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The American public has no say in Federal Reserve policy. But the gold market might. The metal hit yet another record high on Friday, gaining $6.40 to $1,095.10 an ounce. It jumped $55 for the week and is up $211, or 24%, year to date. Full Article at Los Angeles Times
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Nov. 6: Though, the gold ETF’s have given returns of 43 per cent in the past one year, the investors who preferred the world gold funds that invest in the stocks of the gold mining companies have earned more than double — in the range of 87 to 104 per... Full Article at Asian Age
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New Delhi / Beijing: Asian central banks appear to be in little rush to follow India’s lead and make big purchases of gold given its high market price and the availability of cheaper domestically produced gold. Full Article at livemint.com
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Gold hit a new record high for the second day in a row on Wednesday. Gold heaved just above $1,095 an ounce following the Federal Open Market Committee pledge to keep interest rates low for an extended period of time. Full Article at Forbes
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If you know the current day gold price then you would be tempted to buy and sell gold in India. In the history of India, India has always had a self sufficient attitude about gold resources. Full Article at Associated Content
