From Gold May 23, 2013 05:16 am
China on Wednesday announced it has discovered a gold mine in the Ili Valley in the country's Xinjiang Uygur Autonomous Region. With reserves estimated to be at 53 tonnes, the said discovery could translate to an economic value of $3.2 billion.
From Gold May 20, 2013 11:40 pm
Gold experts continue to see bleaker days ahead for the yellow metal, once considered a safe haven. Ric Deverall of Credit Suisse forecast the price of gold would further dip to $1,100 in 2013 and even plunge more to $1,000 in the next five years.
From Gold May 20, 2013 10:12 am
Gold futures in India are likely to fall past their lowest level in a month, weighed by expectations of a strong dollar, dimming the yellow metal's appeal as an alternative investment.
From Gold May 17, 2013 12:25 pm
Analysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.
From Gold May 17, 2013 05:21 am
Despite the global gold demand trade decelerated in the first quarter of 2013 compared from the year ago, the actual exchange of gold among small-time investors in the Middle East, India, and China was very much alive through jewellery in the same period.
From Gold May 17, 2013 01:32 am
Gold Futures Prices Drop to $1,368.90; Central Banks Add 109.2 Tonnes of Yellow Metal to Reserves in Q1 2013
Gold continued to lost its luster as prices of spot gold futures for June delivery dropped 0.7 per cent and closed on Thursday at $1.386.90 an ounce on the Comex in New York. It is the sixth consecutive prices that the price went down, and the longest slump for the precious metal once considered a safe haven.
From Gold May 14, 2013 04:40 am
When prices of gold fell in India to Rs 27,520 (AU$503.50) per ten grammes, a gold-buying frenzy ensued, giving testament that India prefers buying the safe haven yellow metal gold more on religious holidays.
From Gold May 13, 2013 12:04 pm
The world's top importer of gold posts a 138% increase in gold and silver imports in April.
From Gold May 07, 2013 08:46 am
Gold eased on Tuesday, losing its shine as an alternative investment after stock markets rallied on hopes for a steady U.S. recovery, and as holdings on bullion exchange-traded funds slipped to their lowest in more than three years.
From Gold May 01, 2013 06:46 am
The Dow Jones Industrial Average finished Tuesday with a gain of 21.05 points, or 0.14%, to 14839.80, after falling 84 points earlier in the day. The Standard & Poor's 500-stock index rose 3.96 points, or 0.25%, to 1597.57, a new record high, while the Nasdaq Composite Index gained 21.77 points, or 0.66%, to 3328.79.