Monthly Archives: July 2009

09
Jul
2009

GoldCore Precious Metals Update

Gold

Continue Reading
08
Jul
2009

GoldCore Precious Metals Market Update

Gold

Continue Reading
07
Jul
2009

GoldCore Precious Metals Market Update

Gold

Continue Reading
03
Jul
2009

GoldCore Precious Metals Market Update

Gold
Gold rebounded yesterday after the jobless figures out of the US were worse than expected. This instigated a slump in equities and investors pumped funds into gold to hedge against falling stock markets. Gold is currently trading at $932.60/£571/€666.04.

Silver
Silver has regained some of yesterday’s losses but is still trading at $13.39, down from $14.13 only 4 days ago.

Continue Reading
02
Jul
2009

GoldCore Precious Metals Market Update

Gold: China has requested that a new global currency be discussed at next week’s Group of Eight meeting in Italy. The news sent the dollar into a downward spiral and the price of gold rallied above $940, confirming its status as a currency hedge. The dollar has strengthened slightly today resulting in a small drop off in the gold price to $926.70.

Continue Reading
01
Jul
2009

GoldCore Bi Annual Market Review

With the end of the second quarter it is important to take stock and review how various assets have performed so far in 2009.

As per the tables below, gold and particularly silver have continued to outperform the vast majority of equity markets in the last six months. This is the particularly the case in terms of dollars (gold up 5.8%; silver up 21%) and euro (gold up 5.15%; silver up 20.3%). Thus gold again outperformed the benchmark S&P 500 (up 1.8) even after equity markets sharp rallies in the 2nd quarter.

Continue Reading