Gold might not have been a great investment, which was evident in a Reuters report about John Paulson not making any additional investments on buillion as his PFR Gold Fund lost 63% this year so far.
Tags: Gold
Gold, silver, rallies after worse year for precious metals
Despite recording huge losses in 2013, gold and silver investments are seen increasing, and analysts attributed these to the improving major economies, including the US.
Gold set to incur its biggest yearly loss in 30 years - report
A report on Arabian Business read that gold will be recording its lowest annual plunge since three decades ago due to combined pressure from the monetary stimulus easing of the US Federal Reserve.
Gold rises in third consecutive day as investors await Fed stimulus taper decision
As investors await for the decision of the US Federal Reserve to the timeline when it will begin with its tapering of its monthly bond purchases, prices of gold and other minerals saw increases in the financial markets.
Gold loses its shine as funds predict 31% drop this year
Dara compiled by Bloomberg indicated that investors are exiting from their gold-backed exchange-traded products this year. $69.5 billion in value was removed in the ETPs and analysts expect an additional 311 tons will be removed from the ETPs next year.
Latest News
The network branches of India Infoline Finance had been set to expand its clientele and service offerings.
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Barrick temporarily stopped the construction of the controversial Pascua-Lama gold mine project due to a court suspension issued last Monday.
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
Evy Hambro of BlackRock Inc said that a few gold miners would go out of business due to slumping prices and increasing costs.
Global trades on bullion fell as the United States' credit outlook gets boosted by Standard & Poor's.
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
Gold prices surge as many investors opt for the metal in light of the Cyprus meltdown. Gold values expected to increase in the next quarter because of the current Cyprus crisis.
Investors of Commodity exchange-traded funds (ETFs) are shifting their interest to funds with broad commodities exposure.
