India may be the world’s top consumer of gold, with 66% increase in demand in 2010 to 963.1 tonnes, but analysts are urging investors to shore up on the white metal, expecting the gold to silver ratio to further drop. Originally from Mineweb – Daily news headlines
It now looks like we were a little too bullish in the last update, for the way gold has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows. [...]
Gold remained on course for biggest three-day loss in 28 years on Monday as investors fled commodity markets in an attempt to secure cash amid fears of a potential Greek debt default. Originally from Mineweb – Daily news headlines
Australia’s first physical bullion exchange offering an over-the-counter spot market for gold, silver and platinum is set to launch early next month. The Australian Bullion Exchange will make direct bullion ownership available to retail and institutional investors from Oct. 4, the new exchange said Wednesday in a statement. Originally from MarketWatch
While China’s demand for gold is expected to surge to around 25% of global production, the world’s largest producer is also ensuring a huge domestic stockpile of the precious metal. Originally from Mineweb – Daily news headlines
Even BoA Merrill Lynch is now forecasting $2000 gold for this year as the metal price soars as deep-rooted debt problems will take years to work out of the system. Originally from Mineweb – Daily news headlines
India’s investment demand for gold jumped 78% to 108.5 tonnes, while jewellery demand rose 17% in the second quarter till July 2011 to 139.8 tonnes, while in value terms demand rose 70% in India. Originally from Mineweb – Daily news headlines
Talking Points Crude Oil Technical Setup Matches Bullish Cues in S&P 500 Futures Gold Retreats as Risk Appetite Recovers, Silver Outlook Unclear WTI Crude Oil (NY Close): $85.38 // -0.34 // -0.40% Crude is positioned to move higher amid a broad-based pickup in risk appetite, with S&P 500 stock index futures pointingfirmly higher ahead of [...]
Despite the global economic turmoil, diamond and gold jewellery retailers at a jewellery show in India are optimistic about the rest of 2011, stating that the exceptional growth in India’s retail market will continue Originally from Mineweb – Daily news headlines
South Africa’s National Union of Mineworkers said Monday that talks between workers and the country’s main gold diggers had broken down Originally from Mineweb – Daily news headlines
South Africa’s National Union of Mineworkers said Monday that talks between workers and the country’s main gold diggers had broken down Originally from Mineweb – Daily news headlines
Global stock markets are predicted to be heading for a technical breakdown but gold and silver are moving towards a strong increase. Originally from Mineweb – Daily news headlines
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