- Gold Bullion jumped above $1500 per ounce in London on Wednesday, setting new Dollar and Sterling highs but falling sharply against the Euro as the single currency rose to its highest level since 2009.
- What's your true level of risk today? No idea. But the least your fund manager, advisor or favorite financial columnist can do today is remember the lesson of 2007, and highlight the range of risks and possible fall-out which might lie ahead. Take inflation, for instance. Though small, the risk of currency devaluation and hyper-inflation in the developed West is still materially underpriced by gold bullion
- The Gold Price rose new all-time highs vs. a falling US Dollar on Monday morning in London, hitting almost $1445 per ounce as European stock markets held flat and major-economy government bonds slipped, nudging interest rates up.
Gold Bars Market Very Tight in Hong Kong, Western Profit-Takers Warned of Robust Physical Gold Buying in AsiaTraders are talking about buying dips again, concurs a Hong Kong dealer, noting that Asia physical market remains very tight for Gold Bars. Reuters says the Hong Kong premium for wholesale Gold Bars over benchmark London prices today held at $3 per ounce, a near 30-month high.
- Gold Prices slipped to a two-day low in London dealing on Wednesday, dropping 1.5% from yesterday's Dollar high at $1408 per ounce as Asian stock markets closed up to 2% lower and European stocks lost 0.7% on average.
- The Gold Price in Dollars hit a 3-session high in London on Monday, rising alongside world stock markets and commodities on what one trader called relief that Beijing did not hike Chinese interest rates as expected at the weekend.
- French food group Danone said on Tuesday that it was not holding talks with U.S. paediatrics formula maker Mead Johnson and was not seeking any advice on the issue.
- Quintessential New York filmmakers Spike Lee and Robert De Niro have teamed with Showtime to develop a drama series about Lower Manhattan's Alphabet City.
- European beer maker InBev NV, which owns the Becks and Stella Artois brands, is preparing a $46 billion buyout offer for American rival Anheuser-Busch Cos., the owner of the Budweiser brand, according to a report.