Category: inflation

Gold price goes for $1,300

Gold price goes for $1,300

Gold on Tuesday made a dash for the crucial $1,300 an ounce level as investors seek a safe haven from turmoil on financial markets rocked by the confidence-shaking move by the Swiss central bank last week. In heavy trade of more than 20m ounces by noon in New York, gold for delivery in February – the most active […]

China 2014 gold demand heading for 2,100 tonnes

China 2014 gold demand heading for 2,100 tonnes

With gold withdrawals from the Shanghai Gold Exchange having reached 1,761 tonnes by November 14, and weekly withdrawals since the Golden Week holiday at the beginning of October averaging comfortably over 50 tonnes, China looks to be heading for an annual demand total (SGE gold withdrawals equate to overall demand) of comfortably over 2,000 tonnes […]

Dollar up, gold down; why?

Dollar up, gold down; why?

The U.S. Dollar Index closed last Friday at 84.25. For the ninth consecutive week, the Dollar Index has finished higher than the quote from the end of the previous week. This is the longest string of consecutive weekly increases since the first quarter of 1997. The U.S. dollar reached its highest level in six years […]