Gold
Dollar Strength On The Agenda
Yesterday early gains for the euro were negated when the dollar made a sharp recovery following comments by the Federal Reserve chariman, that reiterratted the Treasury Secretary Henry Paulson’s comments on the third of June following comments yesterday from Federal Reserve chairman Ben Bernanke, the dollar pulled back euro gains from earlier in the day. [...]
Oil Rise Leads to Gold Hedging Gains
The rising price of oil sent gold prices up in London. The demand for gold as an inflationary hedge led to rising prices on the commodities market.
Gold is joined by other precious metals seeing a rise in demand with prices rising for platinum, palladium and silver. With oil trading within one percent of $120/bbl, precious [...]
Gold Advances As Hedge
Traders saw a rise in the value of gold, silver and precious metal stocks. The weakening US dollar led to traders investing in gold as a way to hedge against the currency downturn.
Gold made it’s third straight quarterly gain, making it a consistent hedging commodity during times of market volatility and the general economic downwards [...]
Gold May Rebound With US Economy Slowing
The slowing US economy may lead to higher Gold prices as the Federal Reserve lowers interest rates.
Gold is typically a commodity that becomes more appealing during times of economic slow-down or as a means of risk aversion.
“Eighteen of 31 traders, investors and analysts surveyed by Bloomberg advised buying gold, which fell 1.8 percent last week [...]
Gold Rises
Futures traders took Gold higher as investors looked to alternatives to the US dollar.
Gold rallied 31 percent in 2007 as the Federal Reserve cut the benchmark interest rate.
It is expected that Gold will rally if the European Central Bank keeps the benchmark interest rate unchanged tomorrow.
A Look At The Chart
A look at the GDX chart [...]
Gold Reaches New High
Gold reached an all-time high Friday 25th January when it passed $920 a troy ounce. The price spike was seen due to a South African power shortage that temporarily halted mining in the country.
The halt is a safety precaution, as the mines rely on the power supply to extract water from deep mine shafts, as [...]
Fed Emergency Interest Rate Cut
The Federal Reserve cut the interest rate from 4.25% to 3.5% after a second day of miserable trading.
Stocks plunged in Asia for a second day, which led on into UK and US markets. The Fed made a 0.75% rate cut to help ward off the increasing signs of recession. “Policy makers weren’t scheduled to gather [...]
Dollar Woes Continue
The USD decline continued today following disappointing results in the US NFP and US unemployment figures. Analysts are expecting the Federal Reserve to make further interest rate cuts to help bolster the economy.
A Shaky Start to 2008
The USD has stumbled into 2008 after a temporary rally against the Euro towards the end of December. There [...]
Gold Rally Continues
Following on from yesterday, Gold continued to rally. The trend has continued today as traders use the commodity as a hedge against inflation worries in the US economy.
It is expected that the Federal Reserve will make further interest rate cuts to revive the slowing economy. “People are still nervous about the dollar. We are seeing [...]
Gold Highest Since 1980
Commodity traders have sent Gold higher, after a shaky start to 2008 for the US Dollar. In response to the USD decline, traders have hedged against inflation by trading Gold futures.
Gold reached a high of $852.30, in comparison to a record high of $873 in January 1980. The bullish rally for Gold has continued for [...]
