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Gold price settles at new record high

The gold price broke out decisively to the upside in trading yesterday, with the August Comex contract gaining $13.10 (0.9%) to settle at a record price of $1,562.30 per troy ounce. Today’s Asian trading session has confirmed gold’s move higher, with the gold price now close to the nominal high of $1,577 that was reached on ...

2011-JUL-13 · The GoldMoney News Desk

 
 

Europe – time for a change of tack

Euroland dominates the financial headlines again, with Greece facing financial collapse, and Ireland seeking to renegotiate her bailout terms. In both cases, the people are beginning to rebel against the spending restrictions imposed by their politicians at the behest of the European Union and the International Monetary Fund. This is the ...

2011-MAY-21 · Alasdair Macleod

Unbridled precious metals demand in the United Arab Emirates

Roman Baudzus writes -- The worldwide gold demand reached a 10-year-high in 2010. The gold sales were at 3,812.2 tons last year, which corresponds to a rise in demand of 9% on an annual basis. All the more gold traders as well as visitors are feverishly awaiting the 30th anniversary of the precious metals exhibition MidEast Watch & ...

2011-MAR-29 · Roman Baudzus

Gold Price Moves Sideways in Thin Holiday Markets

From the GoldMoney News Desk -- The gold price was down slightly to just under $1,370/oz on Friday, after staying in a tight range since Tuesday afternoon. Safe-haven buying on the dips kept gold supported, while a stronger US dollar capped gains. Boosting the dollar was news from the US that weekly initial jobless claims have reached ...

2010-NOV-26 · The GoldMoney News Desk

Gold Price Range-Bound after Ireland, ahead of US Holiday

From the GoldMoney News Desk -- The gold price has been relatively stable at around $1,360/oz this week. Gold has been range-bound since Ireland officially asked Europe for help to pay off their overwhelming debts. The IMF, ECB and the European Commission are expected to calculate a total rescue fund of around 90 billion Euros. The cash ...

2010-NOV-23 · The GoldMoney News Desk

Gold Price Up on a Weakened Dollar

From the GoldMoney News Desk -- The gold price rose to $1,362/oz on Friday as the dollar fell on reports of record low US inflation data. Low core consumer inflation and lagging new home build figures reminded investors of the state of the US economy and backed the Fed's case for quantitative easing. The debt situation in Ireland cooled ...

2010-NOV-19 · The GoldMoney News Desk

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