Gold is enjoying an incredible year, surging 22 percent as the S&P 500 is barely positive. What's rare is for the yellow metal to outperform the market so dramatically in a year when stocks are up.
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Chris Ratcliffe/BloombergGold hasn't seen US$1,300 since January 2015, and has risen by 24 per cent in 2016, demonstrating rather succinctly the relationship between TSX Venture performance and that of the precious metals.
We are currently in an unprecedented gold rush, where investors in record numbers are scrambling to buy gold in every variety.
The foreword tells us that this is a time of change for the gold industry but stresses the importance of gold in the global economy.
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Foreign Ministry Director- General Dore Gold will travel to Berlin on Tuesday for a political dialogue with his German counterparts taking place just days after a report in Der Spiegel said there were significant voices in Germany's foreign policy ...
In our last article we looked for another top-side entry in the Gold market. As we had just printed an evening star formation on the daily chart while still remaining constrained within the prior area of congestion, it was likely wise to wait for ...
Prices of silver also rose strongly in line with gold. Spot silver rose to an intra-day high of $US17.936 a troy ounce, before edging down to $US17.88 a ounce, 0.4 per cent higher than the previous close.
MUMBAI: Riding high on renewed buying frenzy, gold prices on Monday shot up to hit the psychological Rs 30,000 level, a fresh two-year high at the bullion hub here.
This year's field of chefs competing at Gold Medal Plates Ottawa will include four previous Ottawa medalists and five newcomers to the annual competition that raises funds for Canada's Olympic athletes.
John Herrmann, rates strategist at Mitsubishi UFJ, talks about gold breaking above $1,300 an ounce and what it says about uncertainty in the global economy.
Gold prices hit a 15-month high Monday, with June Comex gold futures breaching above the $1,300 level before falling back to current levels around $1,292.50 an ounce.
gold coin sales tax With the global economy experiencing troubling times recently, and gold prices being on the low end and steadily rising, now may be as good a time as ever to hedge your capital with this precious metal.