Studying the structure of open interest in US Comex Gold Futures and options, it points to more volatility and the risk...is very much to the upside, says O'Connell, concluding that professional traders are looking for a Gold Price of $1500 or even $1600 by the start of April.
The Gold Price in Euros broke fresh all-time highs overnight in Asian trade, hitting more than €34,500 per kilo - some 38% higher in 2010.
U.S. stocks were little changed on Tuesday as investors were reluctant to take large positions in either direction and largely shrugged off weaker-than-expected data on consumer confidence and home prices.
The average price of U.S. gasoline rose above $3 a gallon over the past week, reaching its highest level since October 2008, the Energy Department said on Monday.
The principal transport union in Bolivia, The Drivers' Confederation, has called for an indefinite strike to protest against the government’s decision to sharply raise the price of fuel.
Shares of Tesla Motors fell about 13 percent on Monday, the day the electric carmaker's lock-up period expired, flooding the stock market with shares.
Majority of the retailers in the UK expect sales to worsen in 2011 amid growing concerns over weak consumer demand and inflationary pressures.
The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.
Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.
The Gold Price in Euros has risen more than 38% so far in 2010. The Gold Price in Swiss Francs has also hit record highs. It looks as if the SNB will have to revoke its decision to stop intervening, says Steven Barrow, chief currency strategist at Standard Bank in London today.
The Gold Price touched a 4-session high at $1390 per ounce in early London trade on Tuesday, rising for Euro and UK investors as world stock markets hit new two-year highs.
The world's largest exchange traded gold fund - the New York, Tokyo, Hong Kong and Singapore-listed SPDR Gold Trust - added 15 tonnes to its holdings on Friday, the largest one-day addition since the height of the Greek deficit crisis in May.
Wholesale-market Gold Investment bullion-bar prices slipped back to an overnight low beneath $1380 per ounce Thursday lunchtime in London, trading 0.5% down for the week as world equities crept higher and the US Dollar eased back on the forex market.
China has been on a commodity price-control overdrive in the past few months in a bid to tame inflation, allay fears of shortages and crack down on hoarding and price-gouging. However, the Chinese commodity boom may not last forever and the prices could likely fall, an analyst has said.
Gain Capital Holdings, which operates retail foreign exchange broker FOREX.COM and other related services like contracts-for-difference trading, will debut on the New York Stock Exchange on Wednesday under the symbol GCAP.
Inflation in the U.S. continued to remain weak during November, in line with analysts' expectations, according to a report by the U.S. Labor Department.
Gold Prices slipped to a two-day low in London dealing on Wednesday, dropping 1.5% from yesterday's Dollar high at $1408 per ounce as Asian stock markets closed up to 2% lower and European stocks lost 0.7% on average.
The British pound strengthened on Tuesday on a higher-than-expected inflation reading for November, with the sentiment also supported by a view that the US Federal Reserve may expand its bond buyback program at its monetary policy later in the day, supplying more dollars into the system.
Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
China Unicom, the country's No. 2 mobile operator, has more than halved the monthly subscription of its entry-level 3G mobile package in a bid to increase its customer base.
