Saturday, July 27, 2013

Gold Well Supported in Mid to High $900/oz Region

September 30, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold is currently trading at $1,001.80/oz and has bounced from a low of $991/oz and continues to follow currency movements. This week is the first week of the new Central Banks’ Gold Agreement, which caps gold sales from official reserves. The third CBGA pact, which will run until September 2014, will [...]

Central Banks Become Net Buyers Of Gold For First Time Since 1987

August 25, 2009 by · Leave a Comment 

By Patrick A. Heller, Numismasters One of the most respected analysts of gold activity, GFMS (formerly known as Gold Fields Mineral Services), reported last month that “Central banks’ swing into net demand territory during the second quarter of 2009 was something of an exception.” The exception is that this is the first time that central [...]