Data produced by the World Gold Council (WGC) shows that whilst concerns have grown about the weakening dollar, about $28 billion worth of gold was bought by central banks this year. The countries to buy gold on the largest scale have emerged as China, Russian and India. But significantly smaller countries have also invested in gold like the Philippines, Kazakhstan, Sri Lanka and Mexico.The value ... More...

A person who remained anonymous and has not yet revealed their identity placed a Canadian gold coin worth hundreds of dollars into a Salvation Army collection tin last week.The coin which dates from 1990 has the face of the Queen on one side and a maple leaf on the other. It has a face value of $50 but in the current climate where investors are keen to buy gold because of its increasing value it c... More...

Economic uncertainty this year has led investors to seek a safe haven in traditionally safe assets. More have decided to buy gold in this unpredictable year.The price of gold continues on a generally upward trend with small fluctuations caused by external factors.The price of gold has recently topped record highs reaching a value of above $1200 and ounce.There is growing optimism that the US unemp... More...

Reports today indicate that spot gold prices have steadied after recent uncertainties with news that Dubai is to receive a bailout from its neighbour, Abu Dhabi. The news of the $10 billion bailout after the financial collapse of Dubai has increased confidence in the gold market but weakened the dollar.Dubai plans to use a proportion of the bailout to repay the debts at Dubai World. The news has s... More...

Gold continues to feature all over the press and media as its price continues to rise consistently and investors continue to buy gold. For example, the prime-time daily magazine programme “The One Show” featured an article on gold in a recent programme.BBC televisions financial reporter, Adam Shaw, questioned where financial security could be found in our current economic crisis. A representative ... More...

Gold has continued its upwards trend reaching record highs of nearly $1,200 an ounce today and recovering from Friday’s losses.For those wanting to buy gold, U.S. gold futures for December delivery were up $13 to $1,194.10 an ounce after reaching $1,199.30 this morning.Gold prices had dropped by approximately 5% on Friday because of concerns about the request from the state-run investment company ... More...