The price of gold slipped slightly last week, which is in stark contrast to what the so-called "experts" said to expect long term. Analysts at Morgan Stanley and UBS said Wednesday they expect gold prices to trade higher in 2009, benefiting from some safe-haven buying as well as long-term concerns
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Although platinum is 30 times rarer than gold, the two metals' prices collided throughout the day and finally closed with gold at $822 per ounce and platinum at $823! Today's $1 spread was nothing short of historical for precious metals; the last time platinum and gold met at such close quarters was
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The interesting thing about the internet these days is that we can see the inter-play of gold prices and the international economic climate. We can read about laid-off retail workers in England, nervous buyers in Israel and the Mideast, and frightened consumers around the United States.
But
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Goldminers and the companies they work for are “hunkering down” for a long and difficult winter, but not the one we normally think of. North American mining companies are preparing to ride out the winter of a global economic slowdown; looking to rein in spending and perhaps delay some projects
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