Gold futures edge higher after testing support levels (GoldCore Quoted)
Sep, 30, 2009 | MarketWatch
"The erratic nature of the dollar, at the moment, means that gold may still have its direction dictated by dollar volatility and traders may exploit this and push the limits of gold support in the short term, looking for favorable entry points," said analysts at GoldCore in a note.
Gold Declines as Dollar Rebound From One-Year Low Curbs Demand
Sep, 21, 2009 | Bloomberg.com
Gold fell, cooling a rally that sent prices above $1,000 an ounce this month, as a rebound in the dollar curbed demand for precious metals as a hedge against inflation.
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“With all the talk of ‘green shoots,’ people are beginning to worry about the long-term prospects for inflation,” said Mark O’Byrne, the managing director of broker GoldCore Ltd. in Dublin. “There’s also a worry about debasement of currencies, primarily the dollar.”
Gold futures rise, hit 18-month highs
Sep, 17, 2009 | MarketWatch
"Gold has found its footing in the low $1,000-an-ounce and looks set to launch an assault on the all-time record nominal high," analysts at GoldCore wrote in an email.
GoldCore in Bloomberg
Sep, 16, 2009 | Bloomberg.com
“Gold is continuing to knock on the $1,000 door without making a concerted effort either way to test resistance or support,” GoldCore Ltd., a brokerage in Dublin, said in a note. “Gold needs to push above $1,012 in the short term and $1,020 in the longer term for the upward momentum to be regained.”
GoldCore in Marketwatch
Sep, 16, 2009 | MarketWatch
"Gold is continuing to knock on the $1,000-an-ounce door without making a concerted effort either way to test resistance or support," analysts at Goldcore said in a note.
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"Although there does not seem to be any particular pressure from profit taking, gold needs to push above $1,012 an ounce in the short term and $1,020 an ounce in the longer term for the upward momentum to be regained," according to Goldcore.
RTE Morning Business News
Sep, 09, 2009 | RTE Radio
The price of gold has broken through the significant $1,000 barrier again and it is up nearly 14% this year. Gold prices are linked to the dollar and when the dollar weakens - as it is doing right now - gold tends to rise. The precious metal is looked on as a safe haven for money and this latest surge had been driven by speculators who want to avoid inflation eating up their assets' values.
Steven [sic] Flood is a director of the Goldcore company, which acts as a broker for anyone looking to buy or sell gold. He says the current gold rush may be indicative of the fact that the talk of green shoots of recovery may be a bit premature and says the world economy is still in a contraction phase. He says a lot of economists, bankers and investors are looking towards governments to see
Gold futures edge down, trading just below $1,000-ounce
Sep, 08, 2009 | MarketWatch
"Even though a firmer dollar and a bout of profit-taking pulled gold back from $1,000 an ounce last week, it only retreated as far as $986 an ounce before climbing back to $994 an ounce," wrote analysts at bullion dealers GoldCore. "This is a strong indicator that gold can maintain its bull trend."
Gold approaches $1,000 an ounce
Sep, 04, 2009 | The Financial Times
The gold price has risen to its highest level in six months, as stock markets waver and investors move to hedge their portfolios against inflation.
The metal hit $992 a troy ounce this week. Analysts at GoldCore, the bullion dealers, said they expected investors to take profits once the price hit the psychological mark of $1,000.
Gold Gains Most Since March on Investment Demand; Silver Rises
Sep, 02, 2009 | Bloomberg.com
“A sustained push for that all-important psychological level of $1,000 an ounce, and beyond, on safe-haven demand seems likely in coming weeks,” GoldCore Ltd., a brokerage in Dublin, said today in a note.