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Moneyweb
Gold hits new record: Paul Walker – CEO, GFMS
HILTON TARRANT: Well, it's across to Germany now. Paul Walker, the CEO of GFMS, is joining us. Paul, gold bullion a new record - $1096/oz. Is this a continuation of the weaker dollar theme that we've seen? Full Article at Moneyweb
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HILTON TARRANT: Hello, good evening and welcome to the SAfm Market Update with Moneyweb. Hilton Tarrant in for Alec Hogg this Wednesday evening. News today of a mystery R415m accounts error that troubled African Dawn. Full Article at Moneyweb
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Gold hit record highs on Wednesday as the U.S. dollar extended losses to a 14-month low against a basket of currencies on growing optimism about the global economy. Spot gold rose as high as $1,069.45 per ounce. Full Article at MyDigitalFC.com | Financial Chronicle
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LONDON: Gold rose to a record high at $1,063.60 an ounce on Tuesday as the dollar slipped against the euro, increasing the metal's appeal as an alternative asset. Full Article at Economic Times
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TOKYO: Weak physical demand for gold raises doubts about the sustainability of high prices, although it may hold on to the $1,000 level for the next few months, a senior official at major metals consultancy GFMS said on Tuesday. Full Article at Economic Times
Related Quotes
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Gold's still on a strong momentum but I think market players will be cautious about entering into the gold market now
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My concern is that this market is becoming increasingly unidimensional ... One pillar, jewellery demand, has become eroded.
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Many players are sidelined, but those who can still buy at these levels are preventing the market from easing
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For it to be a sustained, justifiable bull rally, we should be seeing gold going up in every currency ... It's just about the dollar. Investments in gold are not just those investing in dollars ... a point indicating this is not a genuine bull rally.
