Last week's action on Wall Street and other world markets demonstrated anew gold's special qualities as a financial life preserver in tumultuous and uncertain times. With stock prices plummeting and the euro continuing to lose value as well as credibility, gold was virtually the only financial and investment asset to shine, continuing its recent sharp climb and breaking through the $1,200 level, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.
Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.
A recent spurt in gold prices seems to have dampened the zeal of India-based gold consumers as experts have expressed concern over a significant drop in gold sale on Akshaya Tithiya, a day considered to be auspicious to buy gold in India. Gold prices are on an upward rally nearing its lifetime high of USD 1240 per ounce. The spot gold in New York market stood at USD 1208 per ounce witnessing a steep rise in the past one month.
Australia's first National Security College will begin activities in May after its official launch by the Prime Minister Kevin Rudd at The Australian National University on 24th April 2010.
A December cyberattack on Google Inc computers hit the company's password system that millions of people worldwide use to access almost all of the company's Web services, The New York Times said, citing a person with direct knowledge of the investigation.
Confusion confounded. That is the apt description for the global bullion markets now. Talk of gold, you will get a bunch of positive advices from market analysts saying that Indian festival and wedding seasons are round the corner and the demand for the metal is set to go up in the coming days.
A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...
In a significant development, BRIC nations, (Brazil, Russia, India, China) agreed to combat hunger and boost efforts to promote food security. Agriculture ministers of BRIC on Friday signed a global food security declaration here and also agreed to pool resources to combat famine that affects more than a billion people globally.
U.S. securities regulators are looking at some trades of hedge funds Carlson Capital LP and Appaloosa Management LP, a person familiar with the matter said on Thursday.
Indian commodity exchanges and gold trading entities have started recognizing the real strength of retail investors with most of the commodity exchanges in the country coming up with lucrative retail investment options for gold trading. Gold has been considered as one of the important instruments of investment across the country, especially in retail households. Small household units in India are now turning up as potential investors for gold.
Hackers have flooded the Internet with virus-tainted spam that targets Facebook's estimated 400 million users in an effort to steal banking passwords and gather other sensitive information.
Vice President Joe Biden assured Israel on Tuesday of Washington's commitment to its security and preventing Iran from producing nuclear weapons.
Singapore raised alert levels on Friday in the Asian financial centre and beefed up security at its airport and new casinos after a warning by its navy of possible attacks on oil tankers in a key shipping lane.
A man shot and wounded two security officers at an entrance to the Pentagon near a busy commuter rail station on Thursday before being fatally wounded in a shootout, officials and media reports said.
Wait and watch, that is the game bullion market is playing now. With India's new tax on gold imports hitting the demand in global market, investors and importers are now waiting and observing the movements for a clear hint. However, gold scrap sales have picked up slowly in Southeast Asia but witnessed no major movements.
Spanish police have arrested three men accused of masterminding one of the biggest computer crimes to date -- infecting more than 13 million PCs with a virus that stole credit card numbers and other data.
Spanish police have arrested three men accused of masterminding one of the biggest computer crimes to date -- infecting more than 13 million PCs with a virus that stole credit card numbers and other data.
The Obama administration on Tuesday declassified part of the Comprehensive National Cybersecurity Initiative created during the Bush administration, outlining offensive and defensive strategies for protecting information networks.
Cisco said on Tuesday that it is trying to create a network environment that enables users to securely log in using any device, from anywhere, using a simple, common, nearly-transparent access method.
One person died at Luke Air Force Base in Phoenix on Monday night, after being shot by security officers.
NATO must boost security cooperation with Russia and streamline operations to face new challenges -- both military and civilian -- in coming years, U.S. Secretary of State Hillary Clinton said on Monday.
The Federal Trade Commission said Monday that it uncovered rampant data breaches across various institutions as members of those institutions engaged in swapped files over the Internet.
