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2011-08-05 Analysts Look For More Gains In Gold
(Kitco News) - Gold may well extend its recent gains next week as worries about the economy and debt levels in the U.S. and peripheral European nations persist.Nevertheless, there remains potential for a technical correction or profit-taking, after s - Click for more...
DJIA plunges 513 Points, Largest Drop Since 2008 (08/05/2011)
NEW YORK (AP) — The stock market is finishing its worst day since the financial crisis.The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that E - Click for more...
Central Banks Continue Buying Gold To Diversify Portfolios (08/04/2011)
(Kitco News) - Gold purchases by South Korea and Thailand this summer continue a trend in which central banks are net purchasers of the metal as they look to diversify their foreign-exchange reserves.“So far in 2011, central banks in the emergi - Click for more...
Forcast: Fundamentals In Place For Gold To Finish 2011 At $1750 (08/03/2011)
Gold’s bull-run continues strong as ever, with Nomura forecasting the price of the shiny metal will reach $1,750 an ounce by the end of 2011 on continued Asian demand, rising inflation in India and China, and the Bernanke Fed being forced to ke - Click for more...
Gold Powers to Another All-Time High on Strong Safe-Haven Demand
Kitco News) - Comex gold futures prices closed the U.S. day session higher but near mid-range on some late profit taking in an impressive show of follow-through buying strength from solid gains posted Tuesday. Gold notched yet another new all-time re - Click for more...
Gold Underpinned By Downgrade Worries, Economy, European Debt Issues
Kitco News) – Gold keeps finding new catalysts to rise and hit record highs Tuesday despite news reports showing Republicans and Democrats are on the verge of resolving the debt-ceiling issue.A bill that has now passed both chambers of Congress - Click for more...
Gold Prices Take Debt Deal in Stride
NEW YORK (TheStreet ) -- Gold prices were selling off slightly as a bipartisan deal to raise the debt ceiling heads to Congress for a vote later today. Gold for December delivery was losing $11.40 to $1,619.8 an ounce at the Comex division of the New - Click for more...