Archive : Gold Futures

Gold has been valued by man since almost the dawn of time. The rarity of the metal and its physical appeal has made it sought after for jewellery and as a source of wealth and power. Gold has been the basis of many currency systems since recorded time and as recently as the 1970s, it formed the (theoretical) backbone of international trade transactions. Gold has always been seen as a safe haven investment [...]

A month ago it became known that George Soros sold $800m worth of gold, but it is just this week that Russia claims IMF Chief Strauss-Kahn was framed for discovering all US gold from Fort Knox is gone! Two different stories may have great impact on the gold price. Gold futures declined this week from $1,554, although the all-time high for the precious metal stands at $1,564 reported during May. Gold [...]