Monthly Archives: January 2008

South Africa Outages, Economy Push Up Gold

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Jan. 29, 2008 (Investor’s Business Daily delivered by Newstex) — Maybe it’s an anxiety shelter, but gold has investors luminous these days. The yellow metal hit an all-time high of $923.40 an ounce last week, as folks rushed to park … Continue reading

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Capital gold Group Report: GOLD HITS A NEW HISTORIC HIGH ON WEAK DOLLAR

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Mon Jan 28, 2008 5:12 PM GMT By Atul Prakash and Veronica Brown LONDON, Jan 28 (Reuters) – Gold and platinum sailed to record highs on Monday, boosted by dollar weakness and a power crisis in major producer South Africa … Continue reading

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A GRAND FOR GOLD

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Gold prices surge after South Africa closes its mines. by Megan Barnett, Jan 25 2008 Forget about $100 oil. Try $1,000 gold. A national emergency in South Africa has driven the price of an ounce of gold to another new … Continue reading

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GOLD TOPS $900 AS DOLLAR DROPS

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By Pham-Duy Nguyen Jan. 24 (Bloomberg) — Gold topped $900 an ounce in New York for the first time in a week after the dollar dropped against the euro, boosting the appeal of the precious metal as an alternative investment. … Continue reading

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GOLD EXPECTED TO EXCEED HISTORIC HIGH OF $914

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By Atul Prakash LONDON, Jan 23 (Reuters) – Gold pared most of its losses in volatile trade on Wednesday on safe-haven buying and bargain hunting at lower price levels, traders said. Longer-term sentiment remained strong and the metal was expected … Continue reading

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Capital Gold Group Report: Stocks Dive, Then Rebound After Fed Cut

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Investors are pulling out of the market and sitting on piles of cash — but those money markets are earning barely enough interest to offset inflation.  By converting those liquid assets into physical gold, they can protect and preserve the … Continue reading

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GOLD JUMPS BY MORE THAN $10 AS FED CUTS RATES BY 75 BASIS POINTS

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Tue, Jan 22 2008, 14:00 GMT  – FX Street.com LONDON (Thomson Financial) – Gold jumped by more than $10 in the immediate aftermath of an emergency 75 basis point rate cut from the US Federal Reserve, as the central bank … Continue reading

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Capital Gold group Report: Gold’s Rise: It’s Not Just Armageddon

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      By CONRAD DE AENLLE Published: January 19, 2008   THE price of gold has always been a way to keep score of economic, financial and political instability, but the game may be changing. The dollar is weak, … Continue reading

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Capital Gold Group Report: Diversifying Away from a U.S. Recession – Bet on Gold

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January 7, 2008 With more voices adding every day to the chorus predicting the world’s biggest economy will go into a recession, diversifying away from U.S. stocks is a healthy strategy, analysts told CNBC on Monday. Traditional defensive sectors are … Continue reading

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Gold Prices End Erratic Week Higher

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By JACKIE FARWELL – January 18, 2008 NEW YORK (AP) — Gold prices settled slightly higher Friday after an economic stimulus plan announced by President Bush failed to soothe recession worries, boosting the metal’s appeal as a safe investment. Energy … Continue reading

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