The ability to effectively trade gold is a strategic asset in uncertain times
China’s gold production booms in spite of a substantially lower demand for jewellery, bars and coins.
If guilty, the five major institutions could be sued in SA for deals done locally
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Investors drew away from the yellow metal after Fed Reserve chairman Janet Yellen confirmed that tapering in the US would continue to be gradual.
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The gold price hovered near a three-week high as investors weighed up Asian demand against overall slowing investment.
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Analysts have warned against too much optimism, saying investors turn to the metal when they are worried about the dollar.
Gold climbed to a one-week high in London as a bigger-than-estimated increase in China’s inflation and lower prices spurred demand for the metal.
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/ 19 September 2011
As markets fluctuate in the wake of the world’s greatest economic turmoil since the Great Depression, investors are frantically seeking a safe haven.
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/ 15 September 2011
Although prices might first encounter a soft patch, gold could rally through the $2 000 per ounce level by year end.
The euro hit a 16-month high point against the dollar and the gold price also reached a record on Thursday ahead of United States growth data.