Gold in a new Bull Market Phase!
Gold prices have started to move back up and are currently trading around $668/oz. I believe we have entered a new bull phase of the gold market and this phase should push gold above $800/oz.this year! Based on inflation-adjusted prices, we could very well see gold hit $1000 and ounce with $2000-$2500/oz. gold very possible.Hey, did you ever think a gallon of gas would be almost $3.00??[tags]gold,spot gold,gold market,gold nuggets[/tags] crystalline gold
Gold Demand Sets Record in 2006
The World Gold Council (WGC) said today. that despite reduced supply and a fall in tonnage, demand for gold in 2006 reached a record level.
The WGC said there was positive tonnage growth in the investment and industrial segments and double-digit dollar growth in the jewelery sector.
The record dollar values for overall demand and jewellery demand occurred despite a fall in supply, reducing the quantity of gold purchased.[tags]spot gold,spot gold price,gold market,gold demand[/tags] Australian gold
Spot gold price up 24% in 2006!
The price of gold rose by 24% in 2006, new research from Clerical Medical shows. This was the largest calendar year rise since 2002, and the third biggest annual gain in the past 20 years.
Since 2001, the price of gold has more than doubled, rising from $277 per oz to $635 per oz in 2006 – an average annual rise of 18%.[tags]spot gold, gold, gold price, gold nuggets, gold trading, gold investing, investing, stocks[/tags] gold nuggets
Gold & Silver set Multi-Month Highs
Fund buying has returned to gold and silver futures, driving them to multi-month highs Thursday.
April gold settled up $5.10 at $663 a troy ounce on the New York Mercantile Exchange. March silver settled up 15.5 cents to $13.725.[tags]spot gold, gold, silver, gold nuggets[/tags] spot gold price
Gold about to break six-month highs as dollar weakens
Gold closed in on the 6-month high it set yesterday, buoyed by a weaker US dollar and steadying oil prices.
Spot gold was quoted at 654.50 usd an ounce..
Gold rallied yesterday reflecting dollar falls after US rate setters kept interest rates unchanged.
'The market is hovering below an important breakout level which is 655 usd an ounce,' said David Holmes, director of precious metals sales at Dresdner Kleinwort.
He believes prices will eventually break through this resistance level as a weaker dollar and stronger oil prices encourage European and US investors to buy gold as a hedge against inflation.[tags]spot gold, gold, gold price, gold market[/tags] spot gold price
