Prices have increased by over 30%, favouring gold-producing countries like South Africa, but structural issues are dampening opportunities
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
Investors drew away from the yellow metal after Fed Reserve chairman Janet Yellen confirmed that tapering in the US would continue to be gradual.
The gold price hovered near a three-week high as investors weighed up Asian demand against overall slowing investment.
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.