Gold Market Outlook
Gold Market Outlook
The chief executive officer of Newmont Mining Corp., Richard O’Brien, talks about the outlook for the gold market and the company’s Conga project in Peru. He speaks on Bloomberg Television’s InBusiness With Margaret Brennan.
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Jim Rogers – I Hope Gold Goes Down
Spot Gold Price – Gold Price Outlook
Jim Rogers, American Hedge fund manager and commodity bull, criticizes the debt policy of the EU and explains why he expects everything to end in a mess , he says he wont buy gold right now because he accepts further weakness in the gold price.
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Gold Price Hits $1900 Per Ounce
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Gold price
Today’s precious metals market was somewhat mixed with gold up $18 per ounce to a record of $1900 per ounce. But at the same time, silver and palladium were both down.
So, even with the government intervention in the commodities future markets in the last few weeks, all that was accomplished was a minor pullback in precious metals that actually created a great buying opportunity.it was just about a week ago, actually it was onAugust 30, 2011 where I wrote that gold (gold price) had just gone over $1800 per ounce.
Well, it may not happen immediately, but the strong momentum behind the upward gold move would seem to indicate the likelihood that by year’s end the spot gold price will be over $2000 per ounce!
Spot Gold Moves Back Over $1800
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spot gold price
Once again, as I’m writing this the New York spot gold prices moved over $1800 per ounce. Currently spot gold is at $1835 per ounce up $46 for the day. It seems like the last week gold has been like a yo-yo with large daily moves both up and down. Read more 
Spot Gold Price Drops
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Spot gold price
Spot gold on the New York exchange closed down $41 per ounce today. Many believe this is a continuation of the down move that started last week. Last week, from being near $1900 an ounce on Monday, by Wednesday evening the New York spot gold price was approximately $1750 an ounce, or about an 8% drop! Read more
