With 2015 coming to an end and with it another year of negative growth for gold prices, we look to the new year ahead and ask what is the gold price forecast for 2016. We’ve rounded up the predictions of leading gold analysts of what they think will happen to the price of gold in …
A Formula for $12,000 Gold
From The Daily Reckoning: “The historical average for the gold coverage ratio,” Minerd writes, “is roughly 40%, meaning that the current price of gold would have to more than double to reach the average.” It gets better: “The gold coverage ratio has risen above 100% twice during 20th century,” most recently at gold’s 1980 peak. …
Gold news for 26 March 2012
Gold prices hit a one-week high on Monday before paring gains to trade near the previous closing price, with investors closely watching the oil and currency markets for trading cues. Bullion prices posted the biggest one-day rise so far this month on Friday, reflecting higher oil prices and a sharp fall in the dollar as …
Gold news for 24 March 2012
Gold fell to new 10-week lows following further troubling signs of an economic slowdown in China. HSBC/Markit Flash manufacturing PMI fell to a 4-month low of 48.1 in Mar, tempering expectations that China will experience a “soft landing”. Given China’s voracious appetite for commodities, heightened growth risks tend to weigh on the complex. While gold …
Gold news for 23 March 2012
Gold climbed on Friday, helped by an advancing euro, but still looked set to end the week on a flat footing as patchy consumer demand weighed and increasing optimism about the economic outlook dampened investor appetite for the metal. Global equities drifted lower on Friday, having touched eight-month peaks earlier in the week, and were …
Gold news for 21 March 2012
After dropping nearly 1 percent in the previous session, gold prices increase on Wednesday. A weaker dollar came to the aid of buyers, while slow physical demand and an improving U.S. economic outlook capped gains. The latest U.S. housing market data added to a string of numbers signifying steady recovery in the world’s largest economy, …
Gold News for 19 Mar 2012
Miramar’s main asset is an enormous gold area in the Hope Bay area of Canada’s Nanavut territory where the total supply size may be in excess of 10 million ounces. Newmont announced on Wednesday that they were going to get Canadian Gold Miner Miramar for $1.53 billion dollars. At $1.53 billion dollars, Newmont is roughly …
Gold price reaches $1900 an ounce
Gold price reached $1900 an ounce, 23 August, before dipping back bel0w the new record.
Gold breaks new record at $1800
Gold has broken through amother record this week, trading over $1800 an ounce on Thursday 11 August 2011. Continued Eurozone debt concerns and the possibility of more quantitative easing in the US drove the new record.
Gold price tops $1,700
The price of gold topped $1,700 for the first time, monday 8 August 2011. The gold price rose as stock markets around the world fell after the U.S. lost its AAA credit rating.
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