Japan, which is grappling with the impact of March 11 earthquake and the resultant tsunami, may be pushed towards a recession, an expert told IBTimes.
Gold prices rose for a fifth straight day on Tuesday, driven by safe haven demand amid continued uncertainty in the Middle East and the nuclear crisis in Japan.
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 Bullion prices stalled just above $1400 per ounce for the second day running on Thursday, as crude oil rose sharply amid the near-meltdown at Japan's Fukushima nuclear reactors.
The Gold Price dropped 3% to four-week lows vs. a rising US Dollar on Tuesday morning, as world stock-market and commodity prices sank on worsening radiation leaks from north-east Japan's earthquake-hit nuclear plants.
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.
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.
Japan has launched a next-generation high-speed bullet train dubbed Hayabusa, which can reach 300 km in six minutes flat.
The price of gold may touch $5,000 an ounce in the next 4 to 5 years, California-based Capital Gold Group Inc. says.
Gold Bullion slipped vs. a rebounding Dollar in London on Tuesday, briefly dropping 1.4% from yesterday's new record highs as world stock markets extended their losses.
To honor and celebrate the 100th anniversary of International Women's Day, Reese Witherspoon has collaborated with the Avon Foundation for Women to launch the Empowerment bracelet.
Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.
The dramatic rise in China's interest in silver is evident from the fact that the country imported an unprecedented 14 percent of global silver in 2010, whereas it was net exporter of silver till recently.
Gold rose above $1,430 an ounce on Friday, while silver surged 3 percent to 31-year highs, as soaring oil prices fueled by widening clashes in Libya prompted investors to pile into safe havens.
The Gold Price eased back for Dollar investors on Friday in London, but recovered one third of yesterday's sharp sell-off – and was heading higher for the fifth weekly gain in a row – as official data said US unemployment retreated to 8.9% last month.
Gold and Silver Bullion prices fell sharply London lunchtime on Thursday, bouncing 1.5% and 2.3% below this week's record Dollar highs after European Central Bank president Jean-Claude Trichet said a Eurozone rate rise is possible next month.
Holdings of the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, fell for a fifth consecutive month in February, data from the New York-based fund showed, the longest run of outflows since the trust's inception.
Prices for Dollar investors to Buy Gold crept higher to reach a new all-time record Wednesday lunchtime in London, as crude oil rose further above $100 per barrel and world stock markets fell for the eighth time in nine sessions.
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Gold jumped against a falling Dollar in London trade on Tuesday, touching $1,432.10 per ounce, one dollar above the all-time peak of 7th Dec. Silver marks a fresh all-time high at $34.44/oz, while Western stock markets fell and Brent crude oil rose towards new two-year highs.
The silver market has greeted the revival of forward sales by miners with sanguinity as prices sit at 31-year highs, but other signals suggest supply may really be scarce and investors are poised for more price gains.
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