Tag: gold

• Friday, April 29th 2011 - 05:21 UTC

  Oil soars to its highest in 31 months and US dollar plunges to three year low

  

  United States crude oil futures rose Thursday to hit a 31-month high settlement after a volatile trading session while the US dollar fell to a three-year low against major currencies following on the Federal Reserve's intention to keep interest rates near zero.

• Monday, April 25th 2011 - 07:07 UTC

  Gold and silver soar to new highs pushed by weak dollar and inflation

  

  Gold advanced to a record, set for the best run since November 2006 after rising for nine days, as investors sought to protect their wealth against a weaker dollar, faster inflation and geopolitical tension in the Middle East. Silver climbed to a 31-year high.

• Monday, February 21st 2011 - 17:25 UTC

  Gold above 1.400 USD and silver at 30 year record as investors take refuge

  

  Gold climbed above 1,400 US dollars an ounce to the highest price in almost seven weeks in London as unrest in the Middle East and North Africa spreads. Silver reached a 30-year high and palladium advanced.

• Thursday, February 17th 2011 - 22:54 UTC

  Gold, silver, platinum soar on fears of growing inflation

  

  Gold rose Thursday to a one-month high as rising consumer prices in United States and the UK boosted investor demand for an inflation hedge. Silver touched a 30-year high.

• Thursday, January 6th 2011 - 11:56 UTC

  Gold forecasted to break above 1.500 USD in 2011 after 29% rise in 2010

  

  Gold closed 2010 with its strongest annual performance since 2007 and marking a fifth straight month of gains in December, driven by a weaker dollar and global economic uncertainty.

• Tuesday, November 9th 2010 - 12:43 UTC

  Gold soars to new record; up 7% in the last week, 29% in 2010

  

  The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

• Monday, November 8th 2010 - 15:48 UTC

  World Bank chief calls for a return to the gold standard

  

  World Bank President Robert Zoellick has called on bickering G-20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.

• Thursday, October 14th 2010 - 05:37 UTC

  Gold hits a new record as investors seek protection against sinking US dollar

  

  World stocks jumped to a six-month high, gold hit another record, and the dollar weakened on Wednesday on expectations that the US Federal Reserve will further loosen monetary policy, boosting risk appetite.

• Wednesday, September 29th 2010 - 01:14 UTC

  Argentina gold production up 21% this year estimated to reach 2.05 million ounces

  

  Argentina’s gold production will rise by about 21% in 2010 from a year earlier, Mining Secretary Jorge Mayoral announced in Buenos Aires.

• Thursday, September 16th 2010 - 02:36 UTC

  Gold surges to a new all time high of 1.274,75 per ounce

  

  The gold price surged to a new all-time high on Wednesday driven by a weaker dollar and its safe haven appeal. The precious metal was up almost 2% at $1,274.75 per ounce, surpassing the previous record of $1,265.30 struck on June 21.