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Sunday 20th of June 2010

News Tag: gold

January 22, 2010

Beware the TV gold scammers, warns Which?

by David Masters
Beware the TV gold scammers, warns Which?
TV adverts offering people the chance to sell their unwanted gold by post are paying "shockingly low rates", an investigation by consumer advice group Which? has found. Cash-for-gold firms advertising on TV pay an average of just 6% the new retail value of gold, Which? discovered. CashMyGold gave the lowest quote of all, offering £6.43 for a gold bracelet worth £115, ...



January 3, 2010

FTSE 100 adds 22% in 2009

by Kay Murchie
FTSE 100 adds 22% in 2009
Despite the doom and gloom in 2009, London’s FTSE added 22% over the course of the year - the biggest annual gain since 1997. Similar gains were seen in Europe with Germany's Dax gaining 23% and France's Cac added 22%. The FTSE 100 hit a low point in March 2009 of 3512 but ended 2009 at 5412.88. Companies experiencing strong gains included luxury ...



December 6, 2009

Dollar strengthens, price of gold falls

by Kay Murchie
Dollar strengthens, price of gold falls
The price of gold has ended its run of all-time highs after positive economic US data sent the dollar higher. On Friday, the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October. Figures show that US employers cut the lowest number of jobs during the month ...



December 2, 2009

Gold continues to soar on back of weak dollar

by Kay Murchie
Gold continues to soar on back of weak dollar
The price of gold continues to surge to record highs and has touched $1,201.63 an ounce on the London Bullion Market as the US dollar continues to be a turn off for investors. The rise of the price of gold over recent weeks has been attributed to a weakening US dollar, which typically moves in the opposite direction to ...



November 26, 2009

US dollar continues to be a turn off for investors

by Kay Murchie
US dollar continues to be a turn off for investors
Historically low interest rates in the US is making the dollar unappealing to investors sending the US currency to a 14-year low against the Japanese yen. The greenback has dipped to 86.5 yen - its lowest level since July 7, 1995, due in part to the Federal Reserve indicating that US interest rates will remain low. The US currency ...



November 23, 2009

Gold soars to all-time high

by Kay Murchie
Gold soars to all-time high
The price of gold continues to rise after reaching an all-time high today of $1,167.35 an ounce. Spot gold was bid at $1,165.55 an ounce at 0800 GMT, against $1,148.20 late in New York last Friday. US gold futures for December delivery on the COMEX division of the New York Mercantile Exchange gained $19.20 to $1,166.00 an ounce. Increasing demand from emerging markets has ...



November 16, 2009

Soaring gold prices sends FTSE to 2009 high

by Kay Murchie
Soaring gold prices sends FTSE to 2009 high
London’s FTSE 100 rose to its highest level this year after the price of gold hit a fresh record high today of $1,132.95 an ounce. Increasing demand from emerging markets has been pushing up the price of the precious metal over recent weeks. Furthermore, gold traditionally rises during the October to December period as the run-up to Christmas and ...



November 10, 2009

G20 agreement sees shares rise

by Kay Murchie
G20 agreement sees shares rise
Over the weekend, G20 finance ministers at St Andrews in Fife reached an agreement to maintain financial support until recovery is ensured. The agreement was reached following concerns over rising unemployment and unsteady growth which saw finance ministers from developing and rich countries vow to keep fiscal measures in place until global recovery is assured. The International Monetary Fund (IMF) also believes that ...



November 9, 2009

Weak US dollar continues to push up price of gold

by Kay Murchie
Weak US dollar continues to push up price of gold
A weak US dollar continues to make gold an attractive buy for investors, as well as increasing demand from emerging markets, which is pushing up the price of gold. Furthermore, gold traditionally rises during the October to December period as the run-up to Christmas and the Indian festival of Diwali pushes up demand. The precious metal rose to ...



October 8, 2009

Gold continues to rise as dollar falls

by Kay Murchie
”Gold
The price of gold reached $1,058 (£659.20) an ounce on the London Bullion Market yesterday - its third consecutive day of gains. A weak US dollar continues to make gold an attractive buy for investors, according to analysts. Furthermore, the price of the precious metal could continue to rise if the dollar remains weak. Traditionally, the US dollar moves in the opposite ...



September 8, 2009

Price of gold hits 6-month high of $1,000

by Kay Murchie
”Price
The price of gold, which is seen as an attractive investment in times of inflation, has briefly hit the $1,000 mark - it’s highest level in six months - before slipping back to $999.0 per ounce. Gold has been growing in value for the last 8 years and peaked at $1,032 an ounce in March last year. So far this ...



May 27, 2009

Pawnbroker profits from recession

by David Masters
”Pawnbroker
UK-based pawnbroker Albemarie & Bond (A&B;) has indicated that its full year results for the 12 months ending 30 June will exceed previous projections. The company said pawnbroking has benefited from the higher price of gold, increasing its yield on unredeemed loans. Retail sales are also up compared to last year, and the firm plans to open new stores across the UK. A&B; chairman Greville Nicholls ...



March 30, 2009

Investors choose property as cash becomes a ‘liability’

by David Masters
Investors choose property as cash becomes a 'liability'
Brits would rather invest money in property or stocks and shares than keep it as cash, despite 12 months of falling house prices and a volatile stock market. Research by the Motley Fool found that 30% of UK adults would invest a £50,000 windfall in property. A quarter (26%) would choose shares, whilst 17% would opt for bonds. Fifteen percent said gold ...



February 17, 2009

Gold provides ‘essential insurance’ against financial crises

by David Masters
Gold provides 'essential insurance' against financial crises
As bank shares continue to plummet, the price of gold continues to soar, with prices last week hitting a seven month high of $953.30 per ounce. Former editor of The Times, Lord William Rees-Mogg, expects this trend to continue as investors seek to protect themselves against future shocks in the stock market. "People buy gold when they are nervous about the economy, ...