Gold prices

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 FT reported that market-making brokerage and bank J.P.Morgan has materially reduced its bets on lower silver prices, citing a person familiar with the matter.

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.

Outside the US and UK - where today's no change decision from the Bank of England left interest rates near 33-year lows beneath inflation - emerging economies are also flirting with sub-zero real rates of interest, Japanese investment bank Nomura's London office notes.

Germans are now the world's number one Gold Bar buyers. Germany's swivel-eyed gold bugs simply show more imagination than journalists, policy-makers and academic economists.

Spot Gold jumped over $1400 per ounce in wholesale dealing on Friday in London, holding onto an earlier drop vs. the Euro as the single currency rose sharply on news of weaker than expected US jobs growth in November.

With the current round of [US quantitative easing] set to end in June 2011, and our US economics team now forecasting strong US economic growth in 2011 and 2012, we expect US real interest rates to begin to rise into 2012, says a new bullion report from former investment-bank Goldman Sachs.

Spot Gold touched a near 3-week high for Dollar investors above $1396 per ounce in London trade on Wednesday, but slipped back from new record highs in Euros and Sterling as the US currency dipped on the forex market.

Gold touched a 1-week high for Dollar investors but broke new all-time records for Euro and Sterling buyers on Tuesday morning, as industrial commodities slipped and the US currency rose against all competitors bar the Japanese Yen.

Surging demand from China, the world's second-largest gold buyer, is changing seasonal patterns in Gold Price trends for investors everywhere. At this current pace, private Chinese demand may overtake India's by 2014 (if not sooner).

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.

A BIS study found the market judges risks of uncontrolled inflation to be relatively low for the U.S and euro zone, despite the expansion of their central banks' sheets and soaring gold prices.

In the following interview of IBTimes with Jonathan Rose, President and CEO of Capital Gold Group, he talks about the recent cool down of the gold price, the impact of the non-results of the G-20 summit, the different mentality of investors in the U.S. and Britain regarding gold, and says that the Federal Reserve and gold ETFs should be properly audited.

Gold registered new all-time highs over and over again in the past few weeks and hit a record high of $1424.30 on Tuesday as investors stepped up buying the yellow metal as an effective tool to avoid the risks of inflation and the uncertainties in the global economy.

Jim Cramer, a financial pundit and former hedge fund manager, said the best way of making money off the G20 Seoul summit is betting it won't go well. And one bets against the summit by buying gold, he said.

Gold prices rose above the $1,400 an ounce barrier for the first time ever today. New fears sparked by the latest Irish debt problems drove investors to seek security in the eternal metal. Comments from World Bank President Robert Zoellicks earlier today, in which he suggested that major global economies should return to a new gold standard, helped push investors towards gold, where gold set a new record high at $1408.10 an ounce.

QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,

The price of gold climbed to a new all-time high of $1,284 per ounce on Monday morning, suggesting that investors are very concerned about inflation that is apparently eroding the value of paper-currencies.