News Tag: gold
January 22, 2010
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, ...
Beware the TV gold scammers, warns Which?
by David Masters
January 3, 2010
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 ...
FTSE 100 adds 22% in 2009
by Kay Murchie
December 6, 2009
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 ...
Dollar strengthens, price of gold falls
by Kay Murchie
December 2, 2009
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 ...
Gold continues to soar on back of weak dollar
by Kay Murchie
November 26, 2009
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 ...
US dollar continues to be a turn off for investors
by Kay Murchie
November 23, 2009
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 ...
Gold soars to all-time high
by Kay Murchie
November 16, 2009
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 ...
Soaring gold prices sends FTSE to 2009 high
by Kay Murchie
November 10, 2009
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 ...
G20 agreement sees shares rise
by Kay Murchie
November 9, 2009
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 ...
Weak US dollar continues to push up price of gold
by Kay Murchie
October 8, 2009
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 ...
Gold continues to rise as dollar falls
by Kay Murchie
September 8, 2009
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 ...
Price of gold hits 6-month high of $1,000
by Kay Murchie
May 27, 2009
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 ...
Pawnbroker profits from recession
by David Masters
March 30, 2009
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 ...
Investors choose property as cash becomes a ‘liability’
by David Masters
February 17, 2009
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, ...