Gold: out of favour
Article Abstract:
The price of gold has fallen in 1997 to the lowest point seen for four years. Gold is seen as a way of preserving value against inflation, but inflation has been low, as have interest rates. There have also been rumors of central banks selling gold, and the Dutch central bank has announced some sales. There is fear that more such sales may be carried out. Meanwhile, speculative funds have taken a pessimistic view of gold prices, and producers have sold gold forward on each rally, which adds to uncertainty in the market.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Gold: fighting back
Article Abstract:
Gold prices rose at the start of 1996 then appeared to falter in Feb 1996 after reaching the highest level for six years. Some analysts argue that the rise in gold prices was due to speculation by US funds, and they see mining companies as likely to curb prices through forward selling. Holders of gold would also be encouraged to sell by price rises. Others see pressure pushing up gold prices from China, India and south east Asia, as they undergo economic growth.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Gold: still suffering
Article Abstract:
Gold prices have been affected by concern about selling by central banks in Europe which account for nearly 40% of total reserves of gold world wide. Demand for gold has increased, boosted by demand from developing economies such as India. Demand was at a record high in 1st qtr 1997. Supply appears to be more of a problem in affecting prices, as is speculation that prices could drop further. Gold prices could still begin a recover from Sep 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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