Monthly Archives: December 2009

By John Glover Dec. 22 (Bloomberg) — Investors who bought gold or commodities at the beginning of the decade should have tripled their money by the time the ball drops in New York’s Times Square on Dec. 31. Stock holders … Continue reading →

By The Associated Press 12/21/09 – 10:13 AM EST MOSCOW (AP) — Russia’s Finance Ministry has sold 30 metric tons of gold to the country’s Central Bank for $1 billion, an official said Monday, saying the cash will be use … Continue reading →

Conditions for gold rally could crush other assets By V. Phani Kumar & Myra P. Saefong, MarketWatchDec. 18, 2009, 10:06 a.m. EST HONG KONG (MarketWatch) — Several analysts predict a rise in gold prices to dizzying heights in the next … Continue reading →

By Ambrose Evans-Pritchard Published: 7:12PM GMT 15 Dec 2009 The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the … Continue reading →

–Written by Alix Steel in New York. 12/16/09 – 09:57 AM EST  Inflation worries shook markets after the producer price index jumped 1.8% in November. During times of inflation, the U.S. dollar loses value and investors buy gold as an … Continue reading →

LONDON -  “The United States Mint has depleted its inventory of 2009 American Buffalo One Ounce Gold Bullion Coins. … No additional inventory will be made available. As additional information becomes available regarding 2010-dated American Buffalo One Once Gold Bullion Coins, … Continue reading →

By Chikako Mogi SHANGHAI, Dec 2 (Reuters) – Gold’s successive run-ups to record highs are underpinned by hopes for central banks to further diversify reserves, particularly China’s, a topic set to dominate a two-day industry gathering in Shanghai from Thursday. … Continue reading →

Precious metal continues record run on dollar weakness. By Hibah Yousuf, CNNMoney.com staff reporter Last Updated: December 2, 2009: 3:58 PM ET NEW YORK (CNNMoney.com) — Gold prices closed at a fresh record high above a $1,200 an ounce Wednesday, … Continue reading →

By Moming Zhou & Polya Lesova, MarketWatch NEW YORK (MarketWatch) — Gold futures climbed to a fresh record above $1,200 an ounce Tuesday, as the dollar weakened and as the world’s largest gold miner eliminated all of its gold hedges, … Continue reading →

Dec 1, 2009 NEW YORK – A LOSS of investor confidence due to the Dubai debt crisis could prove ‘disastrous’ for the global economic recovery, even though potential losses are modest, Moody’s ratings agency said on Monday. The Dubai government … Continue reading →