Getting back to the gold standard
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Gold’s happy new year
Gold’s rebound came after a particularly unMerry Christmas. (See Jan. 2 column ) But from the Christmas week closing low on Dec. 29 to last Friday, gold as measured by the floor close in the Gold-Electronic (COMEX) Feb 2012 GC2G +0.55% , rose $120 or 7.78%. This was the third week of gains
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Oil up near $111
Brent crude oil futures were up $1.11 at $110.97 a barrel by 1248 GMT. U.S. crude was up $1.05 to $99.38 a barrel.
Both contracts rose after threats from an Ira
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Why gold may be losing its glitter
Investors who have recently jumped on the gold bandwagon will need plenty of patience this year, as the anemic global economy and better prospects for the U.S. dollar combine to dim gold’s allure.
While buyers are likely to see their gold holdings rise in value for a 12th consecutive year, any advance is expected to be more modest than in recen
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What is gold telling us?
Investors have become conditioned to the effects of the U.S. Federal Reserve’s quantitative easing actions in 2009 up to the present, more or less, which have been observed to produce grinding liquidity-induced increases in asset prices of all stripes, including stocks and commodities.
This has led to the some
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Gold bugs’ unmerry Christmas
From the previous Friday’s close to the low on Thursday, the CME February gold contract GC2G +1.69% plunged $82.10 or 5.1%. The gold shares, as tracked by the NYSE Arca Gold Bugs Index XX:HUI +0.59% , were down 6.6% at their worst.
Recover
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Gold Bubble Seen by Soros on Brink of Bear Market
George Soros, the billionaire who two years ago called it the “ultimate asset bubble,” cut 99 percent of his holdings in the first quarter, Securities and Exchange Commission data show. Hedge fund managers John Paulson, Paul Touradji and Eric Mindich
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Petroplus shares fall 40% after $1bn credit freeze
In a statement, the Swiss-based firm said the revolving credit lines were "critical" for business.
Petroplus shares fell as much as 40% on Tuesday and have lost 83% since the start of the year.
It said it was "evaluating strategi
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Goldman Sachs: Gold will glitter at new highs in 2012'
The yellow metal will peak at $1,900 per ounce next year, the bank said, forecasting an annual average of $1,810.
Among the catalysts it pointed to were the continuing environment of low interest rates, low risk appetite and limi
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Gold prices edge down on stronger U.S. dollar
Gold for February delivery GC2G -0.18% slipped $1 to $1,609.60 an ounce.
Other metals futures, for March delivery, managed to hold the line on gains.
Silver SI2H +0.96% rose 1% to $29.34 an ounce.
Palladium PA2H +1.58% added 0.6% to $658.45 an ounc
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New year offers gold another shot at $2,000
Gold futures prices GC2G 0.00% reached a record close near $1,900 an ounce in August and year to date, they’ve gained 13%. Still, many analysts had predicted since the start of 2011 that this would be the year prices for the p
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Will the Europeans have to sell their gold?
Few people realize it, but Italy holds the world’s fourth biggest stockpile of gold, at 2,452 tonnes. That’s even more than France, and more than twice as much as China.
Only the U.S., Germany and the International Monetary Fund hold more.
The question here is w
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Oil is below $94, oil prices have lost nearly 7% over the past three trading sessions
The January contract for light, sweet crude-oil futures was down 32 cents, or 0.3%, to $93.21 a barrel on the New York Mer
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Oil falls to near $93 after NKorean leader dies
Benchmark crude for January delivery was down 31 cents to $93.22 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 34 cents to settle at $93.53 on Frida
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America's New Energy Security
No longer. U.S. petroleum imports, on a net basis, reached their peak—60%—of domestic consumption in 2005. Since then, th
