Sumitomo’s Bob Takai discuses the price of Gold on Bloomberg. He believes that there is a positive outlook for gold for the rest of the year.
Feb 27
Jim Rogers gives his thoughts on what is likely to happen by the end of 2010/start of 2011. It’s quite interesting and some great points are made. This indicates that commodities and gold could be a safe place to be if global currencies collapse.
Feb 11
Gold climbed alongside the dollar after a deal was struck to help Greece. Also, the same concerns on Greece. Spain and Portugal which has seen the dollar increase against the euro by 5.1% this year are driving the gold price up. Read more in Business Week.
Feb 11
Gold futures are up as a result of growing concerns regarding the Eurozone and in particular Greece. In recent trading, April gold was up $16.40, or 1.5%, at $1,092.70 an ounce on the Comex division of the New York Mercantile Exchange. The contract reached as high as $1,095.90.
The USD is also gaining which indicates that Gold’s rise could be down to Euro concerns. The Wall Street Journal goes into more detail.
