Archive for the 'Uncategorized' Category

Rising Gold Prices: Good Sign for the Economy?

Thursday, October 29th, 2009

Gold has put down this week a huge price jump from $ 50 per troy ounce. But why? The demand from the jewelry industry has not increased in any case. A more likely explanation is that the market is still plagued by crisis fears – because if and gold always comes into play. The stock [...]

Gold price rises over $1,000

Tuesday, September 8th, 2009

Gold prices rose above $1,000 per ounce on Tuesday to its highest since March 2008 — suggesting investors are wary of the U.S. dollar’s weakness and expect international interest rates to remain low for some time. Gold is typically bought as an alternative to the dollar among safe-haven assets favored by investors seeking to preserve [...]