Chart of the Day - 3/16/2010 – GOLD
Price action on spot gold, a daily chart of which is shown, has made a swift and pronounced bounce off a long-term uptrend support line. This long-term trendline was falsely breached in early February, but has subsequently been respected since th
Crude Oil, Gold Look to US Fed Rate Decision for Direction
Crude oil, gold and silver may decline if the US Federal Reserve signals that policy makers are getting closer to raising benchmark interest rates at the upcoming FOMC monetary policy announcement.
Gold Prices Lift on Dollar Drop
Gold prices were rising Tuesday as its safe haven asset appeal returned.
Gold Rises on Haven Demand Before Fed Meeting
Gold rose for a second day in London as investors sought a haven before the U.S. Federal Reserve’s interest rate decision and amid speculation about financial aid to Greece.
Gold ticks up on Europe debt worries, gains limited
Gold ticked up on Tuesdayon persistent worries about Europe's debt problems but some
investors were reluctant to take positions ahead of a meeting
of the U.S. Federal Reserve, which could squeeze the dollar.
Fundamental gold value remains up than present price
Following on my comments about the Chinese economy in my last report, I was pleased to see that Chinese exports rose an impressive 45.7% in February, well past expectations, after another strong jump of 86% in January.
Weaker risk appetite flattens the rand
The currency was bid at R7.3857 to the dollar at 5pm, 0.28c more than Friday's close. However, it subsequently fell to R7.43 at 5.30pm.
US gold ends up on credit worry; defies dollar rise
U.S. gold futures ended higher on Monday in the face of a stronger dollar, as sovereign credit worries prompted investors to buy the metal as a safe haven.
Commodity Prices — March 15th 2010
Commodity prices for March 15th 2010.
Gold shines among other commodities
When thinking about pension investment strategies, investing in gold is not something that immediately springs to mind. However, this is something tha...
Gold gains slightly, copper and crude oil decline
Spot Gold prices gained marginally and traded in the positive territory today till 4.15 pm IST, despite the dollar strengthening back. The greenback breached the crucial 80-mark today after closing at 79.81 last Friday.
Gold price to remain around $US1,110/oz
The gold price will remain static, around the historically high $US1,100 per ounce mark, despite the US dollar strengthening, a major global gold producer says.


