Posts Tagged ‘recent-strength’

Gold hit a new record price of more than $1,500 an ounce on Thursday. Economists say the recent strength of the precious metals market shows that investors are looking for a safe haven for their money as they worry about inflation, the strength of the Full story

TD Securities Head of Commodity Strategy, Bart Melek Monday predicted "gold will trade materially above the $1,500/oz mark sometime in the second half of 2011." "Despite recent strength and record prices, TDS analysis points to more upside for gold into 2011," Melek advised. Full story

Mark O'Byrne submits: Gold: Concerns that the US economy is sliding back into recession has led to equities internationally coming under pressure and further flows into safe-haven assets. Gold and silver have consolidated from last week's gains and remain near closing levels from yesterday and last week Full story