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Precious metals on a roll
15 hours ago ago from Dead Presidents! - India Equity Research
Prices go up further as dollar slumps Precious metal prices rose for the second straight day on Tuesday, 09 February 2010. Prices rose as the dollar slipped following conflicting news about Greece's fiscal health and on reports whether Germany will come to its rescue. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of other currencies and ...
Related contentUS Gold Higher on Slumping Dollar, Other Commodities Rise – Feb 9, 2010
18 hours ago ago from Bullion Prices
Commodities rose across-the-board on Tuesday as the euro was lifted on talks that Greece may be rescued by European countries. The US dollar retreated with the euro's rise, and US gold, silver and platinum prices climbed. Gold often moves in the opposite direction of the dollar. A rising greenback makes dollar-denominated commodities, like bullion, more expensive for holders of other world currencies. New York precious metal prices follow: ...
Related content2010 Course Selection: GoldStocks 101
23 hours ago ago from BabyBullTwits
According to Luke Burgess of istockanalyst.com, there's no doubt about it everything points to higher gold prices this year: Weakness in the U.S. dollar: The value of the dollar has fallen 35% since 2002 and 9% in the past 12 months. Meanwhile, the national debt is approaching $12.5 trillion and the 2010 budget deficit is projected to hit a new record: $1.56 trillion. Economic uncertainty: Investment markets worldwide continue to be on ...
Related content[T.S.R:12438] Why gold price will plunge to $800 per ounce ?????
17 hours ago ago from Brokers reports,Intraday calls,Nifty free calls,Free intraday,stbt calls,btst trades .....
In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal ...
Related contentgold prices today
19 hours ago ago from Gold And Silver Market
Google News Alert for: gold prices today COMMODITIES-Oil, copper rise on dlr fall, snowstorm fears Forexyard Gold prices rose as well. In New York, most-active gold futures for April ended up $11, or about 1 percent, at $1077.20 an ounce. ... See all stories on this topic Daly Gold Report 2/9 Inside Futures by Mike Daly of PFGBest Today's weaker US Dollar and Higher Crude Oil prices help to fuel the $11.00 Gold ...
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Oil rises 3% on weaker dollar
19 hours ago ago from CNN Money
Oil rises 3% on weaker dollar By Hibah Yousuf, staff reporter February 9, 2010: 3:25 PM ET NEW YORK (CNNMoney.com) -- Oil prices extended gains Tuesday as the dollar weakened against the euro after concerns over Europe's debt crisis eased. What prices are doing: Crude oil for April delivery rose $2.56, or 2.6%, to $73.75 a barrel. After falling nearly 8% over three consecutive sessions, crude prices rose 1% Monday to settle at $71.89. ...
Related contentDollar mixed on debt concerns
1 hour, 37 minutes ago ago from CNN Money
Dollar mixed on debt concerns By Blake Ellis, staff reporter February 10, 2010: 9:13 AM ET NEW YORK (CNNMoney.com) -- The dollar was mixed against major currencies Wednesday as European leaders weighed a decision to provide financial assistance to Greece and ahead of Federal Reserve Chairman Ben Bernanke's prepared testimony on unwinding emergency moves to boost lending. What prices are doing: The dollar rose 0.3% versus the euro to ...
Related contentDemand Lifts Profit for Steel, Mining Giants
11 hours ago ago from Wall Street Journal
Higher raw materials and metals prices are expected to lift earnings this year at the world's biggest steel and mining companies. On Wednesday, BHP Billiton reported earnings for the six months ended Dec. 31 more than doubled. Results due out this week for the fourth quarter and full-year from ArcelorMittal , the world's largest steel maker, and Rio Tinto PLC, the world's third largest miner are expected to show the benefit of higher steel ...
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