Buy Gold Info - Gold Price Per Ounce » Price of Gold http://buygoldinfo.com Thu, 17 Jun 2010 14:21:32 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Gold Prices Have Soared to Record Highs http://buygoldinfo.com/gold-prices-have-soared-to-record-highs/ http://buygoldinfo.com/gold-prices-have-soared-to-record-highs/#comments Thu, 19 Nov 2009 05:49:35 +0000 admin http://buygoldinfo.com/?p=52
  • Gold Price Per Ounce hits Near Record of $1,150 oz
    • ]]>     With all the printing of money going on around the world gold investing has become the ultimate safe haven for a hedge against weakening currencies and inflation.

    India’s central bank has just purchased 200 tonnes of gold from the International Monetary Fund. The 6.7 billion dollar purchase surprised the markets and was the biggest single central bank purchase over such a short period over the last 30 years.

    The IMF plans to sell about 400 metric tonnes of gold this year in order to increase its finances and increase lending to developing countries.

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    1. Gold Price Per Ounce hits Near Record of $1,150 oz

    ]]>     http://buygoldinfo.com/gold-prices-have-soared-to-record-highs/feed/ 0     Gold Price Per Ounce hits Near Record of $1,150 oz http://buygoldinfo.com/gold-price-per-ounce-hits-near-record-of-1150-oz/ http://buygoldinfo.com/gold-price-per-ounce-hits-near-record-of-1150-oz/#comments Thu, 19 Nov 2009 05:26:51 +0000 admin http://buygoldinfo.com/?p=50
  • Price of Gold Hits Record High
  • Gold Declines As The Dollar Gains Strength
  • Gold Prices Have Soared to Record Highs
    • ]]>     Today gold prices hit a record high of $1,147.45. This coincides with a weakening of the U.S dollar with the news from the Federal Reserve that interest rates may not rise again until 2012.  Major concerns with a sluggish U.S recovery combined with possible inlation is providing support for gold.

    “I think what we’re seeing is gold is surprising most people in the market. It’s rising faster than the dollar is falling, so it’s got its own drivers now,” said Rebecca Patterson, head of global foreign exchange and commodities at J.P. Morgan Private Bank.

    An additional factor that helped fuel gold prices today was the news that John Paulson an influential hedge fund manger  is using 250 million of his own capital to launch a new gold fund.

    Related posts:

    1. Price of Gold Hits Record High
    2. Gold Declines As The Dollar Gains Strength
    3. Gold Prices Have Soared to Record Highs

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