A leading fund manager has recently said that investors may be better off buying oil than gold. Trevor Greetham stated this when speaking to the British newspaper, the Daily Telegraph. Mr Greetham, the portfolio manager of Fidelity’s multi-asset funds, told the Telegraph that gold performed best at times when the dollar is weak and worldwide [...]
Posted in Featured Post, Gold Bullion 
Tags: asset funds, daily telegraph, Gold, gold bullion, gold price, investors, manager, Oil, personal finance, price 
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According to the World Gold Council’s (WGC) most recent annual report, China is set to overtake India to become the largest market for gold in the world this year, due to increasing investment purchases of bullion, and rising sales of jewellery. Last year, gold sales to China rose by 20% from the year before to [...]
Posted in Featured Post, Gold Bullion Tags: Asian news, China, Demand, Gold, gold bullion, gold demand trends, India, jewellery, market, Overtake, south asian nation, wealthy citizens, world gold council No Comments »
A haul of silver and gold coins, which was salvaged from a sunken Spanish galleon, has arrived in Spain following half-a-decade of legal ownership disputes. In 2007, American company Odyssey Marine Exploration discovered the 17 tons of coins in a wreck off Portugal’s Atlantic coast. Odyssey Marine Exploration, which is based in Florida, said that [...]
Gold is likely to hit $2,300 per ounce during 2012, and may even pass the $3,500 an ounce mark within the next three years. This is according to the Chief Executive Officer (CEO) of US gold miner Alacer Gold Corp (Public, TSE:ASR). Ed Dowling told Bloomberg that concerns regarding sovereign debt, as well as higher [...]
Posted in Featured Post, Gold Bullion Tags: anatolia minerals, China, Finance, Gold, gold bullion, gold price, investor demand, investors, market, Miner, price waterhouse coopers, stock markets, us economy, Year No Comments »
Prices of gold could climb to a level as high as US$2500 per ounce in the coming years, according to the head of Newcrest Mining (Public, ASX:NCM), the largest gold miner which is based in Australia. According to recent news reports, Newcrest’s managing director, Greg Robinson, has also estimated that the precious metal will trade [...]
Posted in Featured Post, Gold Bullion Tags: australia, figure, Gold, gold bullion, gold prices, level, Miner, mining club, papua new guinea, political unrest No Comments »
Randgold Resources (Public, LON:RRS), the gold mining group, has doubled its dividend following a huge increase in its profits in the year up to December 2011 – they went up by 234% from the year before. The Africa-focused mining group’s surge in profits saw a rise from its 2010 pre-tax profit figure of $145.2m to [...]
Highland Gold (Public, LON:HGM), the precious metals company which is part owned by the owner of Chelsea Football Club, Russian billionaire Roman Abramovich, has revealed that it missed its production target for 2011. The news caused the company’s shares to fall by 5%. The Russian-focussed gold miner has stated that through the course of 2011, [...]
Gold demand in India, the biggest consumer of bullion in the world, emerged again at the beginning of this year, as consumers in the nation began purchasing the metal for weddings, at a time when prices of the yellow metal are falling in the country’s local market due to the strength of the rupee. Harvesting [...]
Posted in Featured Post, Gold Bullion Tags: curbs, Demand, Gold, gold bullion, gold demand, price, rupee, Strength, time, worldwide stage No Comments »
Markets remained nervy during today’s trading, as the wait for a debt deal in the troubled nation of Greece goes on. Gold investors have been notably nervous because of the fact that Greece is still trying to secure a second financial bailout. Gold for April delivery closed down by $17.10 at the end of Wednesday [...]
Posted in Featured Post, Gold Bullion Tags: austerity measures, Deal, debt, Finance, financial bailout, Gold, greece, greek economy, investors, mining, personal finance, us dollar index No Comments »
Gold is predicted to hit a new record level above the $2,000 mark during this year, or early next year. But the new peak is expected to come as the precious metal comes towards the end of a decade-long bull run, according to gold experts. The metals consultancy GFMS believes gold is likely to break [...]
Posted in Featured Post, Gold Bullion Tags: economic backdrop, Finance, global economic crisis, Gold, gold bullion, gold miners, gold price, metal, need, Peak, personal finance, price, price waterhouse coopers, Record, Year No Comments »
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