Retail gold demand volumes in Dubai and Abu Dhabi dipped by around 15 per cent in August on the year, as Ramadan led consumers to focus more on food purchases, traders said yesterday.
“Ramadan is all about food and not about buying jewellery that’s why we saw a dip of around 15 percent in August,” said [...]
The Financial Report
-
UAE gold sales plunge 15% in Ramadan
September 3rd, 2010 by admin Tags: dubai, gold, gold council, gold demand, investment, mansuk jewellers, ramadan, richcomm global services
-
Malaysian Muslims Go for Gold, But It’s Hard to Make Change
September 3rd, 2010 by admin Umar Vadillo bounds into a hotel room here in northern Malaysia with several stacks of gold and silver coins in his hands and slaps them down on a coffee table. “This,” Mr. Vadillo says, “is what it means to be free.”
A quarter century ago, this Spanish-born Muslim convert set to work with other European Muslims [...]Tags: credit, economy, european muslims, gold, inflation, investor, money, silver
-
Gold Falls as Traders Move to Stocks
September 3rd, 2010 by admin Gold prices took their cue from the U.S. jobs number which surprised and cheered investors. The unemployment rate rose to 9.6% but only 54,000 jobs were lost, which was much better than expected. The private sector added 67,000 jobs.
Investors had been mixed on gold headed into the jobs number. Prices rose modestly Thursday as [...]Tags: dollar, gold, gold falls, gold prices, gold shares, investor, money, pratik sharma, private sector, wall street
-
Bernanke Out of Bullets, But Not Bombs
September 2nd, 2010 by admin Word on the street is that the Fed is now “out of bullets.” Many economists fear that in its efforts to spur recovery, the Fed may have already exhausted its array of monetary ammunition and that it has nothing left of significance to fire at the steadily advancing recession. They believe that since interest rates [...]
Tags: bank, bank reserves, central bank, credit, dollar, economist, fed, inflation, lending, monetary, real estate, recession, stock market
-
Gold Prices Steady Ahead of Jobs Number
September 2nd, 2010 by admin The Dow Jones Industrial Average rose 254 points Wednesday and gold prices took a minor $2 hit lower for the day. The equity rally was stalling out Thursday as investors stayed cautious ahead of Friday’s U.S. unemployment report and were tentatively adding to their gold positions.
Gold was also finding some support from the European Central [...]Tags: central bank, euro, european central bank, gold, gold position, gold prices, gold shares, investor, rbc capital market
-
Time to Go Global
September 1st, 2010 by admin Here at Casey Research, we really don’t enjoy being a buzz-kill. It’s just that we think it’s more important for investors to be well informed about the reality in which we find ourselves today than it is to be happy-go-lucky all the time.
The good news is that when the stuff hits the [...]Tags: casey research, federal goverment, go goblal, gold, insurance, investor, tax
-
Total Voting Rights
September 1st, 2010 by admin Randgold Resources Limited announces that, in accordance with FSA’s Disclosure Rules and Transparency Rules, its issued share capital consists of 90,927,870 (ninety million nine hundred and twenty seven thousand and eight hundred and seventy) ordinary shares of US$0.05 each.
Each ordinary share carries the right to one vote in relation to all circumstances at general [...]Tags: computershare investor service, disclosure rules, investor, randgold resources, shareholder, transparency rules
-
Gold Prices Slip; Buyers Must Be Cautious
September 1st, 2010 by admin Gold prices were tentatively lower Wednesday as investors piled into stocks as better-than-expected manufacturing data offset a disappointing jobs numbers.
Gold for December delivery was slipping $2.40 to $1,247.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Wednesday has traded as high as $1,256.60 and as low [...]Tags: comex division, dollar, gold, gold news, gold prices, gold shares, institute for supply management, investor, new york mercantile exchange
-
Flying Blind
August 31st, 2010 by admin Watching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline. A true wonder of the urban landscape, the flocks can include hundreds of individuals who show an uncanny ability to stay in tight formation as the group quickly zig-zags [...]
Tags: economic, economist, gold, investment, recession
-
Gold Prices Pop Ahead of Jobs Number
August 31st, 2010 by admin Gold prices had been selling off in early-morning trading Tuesday, but investors changed their tune and bought gold at “discount” prices as a safe-haven asset. Volume also slowed to a snail’s pace, currently 24,000 for the December futures contract on the Comex, which heightens volatility.
Gold prices have rallied 4% in August while the Dow [...]Tags: comex, global economic, global economy, gold, gold prices, industrial average, investor, precious metal, silver prices
more...-
Leonard Rosen publisher
Contact leonardrosen@rosen.net
Leonard Rosen Consultations and Speaking EngagementsRss
Translate
-
Most Popular Posts
- ETF Securities Star Performer on Gold ETF Leader Board (1 comments)
- Japanese style Deflation Strikes Global Bond markets (1 comments)
- It is all about (no) confidence (1 comments)
- Had Enough Government 'Regulation' Yet? (1 comments)
If you are searching for real estate notes for sale visit FCIExchange.com to find the largest variety of notes for sale. FCIExchange.com has mortgage notes from all 50 states with large amounts from California, Nevada and Florida.