go to
https://sites.google.com/site/goldandsilver2012/latest-articles/gold-rises-most-in-two-weeks-as-dollar-declines-silver-palladium-jump
Gold futures headed for the biggest gain in two weeks as the dollar dropped, boosting demand for precious metals as alternative investments. Palladium jumped more than 6 percent, and silver was up 5.1 percent.
The greenback fell as much as 0.8 percent against a basket of major currencies. This month, gold reached a record $1,424.30 an ounce, and the dollar touched the lowest level since December after the Federal Reserve announced plans to buy more U.S. debt.
"There is a direct link between how much money the government creates and demand for gold," Nicholas Brooks, the head of research and investment strategy at ETF Securities Ltd., said today in an interview in New York. "As an alternative investment to the U.S. currency, gold is the primary destination for investors go to."
go to
https://sites.google.com/site/goldandsilver2012/latest-articles/gold-rises-most-in-two-weeks-as-dollar-declines-silver-palladium-jump
Gold futures for December delivery rose $17.70, or 1.3 percent, to $1,354.60 an ounce at 11:19 a.m. on the Comex in New York. A close at that price would mark the biggest gain for the most-active contract since Nov. 4.
On Nov. 16, the metal touched $1,329, more than $95 below the record.
"About the only thing we are comfortable stating is that we remain long of gold in non-U.S. dollar terms, and we believe strongly that gold's correction has run its course," said Dennis Gartman, an economist and editor of the Suffolk, Virginia-based Gartman Letter.
Silver Forecast
Silver probably will top $30 an ounce in 2011 on demand by investors seeking a protection of wealth, London-based research firm GFMS Ltd. said in a report. The metal will average $19.94 an ounce this year and about $28 next year, GFMS said. Before today, the most-active contract on the Comex averaged $19.095 this year.
Silver futures for December delivery rose $1.299 to $26.81. Last week, the metal reached a 30-year high of $29.34. Before today, the price gained 51 percent this year.
Palladium futures for December delivery advanced $40.10, or 6.1 percent, to $694.95 an ounce on the New York Mercantile Exchange.
Platinum futures for January delivery gained $19, or 1.2 percent, to $1,659.90 an ounce.
go to
https://sites.google.com/site/goldandsilver2012/latest-articles/gold-rises-most-in-two-weeks-as-dollar-declines-silver-palladium-jump
by
http://www.bloomberg.com/news/2010-11-18/gold-advances-for-first-day-in-five-on-increased-investment-indian-demand.html
--
almamor
0 comments:
إرسال تعليق