Monthly Archives: January 2012

India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar.Sources expect China to follow suit. India and China take about one million barrels …

Gold rose 9% in dollar terms in 2011 After a tumultuous year in global financial markets, gold was one of the few asset classes to deliver positive returns in 2011, with the US dollar price of gold rising by 9% and ending the year at US$1,531/oz. < This also marked …

The remarkable rise in the price of silver A stronger euro and a weaker dollar have worked wonders for the once-thought-dead gold bull market and silver turned in its most impressive weekly performance in almost three months as the world continues to marvel at the surging demand for precious metals …

Silver up 13%, gold 6% since New Year Gold and silver have started the New Year with a bang with prices up by six and 13 per cent respectively. This appears to confirm that the end of 2011 was the end of the recent price correction in precious metals. The …

Gold steady; heads for third week of gains Precious metal often tracks the fortunes of the euro and stocks because of its safe-haven status, which allows speculators to sell the metal for cash to cover losses in other markets, especially during the period of uncertainty in Europe < Gold regained …