Dollar Damage Extends on Earnings, Jobs, FX Confidence
Posted November 5, 2007
Dollar Damage Extends on Earnings, Jobs, FX Confidence
FXStreet.com - Today, however, the rallying gold price is a reflection of further erosion in dollar confidence. Yet we do warn that the current gold rally may have to be reversed to as low as $710 per ounce as the amount of net long positions in the IMM futures
Pakistan, the heart of a global crisis
Times Online - The oil price has risen to $96 a barrel; the gold price has risen above $800 an ounce. That is the world in a nutshell, an international crisis, a credit crisis, an energy crisis and a dollar crisis. On Saturday, as well as watching Arsenal s
Centerra Gold Reports Third Quarter Earnings Before Unusual Items of
Earthtimes - Lower net earnings for the first nine months resulted primarily from the unusual items and lower gold production and sales volumes, which were partially offset by a higher realized gold price. During the first nine months gold production was lower
Festival demand pushes gold prices to new peak
Daily News and Analysis - On Diwali day last year, the gold price stood at Rs 8,975 per ten gram. Besides festival demand, a sharp surge in international prices has also added to the rally in the domestic markets. The gold prices in New York touched a 28-year high of 808.5
Newmont CEO sees gold higher, maybe more M&A
Reuters - NEW YORK (Reuters) - The head of Newmont Mining Corp (NEM.N: Quote , Profile , Research ), the world’s second-largest gold producer, said on Thursday he expects the gold price to rise even higher. “It still has room to run,” President and Chief
Gold off 28-year high, but holds above $800
Reuters India - This will automatically support the gold price. There’s a strong intention from the Chinese government to sell dollar,” he said. China holds 600 tonnes of gold in its reserves, according to the World Gold Council. AngloGold Ashanti Ltd shut one of its
Gold, Silver Futures Climb as Dollar Declines Against Euro
Bloomberg - We look for interest rates to be the biggest driver for the gold price,'’ said Tom Winmill, president of Midas Management Corp. in New York. “When financial assets are devaluing, hard assets are the place to be.'’ Lower energy expenses
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