GOLD

Chinese gold demand could rise over 22 percent in the next three years and sharply outpace domestic production, the head of the country's largest state-owned gold miner China National Gold Group said on Thursday, signalling room for a strong ramp up in imports.

Dollar Gold Prices hit a three-week high of $1528 per ounce on Wednesday morning in London, while commodities - like global stock markets - failed to add much to the gains they made Tuesday after Goldman Sachs issued a bullish note on natural resources.

Gold rose to a record high for the third consecutive session on Wednesday as deepening concern over Europe's sovereign debt crisis spurred demand for the metal as a safe haven investment.

Gold Prices at Tuesday morning's London Fix hit record Euro and Pound Sterling highs - €1078.85 and £942.22 per ounce respectively. The US Dollar ticked lower after a Federal Reserve official suggested monetary policy may remain loose for an extended period.

The solid demand for gold is not supported just by private individuals and panicky investors, but countries like China, India and Russia are ramping up investment in the yellow metal.

Gold Prices broke back above $1500 on Friday morning, only to fall back to $1488 per ounce in early New York trading.

In March 2010, we predicted that gold demand in China would double by 2020, however, we believe that this doubling may in fact be achieved sooner. Increasing prosperity in the world's most populous country coupled with their high affinity for gold will serve to drive demand in the long-term.

Spot Gold prices rallied against all major currencies on Wednesday morning, hitting $1491 per ounce and rising 1.2% from yesterday's eight-day low as stock and commodity markets also gained.

U.S. Dollar Gold Prices continued on Monday morning where they'd left off on Friday, zigzagging around $1495 while global stock markets fell along with major industrial commodities oil and copper.

The Dollar price of Gold on wholesale markets continued to rally Friday morning, rising as high as $1516 per ounce - less than 4% off this month's all-time high - before slipping back, while stock and commodity markets recovered some of Thursday's losses.

This correction is a harsh reality check for those of us (myself included) who purchased substantial amounts of metal at much higher levels. That said, it's time to put our game faces back on and think about this logically, now that a lot of the emotion has been sucked out of the market. The good news is that times like these create the best opportunities.

Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.

Governments, or nowadays central banks, are traditionally the largest holders of gold. And for most of the past two decades, central banks have been net sellers of gold. But since 2010, central banks are net buyers again, because central banks of emerging market economies are aiming to diversify their ever growing currency reserves and reach a similar level in gold reserves as the club of old industrial economies.

Spot Gold prices rose for the second day running in London on Tuesday, reclaiming half of last week's 7% drop from the all-time Dollar high as world stock markets rallied again with commodity prices.

The Silver Price rallied to $38.00 at Monday's London Fix – rising over 11% from Friday lunchtime's Fix – before also slipping back to trade 26% below late April's 3-decade record.

Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.

The silver price in US dollars experienced a very sharp fall back of over 30 percent within 4 days. The main trigger were extremely rare and aggressive margin hikes for COMEX futures, which helped to eliminate a large chunk of speculative positions on the metal.

Commodity prices fell once again, and Silver Bullion sank for the fourth day in succession, losing 22.5% against the Dollar since Thursday last week - the sharpest plunge since April 1987.

The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.

Backing money with gold isn't the problem for the legion of policy-makers and economists running the official monetary system. Raising interest rates is.

The runaway rise in gold prices is here to stay. And that is not just bad news to the U.S. economy. A sustained gold and oil boom indicates that the dollar is slipping into grave danger and the economy closer to collapse.

Seems you can't keep a safe haven down. Not when retained wealth worldwide needs to escape money-printing and zero rates at home. What options are left to anxious savers? What choice but the Euro is still open to the Swiss National Bank...?

Spot Gold slumped 1.4% lunchtime Friday in London, falling back from its highest-ever monthly close as the Dollar jumped on news of stronger-than-expected US jobs hiring in March.

[Investors] don't believe in the gold story anymore, declared Kevin Norrish of Barclays Capital on Wednesday, announcing the bank's latest commodity investment survey of institutional players. Not one single respondent chose Gold Bullion as the likely best performer in 2011, Norrish said.

Gold prices jumped vs. a falling Dollar at the start of Asian trade on Monday, hitting near-two-week highs for US investors as crude oil also leapt following the weekend's joint UN air strikes on Libya.

Gold Investment is most commonly associated with gold bullion coins, and there are very good reasons for that. The best and most widely circulated coins are 90 to 99.99 percent one ounce gold coins, with the 5 main coins listed in this article. The pioneer bullion coin and best known one is the South African Krugerrand.

A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.

Beginning investors will find thorough guidelines for making good decisions in this guide to private gold ownership. Emphasis is placed on the asset-preservation qualities of gold at a time when investor uncertainty about the economy and recent investment scandals have led many to seek asset diversification. The economic and political trends driving gold marketing are detailed, as are the reasons why gold plays an important role in millions of investment portfolios worldwide-as both a hedge and ...

Chesapeake Gold expects to take on a partner for its massive Metates gold project or even sell it outright, its CEO said, adding that he's already heard from several interested parties.