Tag Archives: gold retirement plans

GOLD ADDS TO RECENT RALLY

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Friday, February 08, 2008 2:46:40 PM – Gold closed higher on Friday in U.S. trading, adding to the gains from the two previous sessions. April gold finished at $922.30 an ounce, up $12.30 on the day. The precious metal reached … Continue reading

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“. . . THE DOLLAR AIN’T WHAT IT USED TO BE . . .” EUROPEANS ALSO BUYING RECORD AMOUNTS OF GOLD WITH THEIR EUROS

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NEW YORK (Reuters) – In the latest example that the U.S. dollar just ain’t what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise. “We had decided … Continue reading

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CITI UPS GOLD FORECAST TO TEST $1,000/oz IN ’08

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NEW YORK, Feb 5 (Reuters) – The price of gold will average $900 an ounce with a test of the historic $1,000 level possible this year based on strong investment buying amid a weak dollar, inflation concerns and safe-haven demand, … Continue reading

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A NEW RECORD HIGH FOR GOLD ON RECESSION WORRIES, WEAK DOLLAR & S. AFRICA POWER SHORTAGES

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Saturday February 2, 12:12 AM   LONDON (AFP) – Gold prices hit a historic 936.92 dollars per ounce on Friday as the yellow metal was boosted by strains in the US economy and weakness of the dollar, analysts said. The … Continue reading

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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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