• Wednesday
  • July 30, 2014
  • Last updated: 7:55am
Hong Kong




Search Results

Results 1 - 10 of 850 for gold prices

Related topics matching your search

Search results

  1. Gold price gets bulls bellowing for more

    Posted Dec 09th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick The price of gold will reach US$2,000 an ounce within the next two years, predicts Owen Hegarty, the chairman of Hong Kong-listed gold miner G-Resources. The outspoken Australian, who is well known for making bold price claims about the yellow metal, added that he was so sure gold's value would hit US$2,000 that his company has not taken out hedging contracts ...

  2. Shining price of gold should not dazzle long-term investors

    Posted May 04th 2006, 12:00am by Tom Holland

    ... Tom Holland Gold has been a great speculative trade, but it remains a lousy investment. Yesterday, the spot price of gold rocketed to a new 25-year high, hitting US$676.75 an ounce ... physical commodity, when supply exceeds demand the price usually falls, but gold is different. The current run-up is being driven not by users of the actual metal, but by surging demand from retail ...

  3. Sky's the limit for gold

    Posted Jan 03rd 2012, 12:00am

    ... managers, mainly because of its upward price moves during volatile times. 'Despite short-term swings, the price of gold is expected to follow a long-term rising trend well into the middle ... threaten the future of the euro. Stronger gold prices will also be fuelled by economic growth in Asia. 'In China, since private gold investment was legalised in 2002, rapid growth in household ...

  4. Gold exchange to launch trading in silver futures

    Posted Jun 18th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The Chinese Gold & Silver Exchange Society is launching silver trading in three different currencies, predicting continued gains in precious metal prices and rising mainland demand. 'Gold and silver prices have fallen this year, but we expect them to rise again in the fourth quarter. It's a good time for us to reintroduce silver ...

  5. Gold and silver set to climb as investors seek haven

    Posted Jul 23rd 2011, 12:00am

    ... May Chan may.chan@scmp.com Gold and silver prices are tipped by analysts for another bull run as investors seek a safe haven amid global economic uncertainties. Catherine Raw, director ... in gold price, are also widely expected to catch up as investor risk appetite adapts to changing market conditions. Spot gold reached US$1,610.70 per troy ounce on July 19, the highest this year. ...

  6. China set to be biggest gold market

    Posted Feb 17th 2012, 12:00am

    ... on purchases after the weak rupee and high inflation pushed up gold prices in rupee terms. Central banks' net purchases soared to a record 439.7 tonnes last year from 77 tonnes in 2010 ... 3.7 per cent last year despite a 28 per cent jump in the gold price to US$1,572 an ounce. ...

  7. You better believe it: all that glitters is not gold

    Posted Jul 12th 2009, 12:00am by Stephen Vines

    ... Stephen Vines The time has come to be seriously worried as gold buffs re-emerge from the shadows where they have sensibly lurked for almost three decades since gold hit a record price of US$859 per ounce in 1980. Now there is the tantalising prospect of gold climbing back to US$1,000, as it did following the onset of the financial crisis last year. Since then, the price has ...

  8. Gold loses lustre as investors' favourite

    Posted Mar 29th 2010, 12:00am by Tom Holland

    ... beneficiary of the debt doubts assailing the euro and sterling, rising nearly 5 per cent against a basket of major currencies. Even more surprising, however, is how the price of gold has failed ... miners were unwinding their hedges by buying back the gold contracts they had sold forward, adding to market demand. As a result, the price of the metal soared, rising 50 per cent between January ...

  9. Mainland gold demand leaps 70pc as investors eye inflation

    Posted Feb 18th 2011, 12:00am by Sophie Yu

    ... have combined with expectations of further gold price gains,' she said. Kenix Lai, a gold analyst with Sun Hung Kai Financial, said China is expected to contribute to strong demand ... up the price too quickly,' she said. 'There is a good opportunity for China to increase the ratio of gold to 2 per cent, and higher and higher in the following years.' Given ...

  10. Gold lacks lustre and is worth little more than the trinkets it makes

    Posted Sep 20th 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp I AM NOT a gold bug and I have been wrong. Over the past four years, the price of gold has risen almost 80 per cent in US dollar terms and reached an 18-year high. ... of warmongering and predicted that the price of oil would stay under US$10 a barrel for the foreseeable future. The two are not unrelated. Gold is up in part because people seek an investment refuge ...




SCMP.com Account