Treasure Trove Worth $23B Found in Indian Temple
A treasure trove worth $23 billion has been unearthed from the secret chambers of an 18th century Indian temple in Thiruvananthapuram, the capital city of the South Indian state of Kerala.
$500 million treasure unearthed from vaults of 18th century Indian temple
A court ruling opened the secret chambers of the temple which have untold wealth buried under
Why gold demand is surging in China?
Chinese gold demand is expected to exceed 700 metric tons in the next several years and sharply outpace domestic production. Annual gold production in China, world’s second largest consumer of precious metal, is expected to reach 400 tonnes by 2014 with demand at 700 tonnes, signaling room for a strong ramp up in imports.
Gold prices likely to stay high in coming months
Gold prices may continue to stay at high levels in the coming months as investors seek the metal as a safe haven investment on concerns about faster inflation, slowing global economic recovery and geopolitical crisis, according to China National Gold Group Corporation (CNGGC).
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Investing in Gold: The Essential Safe Haven Investment for Every Portfolio (Book)
As many investors know, gold is a safe-haven asset that can actually increase in value during stock market slides and times of recession. But what else do you really know about this commodity? Are you taking full advantage of it? Do you know how to work it into your overall investment strategy?
Gold at $1,400 as equity markets drop sharply
Gold fell back slightly toward $1,400 an ounce on Tuesday, breaking a six-session rally, as turmoil in Libya prompted bullion investors to take profits and as sharp losses in equities and other commodities markets prompted margin selling.
Gold will outperform silver soon: Report
Even as precious metal investors seem to be taken in by the superior performance of silver over gold, some analysts have raised the voice of caution, saying gold will soon outperform silver.
Silver investing returns to mainstream as prices hover near 30-year high
More and more investors are flocking to silver, sensing an opportunity. Mark Thomas of the Silver Shortage Report wrote on Tuesday that Soros Fund management has made an investment in Pan American Silver (PAAS).
Gold flat but dollar drop, Bernanke view underpin
Gold was little changed on Wednesday as the market was underpinned by a dollar drop and Federal Reserve Chairman Ben Bernanke's comment that he had no plans to scrap a massive bond-buying program, indicating interest rates will not rise any time soon.
Rising Gold Beaten by Silver Prices Again as Wheat Jumps, Bond Investors Fear Inflation
Gold rose back towards yesterday's 3-week peaks in London on Wednesday, pushing higher against all major currencies as world stock markets slipped.
Gold holds near 3-week highs, China inflation eyed
Gold held close to the previous session's near three-week high in Europe on Wednesday, supported by an increased focus on inflation after China's second interest rate hike in six weeks.
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