The Gold Economy

Gold may inch up in price gain for a second day as investors who are worried about the debt burden hanging over Europe and possible default by Greece rush to find safe havens in precious metals. News reports from Melbourne, Australia shows that at about 10.00a.m local time on September 14, gold had gained about 0.2% to reach $1,837.43 per ounce before settling for $1,836.97 at that early morning trading session.

The debt burden is weighing heavily on Europe as ‘’uncertainty pervades the entire European market’’ as noted by Natalie Robertson who is a commodity market… Continue reading

Market concerns over the perceived weakness in the value of the US dollar were reported to be responsible for a moderate gain in the prices of gold futures on the COMEX division of the New York Mercantile Exchange as the price of gold ended slightly higher on September 13 as investors considered investment in gold as a safe haven and a better alternative.  Gold for December delivery gained $16.8 to reach $1,830.1 on the exchange which is about 0.9 per cent price appreciation.

Unconfirmed reports states that German and French authorities are working to ease the tension… Continue reading

Gold recedes on Thursday unexpectedly for the first time in three days after the performance data of the United States manufacturing sector, the ISM, proves better than the common expectations of many analysts and stocks were lifted up in response to the glad tidings.

Gold had posted a dramatic appreciation in price and its strongest gain in the month of August on the hill of speculations that the Federal Reserve would mint more money to ease the economy which had almost slipped into recession and which could have fuelled more inflation and a further loss of… Continue reading

NS Gold TM is a first ever gold-based automotive emissions control catalytic converter invented by Nanostellar Incorporated. This gold-based automotive catalyst is now being commercially produced by four biggest diesel car manufacturers based in Europe for the benefit of the environment and the automotive industry.

The World Gold Council is reported to have provided a further financial investment which Nanostellar Incorporated; the developer of the gold-based device requires for improving the accelerated wider acceptance of the emissions controlled catalytic device.

This device has been confirmed to provide up to a significant 30 per cent emission… Continue reading