Monthly Archives: October 2009

By Pham-Duy Nguyen Oct. 19 (Bloomberg) — Gold’s rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak. While gold rose 19 percent this year to $1,072 an ounce on Oct. 14, consumer prices almost … Continue reading →

What’s happening to the dollar? That’s the question dominating the world’s financial markets. Last week the US currency fell, on a trade-weighted basis, to a fresh 14-month low. The dollar’s decline is now gaining momentum. By Liam Halligan Published: 7:22PM … Continue reading →

By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, … Continue reading →

By Pham-Duy Nguyen and Nicholas Larkin Oct. 13 (Bloomberg) — Gold futures rose to a record as the slumping dollar spurred demand for the precious metal as an alternative asset. The metal is on course for a ninth straight annual … Continue reading →

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings … Continue reading →

NEW YORK, Oct 8, 2009 (Reuters) – U.S. gold futures rose torecord highs for a third straight day on Thursday as a bearishoutlook for the U.S. currency prompted investors to buy themetal as a hedge against losses in dollar-denominated assets. … Continue reading →

Source:  U.S. Mint News Blog Posted: 08 Oct 2009 02:31 PM PDT 2009 American Gold Eagles While collectors seem to have been most disappointed by the cancellation of the collectible Silver Eagle products, the collectible 2009 Gold Eagles will be … Continue reading →

Oct. 7, 2009, 1:57 p.m. EDT NEW YORK (MarketWatch) — Gold futures soared to a record high just below $1,050 an ounce Wednesday, as investment demand rose and as the U.S. dollar remained relatively weak. Holdings in the SPDR Gold … Continue reading →

In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading By Robert Fisk Tuesday, 6 October 2009 In the most profound … Continue reading →

Melinda Peer10.06.09, 05:30 PM EDT Gold set a new record, and analysts expect it to set a few more as the dollar falters. Gold hit fresh highs on Tuesday as it continued to take its cues from a weak U.S. … Continue reading →