Barclays Sees Gold Taking Breather Before Continuing Run to $1,930 an Ounce
Barclays Capital on Monday stated it is taking a cautious approach to gold following its recent pullback from recent rally highs of $1,814 an ounce. Barclays analysts are looking for a 3-4% further retreat in gold prices, which would take the metal to near $1,700. However, the investment bank cited strong underlying fundamentals for gold in establishing [...]
Margin Hikes Chill Gold Rally
The Chicago Mercantile Exchange instituted a 22% margin hike on Thursday, bringing to a temporary halt the recent rally in gold that saw prices surge past the $1,800 an ounce mark. Despite the selloff, market participants see continued upside for the precious metal as econcomic concerns and positive [...]
Gold Rises Above $1,800 an Ounce in Heavy Trading
Gold prices rose above the $1,800 an ounce level in afternoon trading amid uncertainty surrounding the Euro debt crisis and fears of an economic recession in the U.S. fueled strong demand for the precious metal.
BofA Sees Gold at $2,000 by 2012
Bank of America Merrill Lynch has upped its 12-month gold price forecast to $2,000 an ounce. The bank cited expected U.S. monetary and fiscal policy responses to the country’s weakening economy as well as credit quality concerns on sovereign debt in Europe and the U.S.
Gold Price Forecast
Recent Gold Price News via Google- Higher oil, gold prices boost TSX - Victoria Times ColonistAdvisor.caHigher oil, gold prices boost TSXVictoria Times ColonistWhile the Dow dropped in later trading, Canada's benchmark stock index held on to its gains, thanks to jumps in the prices of oil and gold. The S&P/TSX composite index closed the day at a five-month high of 12623.36, up 165.06 points, or 1.32%.TSX surges as China encourages growthToro […]
- The gold price - BullionVaultProactive Investors UKThe gold priceBullionVaultBut what does it mean for the Gold Price? asks Julian Phillips of Gold Forecaster. There are still hurdles in the way, such as the acceptance by private Greek Bondholders of the 53% haircut and low interest rates they will get until 2015.Gold Prices up 2nd Day, Silver Gains, TooInternational Business TimesGold […]
- Gold eases as optimism over Greek bailout dissipates - ReutersKuwait TimesGold eases as optimism over Greek bailout dissipatesReutersBy Jan Harvey | LONDON (Reuters) - Gold prices retreated from an earlier two-week high in Europe on Wednesday as persistent concerns over Europe's finances hurt the euro and weighed on stock markets, while supply upsets in major producer South Africa ...Gold Prices Spike on Greek Res […]
- Gold, oil prices climb amid Mideast tension - Columbus DispatchColumbus DispatchGold, oil prices climb amid Mideast tensionColumbus DispatchGold advanced the most in more than three weeks yesterday as agreement on a bailout for Greece boosted prospects for raw-material use, and as political tension in the Middle East increased demand for a haven. Gold futures for April ended the day at ...Gold steady as market grows war […]
- Higher Oil, gold prices boost TSX - Ottawa CitizenHigher Oil, gold prices boost TSXOttawa CitizenWhile the Dow dropped in later trading, Canada's benchmark stock index held on to its gains, thanks to jumps in the prices of oil and gold. The S&P/TSX composite index closed the day at a five-month high of 12623.36, up 165.06 points, or 1.32%. […]
- Higher oil, gold prices boost TSX - Victoria Times Colonist


