Futures Rise as Dollar Dips, Gold Hits High
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
Gold strikes record on inflation, economic worries
Gold defied a rebound in the dollar on Monday and powered to a record on safe-haven buying, driven by growing worries about inflation and a drop in U.S. stocks that stirred doubt about the economic outlook.
Gold to hit $1650 by late 2010, early 2011
According to Jim Sinclair, chairman at Tanzanian Royalty Exploration, the price of the yellow metal could reach as high as $1650 by the end of 2010 and moving into the beginning of 2011. But, the man admits that, given recent happenings, this cou
Gold demand remains robust as economic conditions improve
Total identifiable gold demand for the third quarter of 2009 reached 800.3 tonnes, or $24.7 billion in dollar terms, up 15 per cent from the second quarter, as gold’s long-term store of value and wealth preservation qualities continued to attract
Be brave and buy the dollar
There is only one trade in town at the moment — sell the ailing dollar and buy gold — but investors could fare well by going against the grain.
Gold Q3 demand dropped by 49%
Demand for gold waned by 49 per cent in the third quarter this year
Gold miners raise $17-billion on TSX
Don’t forget - this has also been a particularly good year to be a mining investment banker. According to the Toronto Stock Exchange, as of September 30, miners had raised $17-billion on the TSX and TSX Venture.
Gold slips towards $1,135/oz as dollar firms
Gold slipped toward $1,135 an ounce in Europe on Friday as the dollar firmed, dampening the momentum which has lifted prices more than 9 percent this month.
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GBP/USDTrend: Upward
Buy GBP/USD at 1.6640 SL 1.6600 TP1 1.6670 TP2 1.6790
Resistances :1.6727-1.6801
Supports : 1.6592 - 1.6531
Pivot : 1.6666
Will Canada become a gold medal contender?
That’s the question former Globe and Mail editor Edward Greenspon posed to a packed house at the Rotary Centre for the Arts Tuesday night.
Strong dollar weakening gold prices
The gold producer that takes its name from the patron saint of miners - St Barbara - has blown the whistle on the myth that the Australian industry is enjoying record gold prices because of the surge in US dollar gold prices to all-time highs.
Gold Price Bubble? Wait Until $6,300
With the gold price trading up 9.5% this month, gold mining stocks higher by 20.3%, and the price of gold now higher 12 of the last 13 days as measured by COMEX gold futures, discussion of a gold bubble is beginning to make its way through the ma


