THE SPOT PRICE of wholesale gold bullion slipped into the first, quiet session of 2009 trading on Friday, recording a London AM Gold Fix of $869.75 an ounce – some 3.4% above the start of 2008 for Dollar investors. Full Story
Gold firmed in late trading on New Year's Eve after the dip into the 859.65/848.00 support zone generated some buying interest. The London fix was $865 versus the 833.75 fix on 28-Dec-07 (last trading day of last year). This was the eighth consecutive annual gain for the yellow metal. Full Story
THE PRICE OF GOLD BULLION slipped into the New Year's shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce. The last London Gold Fix of the year also pegged the Gold Price in Euros at €614 for French, German and Italian buyers – more than 7% higher from 12 months ago. Full Story
As the day progresses trading volumes will fall. Its time to be a bit nostalgic and hope that we do not repeat the trading mistakes we did in 2008. In 2008 other than gold all the commodities fared badly. One of the common mistakes which a day trader did was that they used to double the trades once the stop losses were triggered. Full Story
THE WHOLESALE PRICE OF PHYSICAL GOLD slipped in London on Tuesday, retreating 2% from yesterday's early 11-week high to trade at $871 an ounce. World stock markets rose and crude oil fell in thin holiday trade. Bond prices pushed higher again, driving yields still further below inflation. Full Story
The only lesson I learned in 2008 for my investments is never to sleep even on long term investments. Many a times we say to ourselves that since I am a long term investor I need not worry over my investments if the long term fundamentals are positive. Full Story
THE PRICE OF GOLD jumped once again in thin Asian trade early Monday, adding to Boxing Day's 3% gain to reach an AM Gold Fix in London of $881 an ounce – the best level vs. the Dollar since Oct. 10th. Full Story
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