Tag Archives: precious metals

Gold prices surge after South Africa closes its mines. by Megan Barnett, Jan 25 2008 Forget about $100 oil. Try $1,000 gold. A national emergency in South Africa has driven the price of an ounce of gold to another new … Continue reading →

By Pham-Duy Nguyen Jan. 24 (Bloomberg) — Gold topped $900 an ounce in New York for the first time in a week after the dollar dropped against the euro, boosting the appeal of the precious metal as an alternative investment. … Continue reading →

  By Atul Prakash LONDON, Jan 23 (Reuters) – Gold pared most of its losses in volatile trade on Wednesday on safe-haven buying and bargain hunting at lower price levels, traders said. Longer-term sentiment remained strong and the metal was … Continue reading →

By John Jameson on January 22, 2008 5:22 PM | Permalink Investors are pulling out of the market and sitting on piles of cash — but those money markets are earning barely enough interest to offset inflation. By converting those … Continue reading →

LONDON (Thomson Financial) – Gold jumped by more than $10 in the immediate aftermath of an emergency 75 basis point rate cut from the US Federal Reserve, as the central bank of the world’s largest economy moved to try and … Continue reading →

      By CONRAD DE AENLLE Published: January 19, 2008 THE price of gold has always been a way to keep score of economic, financial and political instability, but the game may be changing. The dollar is weak, inflation … Continue reading →

January 7, 2008 With more voices adding every day to the chorus predicting the world’s biggest economy will go into a recession, diversifying away from U.S. stocks is a healthy strategy, analysts told CNBC on Monday. Traditional defensive sectors are … Continue reading →

By JACKIE FARWELL – January 18, 2008NEW YORK (AP) — Gold prices settled slightly higher Friday after an economic stimulus plan announced by President Bush failed to soothe recession worries, boosting the metal’s appeal as a safe investment. Energy prices … Continue reading →

January 17, 2008 LONDON (AFP) — Gold prices could hit $1,000 an ounce in 2008 after this week’s record-breaking run that was fuelled by fierce investment demand, precious metals consultancy GFMS said Thursday. “Investor appetite for gold at the moment … Continue reading →

NEW YORK, Jan. 16, 2008 (Thomson Financial delivered by Newstex) — Goldman Sachs (NYSE:GS) raised Wednesday its gold price forecasts to reflect expectations of a U.S. recession in 2008, which should lead to a lower U.S. dollar. Analyst Oscar Cabrera … Continue reading →