OurFinanceBlogs.com - Australian Finance Blogging Community

Price discovery for physical gold for purchase

Posted by cij on Nov 28th, 2008

Over the past 4 months, spot gold prices had fallen from a high of around the US$950 level to a low of just above US$700. While the spot gold prices had fallen, a curious phenomena happened- physical demand for gold had in fact increased. In Australia, the Perth Mint Gold had to stop taking orders [...]

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Gold Still Shines

Posted by Debbie on Nov 26th, 2008

Gold is bouncing back. According to the World Gold Council, which has released its last statistics recently, the demand has surged on the third quarter: from the jewellery industry first, but also from investors through certificates and ETF’s.
The physical demand has surged in Europe and in the US, but despite those flows prices remained between [...]

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Aluminium to Bounce Back, But Not Yet

Posted by Debbie on Nov 18th, 2008

Aluminium prices have been strongly impacted by the decline of the global demand, whereas the offer was increasing significantly due to the massive investments realised these past years in production capacity.
As a result, this disequilibrium generates several consequences, where the most important one is of course the severe decline in prices since last July.
At the [...]

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Can Iron Ore Make a Comeback?

Posted by Debbie on Nov 17th, 2008

Unfortunately we couldn’t find a chart for iron ore today. And we didn’t dare ask anyone at BHP Billiton whether they had one handy. But we did manage to get our hands on a chart from the London Metal Exchange (LME) for the price of Steel Billet.

The LME has only been quoting prices for steel [...]

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