Tuesday, January 4, 2011

Gold Ekes Out a Record; Silver Shines


Gold eked out a record after struggling in negative territory for most of the day, and silver climbed to a more than 30-year high, as positive economic sentiment shined differently on the two metals.
Investors held off on gold purchases as markets for stocks and other commodities rallied on the first trading day of 2011. Market participants said the optimism, powered by positive U.S. data, dulled gold's attraction as a safe-haven investment.

Thursday, December 30, 2010

Gold Set for Fresh Highs in 2011

DECEMBER 30, 2010

LONDON—Gold bulls say the price of the precious metal is set to reach fresh highs early in the new year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies.
With central-bank purchases and Chinese imports emerging to support gains, analysts and traders say they expect the metal to quickly surpass $1,500 a troy ounce, reaching as high as $1,700 an ounce—or even $2,000, according to forecasts by some of the industry's more bullish participants—before the tide turns slightly in 2012.
The gold market has put in a solid performance in 2010, benefiting largely from sovereign-debt troubles in ...