Tuesday, May 02, 2006
Gold Rises to 25-Year High as Oil, Iran Concern Prompt Buying
Gold Rises to 25-Year High as Oil, Iran Concern Prompt Buying
May 1 (Bloomberg) -- Gold rose to a 25-year high of $664 an ounce in New York as a rally in oil prices, stoked by tensions between Iran and western governments, increased the metal's attraction as a hedging tool.
Gold prices jump to highest point since October 1980
LONDON -- The price of gold Tuesday surged to the highest point for a quarter of a century, supported by the weaker US dollar and rising geopolitical concerns particularly over Iran.
McNair seeks the gold, another whiff of roses
Robert McNair is best known for returning the NFL to Houston, when his expansion Texans began play in 2002. He also is making his mark in Thoroughbred racing, where he joined Arthur B. Hancock III in breeding Fusaichi Pegasus, the Kentucky Derby champion in 2000. Now he's looking to reach the winner's circle with Bob and John, a top contender in the Run for the Roses.
When gold is too golden
The price may still be high but it's Akshaya Tritiya, and gold is a must buy.
Gold May Gain for Eighth Week on Iran Standoff, Survey Says
May 1 (Bloomberg) -- Gold may rise for an eighth week, surpassing the highest prices since 1980, on speculation the escalating dispute over Iran's nuclear program will spark demand for bullion as a haven, a Bloomberg News survey shows.
Bullion stocks get no glitter from gold's jump
NEW YORK (Reuters) - The surge in the gold price to a 25-year high couldnt have come at a worse time for gold miners such as Newmont Mining Corp. and Barrick Gold Corp. as a competing rally in oil could spoil their party.
Gold explorer Castle makes strong debut
Africa-focused gold explorer Castle Minerals Ltd made a strong start to public life on Tuesday with its shares debuting at a 22 per cent premium to their issue price.
Gold explorer Castle makes strong debut
Gold explorer Castle Minerals made a strong start to public life with its shares debuting at a 22 per cent premium to their issue price.