacity to produce 25/t of bullion per year. Kazakhstan plans to begin Full story