Business in Brief
Buenos Aires Herald - NEW YORK Goldman Sachs yesterday raised its three-month gold price forecast to US$775 an ounce from US$700 an ounce, largely based on the further weakening of the US dollar. “We believe that gold continues to gain support from the structural

Gold prices touch fresh peak of Rs13,791
DAWN Group - He anticipated that the gold price may cross the $750 per ounce mark in near future in case the above cited factors continued weighing in. However, he claimed that fine gold rates in Pakistan were still lower by Rs300-350 per tola, while gold tezabi

JSE claws into the black
Sunday Times South Africa - We are up and it is all on the commodities side, because the US dollar is under pressure, and gold is up at a new high level The JSE managed to claw back into positive territory by midday on Friday as a firmer gold price lifted commodity stocks. An I

UPDATE 3-Gold hits 28-year high as dollar struggles
Reuters UK - As we approach the end of this year, the gold price will follow oil and reach $800,” said Yukuji Sonoda, precious metals analyst at Daiichi Commodities in Tokyo. Fundamentals looked strong, with gold miners globally reducing their hedges, the United

Gold touches 27 year high
AME Info - their highest level since 1980 yesterday, Friday, before profit-booking forced a retreat, reported Reuters. Spot gold was at $732.5 an ounce late on Friday in New York after having reached $739 in Europe earlier in the day. The run on the gold price

Gold hits 28-year high on dollar weakness
Financial Times - Higher oil prices also contributed to the gold price increase as some investors consider bullion as a hedge against inflation. Gold prices in the Comex futures market in New York earlier reached a 28-year high of $738.3 an ounce. Gold traders said

Harmony to announce R1,4bn-plus debt raising ‘imminently’
Mining Weekly Online - Briggs said that the ground regained had not all been on the back of a soaring gold price. Investors see that there is value in our stock, so they buy, he said. They saw that there had been a lot of overselling. Briggs added that he had