Gold Articles
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391. All fall down -- Polyus Gold board in recrimination, as share price drops
Independence of directors and Kazimir offer trigger infighting on the Polyus Board of Directors
22 May 2008
392. Closing Glance: Gold mining shares finish lower
Shares of gold mining companies mostly fell Thursday as the price of the precious metal declined in U.S. trading. Gold for June delivery dropped $10.30 to $918.30 an ounce on the New York Mercantile Exchange, its first drop in six sessions.
22 May 2008
393. Sell GLD, Buy GDX ?
Gold's midweek gains were partially given back on Thursday, as the greenback rallied from its lowest level in a month amid rising speculative bets the Fed will start raising interest rates by year-end, its current 'stand pat' signals
22 May 2008
394. PRECIOUS METALS: Gold, Silver Fall as Dollar Rebounds, Oil Drops
Gold futures ended sharply lower on Thursday, down from a one-month high as the dollar rose against other major currencies and crude oil dropped from a record, eroding the appeal of the precious metal as a hedge against inflation.
22 May 2008
395. Opening Glance: Gold mining shares waver
Shares of gold mining companies wavered in Thursday morning trading even as the price of the precious metal gained in European trading. Gold recently traded in London at $928.25 per troy ounce, up from $927 late Wednesday.
22 May 2008
396. Time for the Miners to Shine?
A broader range and added volatility were the main features in the gold markets overnight, as crude oil vaulted past $135 per barrel but the dollar changed course and briefly recaptured the 72 mark on the index. The greenback rallied
22 May 2008
397. Ahead of the Bell: Goldman raises target on CVS
A Goldman Sachs analyst said CVS Caremark Corp.'s new business model is showing promise and raised his price target on the No. 1 U.S. pharmacy chain in a client note Thursday.
22 May 2008
398. Ahead of the Bell: Goldman Sachs cuts UBS target
A Goldman Sachs analyst lowered his price target for Swiss bank UBS AG due to the pricing of a new rights issue by the bank. Analyst Christoffer Malmer reduce his price target for UBS to 34 francs ($32.53) from 35 francs ($33.49).
22 May 2008
399. Gold Investments Market Update - Western Economies Experiencing Early Stages of Stagflation
Gold and silver continued to surge yesterday with gold up nearly 1% (up $8.25 to $927.80) and silver up 2% (up $0.35 to $17.97). Gold continued to rally in Asia but has succumbed to some profit taking in early trade in Europe.
22 May 2008
400. US dollar down in Europe
The U.S. dollar was mostly lower against other major currencies in European trading Thursday morning. Gold rose. The euro traded at $1.5767, down from $1.5780 late Wednesday in New York.
22 May 2008
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