Tag Archives: gold investment
China gold reserves more traders back in the bulls
LONDON: Gold traders are most bullish in two months after mainland China imported most metal ever from Hong Kong and U.S. investors bought gold coins at the fastest pace in over two years. Eighteen of the 23 surveyed expect the metal to the next week to get the highest rate since November 11. Mainland China imported nearly 102.8 tons in November, worth about $ 5.4 billion, trade data showed on Jan. 11. The U.S. Mint said 85,500 ounces of American Eagle gold coins sold in the first 12 days of January. Full Month sales would reach 2,13,750 ounces at that pace, the most since December 2009. (more…)
Gold at U.S. $ 2,000 still seen as an opportunity
While the U.S. $ 2,000 gold seems a way from the current level of about $ 1,600 per ounce, the majority of the miners see the precious metal hit that key level sometime next year.Fit for a queen: Czech artist Lubos Charvat beaten with a new 10,000 New Zealand dollar gold coin investment. One side of the coin is stamped with a picture of Anne of Bohemia, who later became Queen of England. A new PricewaterhouseCoopers (PwC) survey says 80% of the gold mining executives expect the price of gold continued to increase in 2012 only 6% expect a decline during the year. (more…)
Gold falls in equities and fixed the eurozone talks
Gold fell for the third consecutive session on Wednesday, moving back along with riskier assets, such as nervous investors sold on a lack of progress in the euro zone debt talks and an uncertain U.S. economic outlook. Bullion followed Wall Street lower after French President Nicolas Sarkozy said the plans for Europe’s debt crisis are stuck with Paris and Berlin at odds over how the firepower of the bailout fund raising region. Moody’s sovereign credit rating downgrade in Spain also weighed. (more…)
Gold rises on deal Slovakia, European optimism
Gold rose Wednesday with riskier assets, such as the dollar fell on hopes that the eurozone debt crisis will be included after the parties have agreed to the Slovak regions bailout Fund. Wall Street and industrial metals also posted sharp gains after Slovak lawmakers said they plan to increase the powers and scope of the European rescue fund EFSF expand approve. Bullion broke above the 20-day moving average, which is technically inspired buying.
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Five of the Best: Gold miners set to surprise in 2012
Angelos Damaskos, manager of the £ 40m fund Junior Gold and CEO of the Sector Investment Managers, up five gold miners best placed to benefit from the upturn in commodity prices. Damaskos said the upward trend in gold price is set to continue as the crisis developed economies remains complex. (more…)
Gold Falls lower as inflation concerns ease on U.S. jobs report
FALLS GOLD: Gold for December delivery fell $ 17.40 Friday, or 1 percent, to $ 1,635.80 an ounce. December silver lost $ 1.012, or 3.16 percent, to close at $ 30,993.
JOBS REPORT: On Friday, the U.S. Department of Labor reported that U.S. employers added 103,000 jobs in September, boosting the confidence and the dollar value, which hurts gold. (more…)
Gold and silver ETFs snapped on Tuesday, posting its first positive close of the week and leaving enough space for more bargain basement shopping.
The SPDR Gold Trust (GLD) rose 1.9% and the iShares Silver Trust (SLV) jumped 4.7%. Yet, after four straight losing days post Tuesday, GLD shares are still a price from August levels. Meanwhile, SLV inventory of actual progress from mid-February. In futures markets, gold today regained the psychologically important level of $ 1,600. Gold for December delivery rose 3.6% to $ 1,652.50 an ounce on the Comex attention. December silver gained 5.2% to reach $ 31.54 an ounce. (more…)
