Driving the market higher were gold stocks as December
gold bullion rose $ 27.50 to end at US$ 1,360.90 an ounce.
Not exact matches
February
bullion climbed $ 1.90 to US$ 1,240.20 an ounce and the
gold sector
rose about 0.7 per cent.
The
gold sector was down about 2.5 per cent as August
bullion rose $ 7.10 to US$ 1,374 an ounce.
As well as their impact on the currency markets,
rising interest rates weigh on
gold in their own right, as they increase the opportunity cost of holding non-yielding
bullion.
In other commodities, August
gold bullion added 10 cents to US$ 1,274.10 an ounce, while July copper
rose a penny to US$ 3.03 a pound.
NEW YORK / LONDON, Jan 18 -
Gold was flat in a narrow range on Thursday, first dipping as the dollar
rose and then
rising as the dollar moved lower, but
bullion's gains were limited by higher U.S. $ 12, or 0.9 percent, at $ 1,327.20 per ounce.
Gold is highly sensitive to
rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding
bullion while boosting the greenback.
Spot
gold prices
rose for a fifth successive day on Thursday, with
bullion up about 4 percent since the start of the year.
The company's
gold division, despite the strong
rise in the
bullion price, remains second - rate and most of this year's forecast pre-tax and pre-interest profit of $ 132 million (up 12 per cent on 2003) will come from tantalum.
Gold is highly sensitive to
rising U.S. interest rates, which increase the opportunity cost of holding non-yielding
bullion while boosting the dollar, in which it is priced.
Gold bullion to rally on weaker dollar, rising US inflation & deficit — analyst © Ralf Kunstmann / Global Look Press The second quarter expects to see another gold rall
Gold bullion to rally on weaker dollar,
rising US inflation & deficit — analyst © Ralf Kunstmann / Global Look Press The second quarter expects to see another
gold rall
gold rally...
While I expect that
gold bullion and the HUI will
rise to much higher levels during the second half of this year, I don't have a strong opinion on whether they will break above their nearby resistance levels within the next few weeks.
But one argument that several
gold bulls have advanced is that, even as
gold bullion has dropped, the shares of
gold mining companies have
risen.
There is no requirement to actually purchase for example
gold bullion if you wish to place a Binary Options trade on the value of
gold, you need to decide whether the value of
gold will
rise in value or fall in value over any given time period.