NEW YORK/LONDON (Reuters) - Gold prices ran above $1,060 an ounce on Monday as robust U.S. economic data boosted risk appetite and pressured the dollar, enhancing the metal's appeal as a hedge against a falling greenback. [read full story]
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AFP - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.
The naysayers have said gold was ready to fall at every step of its upward march toward $1,100. Most of the gold-mining companies delivered lukewarm results last year, quite simply because the price of gold wasn't high enough...
The rising price of gold, which nearly reached $1,100 an ounce on Friday, has renewed the interest of central banks around the world Published on Friday, Nov. 06, 2009 7:25PM EST India's massive purchase of 200 tonnes of gold...
Saturday November 7, 2009, 6:40 am The price of gold hit a record high above $US1100 ($A1207) an ounce in trading on Friday following a report that Sri Lanka had joined India in buying the precious metal in favour of US...
It takes a long time to buy useful quantities of gold in the 'open' market. It has taken Russia over 3 years to buy 180 tonnes there. We imagine that they set price limits on their buying. This meant they bought more in one...
The price of gold hit a record high above $1,100 an ounce in London today following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US dollar. 'The Central Bank of Sri Lanka has...
LONDON, November 6, 2009 (AFP) - The price of gold hit a record high above 1,100 dollars an ounce in trading here on Friday following a report that Sri Lanka had joined India in purchasing the precious metal in favour of the US...
Ominous Financial Future for America Thursday, November 5, 2009. Traders don’t want to be left out of profits, even if it means a little denial about what’s happening long term to the dollar, and by its association with the...
India has purchased 200 tons of gold from the International Monetary Fund to diversify its foreign exchange reserves. From New Delhi, Anjana Pasricha reports the deal means that India's Central bank now has the tenth largest...
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