Monthly Archives: May 2009

By Javier Blas in London Published: March 10 2009 19:25 | Last updated: March 10 2009 19:25 Gold could surge to $2,500 a troy ounce in the next five years because the prospects of either deflation or inflation were “becoming … Continue reading →

Reuters | Fri, 29 May 2009 12:46 Gold on Friday rallied through $970 an ounce for the first time since February in Europe as traders bought the metal as a hedge against weakness in the dollar. Rising oil prices, reports … Continue reading →

29/05/2009 11:52:28 PM *Gold climbs to firmest level since late February * Dollar hits 5-month lows vs basket of currencies * Oil prices hit new 6-month peak By Jan Harvey LONDON, May 29 (Reuters) – Gold jumped to a new … Continue reading →

Thu May 28, 2009 10:38am EDT NEW YORK, May 28 (Reuters) – U.S. gold futures turnedhigher on Thursday, supported by a combination of a weakeneddollar, inflation concerns and background support fromsimmering geopolitical tensions. For the latest detailed report, click on … Continue reading →

In its May 21, 2009 report to clients, the bank wrote:  “Gold has long been used as a hedge in times of heightened geopolitical instability, rising trade protectionism, 0% central bank target rates, and both inflation and deflation. So, when … Continue reading →

By Chen Shiyin and Bernard Lo May 27 (Bloomberg) — The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. Prices may increase at … Continue reading →

By Glenys Sim May 26 (Bloomberg) — Gold may target a record $1,250 an ounce as a continuation head-and-shoulders pattern may be forming within a longer-term trend, Standard Bank Group Ltd. said, citing trading patterns. A break and close above … Continue reading →

By Matthew Benjamin May 26 (Bloomberg) — Americans may have to get used to unemployment greater than 8 percent for the first time since 1983 and an economy that won’t grow much beyond 2 percent as a consequence of the … Continue reading →

By Moming Zhou, MarketWatch May 22, 2009, 10:09 a.m. EST NEW YORK (MarketWatch) — Gold futures rose Friday for a fourth-straight session, briefly topping the $960-an-ounce mark for the first time in nearly two months as the U.S. dollar weakened … Continue reading →

May 21, 2009, 11:48 a.m. EST NEW YORK (MarketWatch) — Gold futures on Thursday flirted with two-month highs after another round of weak economic data added to bullion’s appeal against riskier assets. “Today’s U.S. reports helped to confirm that the … Continue reading →