As interest rates pertaining to the currencies of the world’s largest economic zones have reached almost zero, the status of gold as a refuge when the global economy is in turmoil is beginning to change in the mind of many investors. It is now seen by some as a more risky investment to be considered in the same category as other commodities. Nevertheless there is no broad consensus which is making future price moves harder to predict.
Archive for the ‘Bullion News’ Category
February 25th, 2010
Recent trends between the Euro and Gold Prices
Traditionally investors in gold have used this precious metal as a safe haven at times when risk aversion is at its highest and therefore, fears regarding inflation and the security of the US economy have historically driven its price up. Owing to this it has exhibited a strong inverse relationship with movements in the US dollar on foreign exchange markets until recently when, due to several factors, this longstanding relationship has started to turn on its head.
February 21st, 2010
Weekly contest: Guess gold, get gold!
Enter our gold contest and get a few nuggets of gold!!
Posted in Bullion News, General News, Hot off the press 
Tags: contest, etf, GLD, nugget, prize 
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