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Weekly Market Wrap: 7/30/10
Economic growth slumps in the second quarter. Gold miners set record revenues and profits on all-time highs in the price of gold.
30 July 2010 | 5:55 pm
What Is Wrong With Gold?
Despite its historic and symbolic appeal, this metal is simply a commodity. Here we explore its meaning as an investment.
30 July 2010 | 9:21 am
Dollar plumbs 2010 low against yen
The dollar sank to a 2010 low against the yen on Friday but firmed against the euro amid concern over the prospects for the world's top economy as investors await key US growth data.
30 July 2010 | 6:07 am
Why Deflation Fears Are Overblown
Debt-addicted Washington sees bailout in higher prices.
30 July 2010 | 12:08 am
Is gold dealer using fear to steer buyers into more expensive purchases?
Southern California authorities are probing the sales tactics of Santa Monica's Goldline International, a key sponsor of Fox News host Glenn Beck. Standing amid the shiny bling and baubles in his shop in Los Angeles' jewelry district, David Malek said he knows perfectly well why some people have been pouring money into gold. In a word, fear.
29 July 2010 | 6:10 pm
Gold Rally Fades with Western Investment & Euro-Correlation, But Indian & Chinese Buying "Strong"
THE PRICE OF GOLD reversed a 1.0% rally Thursday lunchtime in London , dropping back to $1161 an ounce as European equities rose, commodity markets trod water, and the US Dollar slipped to new multi-month lows.
29 July 2010 | 8:29 am
Barrick Gold boosts dividend 20 per cent after hitting record Q2 profit
TORONTO - Barrick Gold Corp. (TSX:ABX), the world's largest gold producer, has raised its dividend 20 per cent on a bullish outlook for the price of gold as it reported a record second-quarter profit.
29 July 2010 | 7:28 am
Gold Stuck at 3-Month Low After "Weak Long Liquidation" & "Technical Sell-Off"
THE PRICE OF GOLD held near 3-month lows against all the world's major currencies on Wednesday in London , recovering little of yesterday's 2.2% drop.
28 July 2010 | 8:30 am
Domestic gold price half a million VND per tael higher than world price
Nhan Dan Online – After the sharp reduction in the world price of gold, the domestic price of gold dropped to VND 27.7 million per tael this morning, down by VND 290,000 compared to yesterday.
28 July 2010 | 5:06 am
Gold & Dollar Slip, Silver Gains with Stocks & Commodities
THE PRICE OF GOLD slipped back below $1185 an ounce in London trade on Tuesday morning, holding above yesterday's 1-week closing low but remaining "directionless" according to one Chinese dealer.
27 July 2010 | 8:15 am