Gold industry upbeat despite consumer slump
Global economic uncertainty will fuel the current surge in investment demand for gold, even as record prices force a slump in the jewellery market, the World Gold Council (WGC) said Thursday.
Gold up 1 pct as Europe debt worries linger
Gold prices gained nearly 1 percent on Monday after Greece’s politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone’s debt crisis supported safe-haven demand in bullion.
Gold recovers on weaker dollar, bargain-hunting
Gold futures on the COMEX Division of the New York Mercantile Exchange rebounded on Friday,ending a four-session losing streak, as weaker dollar increased the appeal of gold as an alternative asset. The recent price drop also encouraged bargain hunters to re-enter.
Gold retreats amid dollar strengthening
CHICAGO (Xinhua) — Gold futures on the COMEX Division of the New York Mercantile Exchange retreated on Tuesday, as the rising U.S. dollars reduced appeal of the precious metal as an alternative investment. The most active gold contract for December delivery declined 3. 6 U.S. dollars, or 0.2 percent, to 1,873.3 dollars per ounce after [...]
Consumers Turning to Gold-Cash.com In Tough Economic Times
With the economy continuing to stall, more and more consumers are finding a fast and easy way to make extra cash. Whether it’s a class ring gathering dust in an old jewelry box or a set of cuff-links that have not been worn in years, consumers are finding that with gold prices at an all-time [...]
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