Proactiveinvestors recommends
Additional Information
Market: LME
Sector: General Mining - Gold
EPIC: GOLD
1 year chart
digital-look imported chart image
Deal GOLD Tax Free*
*subject to change and depends on individual circumstances.
1 day chart
digital-look imported chart image
Advertisement
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
GOLD
www.gold.org
Deal GOLD Tax Free* Losses can exceed
your initial deposit *subject to change and depends on individual circumstances.

Gold is a highly sought-after precious metal which, for many centuries, has been used as money, a store of value and in jewelry. The metal occurs as nuggets or grains in rocks, underground "veins" and in alluvial deposits. Modern industrial uses include dentistry and electronics, where gold has traditionally found use because of its...

Read more
Full GOLD profile here
Pdf

Gold jumps to $975 after US Private Sector Job Report Disappoints

September 02 2009, 4:05pm Gold jumps to $975 after US Private Sector Job Report Disappoints

After holding a relatively narrow trading range this morning, with selling in the early part of the session, gold prices jumped 1% after a worse than expected private sector employment report in the United States fuelled a jump in demand for gold.


The December gold contract rose to $975/ounce following the report.


Equity indices appear subdued this afternoon with London’s FTSE 100, the S&P500 and the DOW all staying in the red. Less positive sentiment for equities is also being driven by many market commentators questioning the sustainability of the recently global market rally.


Gold bull remained positive on the outlook for the shiny metal, with some analysts stating that as investor confidence shifts away from ‘overvalued’ equity markets, gold may test the $1,000 mark yet again: "With equity weakness still very much to the fore, a sustained push for that all important, psychological level of $1,000 an ounce and beyond on safe-haven demand seems likely in the coming weeks," stated analysts at Goldcore.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.