Amid fears of protests and access to oil installations in Libya Gold tends to penetrate the barrier of $ 1400 because of unrest in the region Gold prices continued to rise , and reached its highest level in seven weeks on Monday with the continuation of protests in the Middle East, which has increased the demand for the metal as a safe haven, while silver and platinum rose to historical high levels in light of expectations of growth in industrial demand.
Continued gold gains after surging nearly three percent in the last week, is expected to continue to rise with new reports from North Africa and the Middle East, the United States market closed on Monday because of the holiday.
higher gold prices are also due to real concerns about the supply of oil in Libya or subjected its oil facilities to disrupt or stop because of the protests, oil prices could move to record highs because of the deteriorating situation in Libya, which worried also the metals markets. " Analysts point out that the entry of world's central banks has become the largest buyers of gold to boost their reserves of precious metals, The data of the World Gold Council released on the seventeenth of February has revealed that the growth of gold demand in the Middle East increased by 39% during the fourth quarter of last year.
Sun. Jan. 2 2011 | Spot gold prices will rise to at least $1,650 in 2011, believes Juerg Kiener, CEO at Swiss Asia Capital. He explains his bullish outlook to guest host Tai Hui of Standard Chartered Bank, CNBC's Martin Soong & Sri Jegarajah.
Gold price hits a new record of $ 1,427.55 an ounce and then backed off in Asian trading with immediate delivery at $ 1,421. The precious metal futures for delivery in February, are sketched in the night to $ 1,429.40.
Analysts predict a further rise in the next trade.
Frank Holmes, chief executive officer of U.S. Global Investors, and Robert Robotti, president of Robotti & Company LLC, talk about the outlook forgold prices.
Holmes and Robotti also discuss oil and natural gas markets, and their investment strategies. They talk with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
Gold Price has continued to rise over the past ten years. There is a flight to safety and security by holding on to a tangible asset like Gold. US Dollar has lost 13% of purchasing power since June as the US Government continues to print money. Gold is the only real currency. Gold is real worth.
Gold price breaking over $1400 an ounce. Gold price jumps dramatically due to further quantitative easing via the Federal Reserve's $600 billion plan to print more money. There is already talk of a QE3 so the Gold price will continue to skyrocket.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says he thinks gold prices will head higher as governments fight a currency war.
As the dollar strengthens, gold prices continue to fall. Just a few weeks ago, gold price has hit new highs in excess of $1200 per ounce, but now gold bugs are worried the yellow metal might slip below $1100 per ounce, if not lower.
NEW YORK (TheStreet) - Jon Nadler, senior analyst at Kitco.com, says that there are some variables that could put short term pressure on gold prices, but if gold's bull run can hold for a few trading days then the precious metal could hit $1,150.
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Kerr Trading International Kevin Kerr weighs in on the future of gold and dollar prices
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inside information on the health of the stock market by Alex Jones while talking to Ted Anderson about CIT bankruptcy and the price of gold as India buys 200 tonnes of IMF gold recorded on November 3rd 2009
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David Garofalo, chief financial officer of Agnico-Eagle Mines Ltd., told Bloomberg he believes in cycles .Canadian Agnico-Eagle's shares are up 20% and future looks rosey for them as the gold prices is continuing its rally
Commodities Guru Jim Rogers, chairman of Rogers Holdings, told Bloomberg that gold could rise to $2,000 an ounce over the next decade he also talks about commodities, including gold and oil . (Source: Bloomberg)
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Is Gold a commodity or a currency? It certainly fits the definition of a commodity: A substance of value, with a uniform quality produced by many different producers. By Garry White Published: 6:13PM BST 11 Oct 2009 However, unlike other commodities it has relatively few uses other than as an ornament. Copper is used in wiring, iron is used to manufacture steel but gold's main uses are – and always have been – as a store of value and as a way to demonstrate personal wealth. Even if solid gold bathroom taps are not to your taste, they certainly make a point.
This means that gold really should be considered as a currency – and nothing else. This brings us on to the subject of fiat money.
Fiat currencies are not backed by gold. When most currencies were on the gold standard, a unit of currency could be exchanged by central banks for a fixed weight of gold. That way, paper money could be used instead of using gold or silver coins. READ ARTICLE>>>
