China, the second largest importer of gold, after India, is seeking to expand its take on gold: according to Bloomberg, the state owned company China National Gold Group Corp. is seeking to expand its investments in Africa in gold mining. The…
Category: Gold
Weekly outlook for May 30 to June 3
Here is an economic news calendar for the week of May 30th to June 3rd that highlights the main news items and reports related to US, Canada, Australia and Europe. (all times GMT): Monday 30th of May 13:30– Canada GDP…
Gold and Silver keep on rising – weekly recap 23-27 May
The precious metals continued their rally during last week as silver and gold prices inclined for the second straight week; as a result, gold prices reached by the weekend within 1.2% from its price level at the beginning of May.…
Gold and silver finished the week rising –May 27
The week ended with major commodities rising including gold and silver prices as well as crude oil prices. Here is a summary of the main price changes in energy commodities and precious metals for May 27th: Precious Metals prices: Gold…
Gold & Silver Price – Daily Outlook 27 May
The last day of the week is upon us, and currently gold and silver prices are traded up. Will this rally last? Let’s examine the news related to these precious metals for today, May 27th: Gold and silver prices –…
Is gold a good investment in 2011 (so far)?
How did gold do during 2011 compared to other investments such as the S&P500? Let’s examine this matter as we are nearing the half year mark: Many seek out to invest in precious metals, mainly gold, in order to hedge…
Gold, silver and oil shifted direction and fell yesterday –May 26
The rally of major commodities in the past couple of days has come to a stop as crude oil, gold and silver declined yesterday. for the second straight day including crude oil, gold and silver. Here is a summary of…
US initial claims increased last week May 26
Today’s U.S. jobless claims weekly report was published and showed an increase in initial claims by 10,000 for the week ending on May 21st, and it reached 424,000 claims (seasonally adjusted data); the insured unemployment rate declined by 0.1 percent…
Gold & Silver make a comeback, will it last? – Daily Outlook 26 May
The rapid rises in gold and silver prices in the last few days start to resemble rises that were back in April. Will this recent rally continue in the following days to come or will it dissipate soon? currently gold…
Gold, silver and oil continue their rally – daily recap May 25
The rally of major commodities continued for the second straight day including crude oil, gold and silver. This recent rally is probably stem, in part, by the speculation around the future prices of crude oil and gold, as Goldman Sachs…