Wednesday, May 03, 2006
Gold Stays Near 25-Year High as Iran Concern Prompts Hedging
Gold Stays Near 25-Year High as Iran Concern Prompts Hedging
May 1 (Bloomberg) -- Gold stayed near a 25-year high as rising oil prices, stoked by tensions between Iran and western governments, increased the metal's attraction as a hedging tool.
Merrill: Commodity Price Surge Is Largely Speculation
May 2, 2006 -- Not doubt about it: Prices of oil and gold -- and copper and other commodities -- have shot up in recent days. But David A. Rosenberg, North American economist at Merrill Lynch & Co., New York, believes the prices are more speculative than real.
Gold surges again as dollar loses its luster
HONG KONG (MarketWatch) -- Gold futures pushed to their highest levels since 1980 on Monday, with capital flowing to the precious metal as a weak U.S. dollar sent investors in search of a safe haven.
Gold Fields profit driven by bullion bull run
Gold Fields profit rose 84 percent the third quarter of its financial year, as gold prices rose to their highest level in 25 years.
Gold's all aglimmer and miners likewise
GOLD stocks led the stockmarket higher yesterday as the price of the yellow metal climbed to a new 25-year peak. -
Gold price highest in 25 years
The price of gold reached its highest level in a quarter of a century in late trade in London today. Supported by a weaker US dollar and concern over Iran, the gold price surged to US665 an ounce, its best level since October 1980.
Oil, gas, gold and zinc prices
The price of North Slope oil sold on West Coast open markets closed today at a record $71.97 a barrel, up $1.52 for the day.