With the economic slowdown and the consequent fall in jewellery sales, jewellers have recently begun touting the merits of jewellery and diamonds as being “investments”. Gold, silver, platinum or palladium rings, bracelets, necklaces and diamonds or other gemstones should not be sold as an investment and it is irresponsible to sell them as such. Full Story
THE PRICE OF WHOLESALE GOLD held inside a tight $10 range early in London on Friday, nearing the week-end almost 8% above last week's close for US investors. World stock markets sank, meantime, losing 5.5% in Tokyo and dropping 5% in Paris, after the US Senate killed a $14 billion bail-out of America's "Big Three" auto-makers. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 December, 2008
Gold fell back off about 0.5% in Asia, but it then rallied back higher in London and climbed to as high as $834.60 with a gain of $25.90 by about 8:15AM EST before it pared those gains slightly for the rest of trade in New York and ended with a gain of 2.23%. Silver also fell slightly in Asia before it climbed to as high as $10.528 by about 8:15AM EST and then ended with a gain of 2.56%. Full Story
Gold is building on Wednesday's solid gains, propelled by a sharply lower -- and very toppy looking -- dollar. The yellow metal has penetrated important near term resistance at 829.55/97, shifting attention to the 850.00/863.00 zone next. Full Story
THE PRICE OF WHOLESALE INVESTMENT GOLD continued to rise in Asia and London early Thursday, breaking an 8-week high at $834 an ounce, gaining against all major currencies, and reaching new all-time highs for British investors – now suffering the worst Sterling Crisis in 32 years – above £552. Full Story
By: Chris Mullen, Gold-Seeker.com - 10 December, 2008
Gold rose roughly 1% to about $780 in Asia and added another $10 in London before it accelerated its gains in New York and ended near its session high of $814.15 with a gain of 4.56%. Silver traded just mostly slightly higher in Asia and London before it also took off in New York and ended near its session high of $10.265 with a gain of 3.35%. Full Story
THE PRICE OF GOLD rose steadily throughout early London trade Wednesday, reaching a one-week high above $792 per ounce as strong gains in Asian equities faded on Europe's bourses. Full Story
By: Chris Mullen, Gold-Seeker.com - 9 December, 2008
Gold traded mostly slight higher in Asia and London and fell as much as $7.20 to $762.25 by late morning in New York before it and rallied to as high as $780.30 in early afternoon trade and then fell back off a bit into the close, but it still ended with a gain of 0.52%. Silver fell to as low as $9.637 by late morning in New York before it also rallied back higher in late trade, but it still ended with a loss of 1.3%. Full Story
THE PRICE OF GOLD in the world's professional wholesale market held inside a tight $10 range early Tuesday in London, drifting up from $768 an ounce as global equities rose for the third session running. Full Story
By: Chris Mullen, Gold-Seeker.com - 8 December, 2008
Gold rose to see a gain of $30.20 or 3.99% at $782.25 by about 9AM EST in New York before it fell back off into the close, but it still ended with a gain of 2.31%. Silver climbed to as high as $10.37 by late morning in New York to see a gain of $0.975 or 10.38% before it also fell back off in the last couple of hours of trade, but it still ended with a gain of 6.12%. Full Story
Expectation of further rate cuts, along with heightened anticipation of debt monetization here in the US has the dollar looking rather toppy. Today's retreat below 86.00 in the dollar index suggests potential for further retracement back toward 84.00. Full Story
THE PRICE OF GOLD eased back from a sharp 2.8% gain for Dollar investors early in London on Monday, trading flat against Sterling and Euros after US president-elect Obama promised to "jump start" the economy with huge government spending and debt. Full Story
Gold needs to break $765 to target $780-$790 zone once again. This week if gold holds $740 then it will target $800 while a fall below $740 will result in $708. Full Story
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