RSS FeedJewelry News Network: WGC Report: Q1 Gold Prices Reach New Heights
“Gold's performance in Q1 2011 was characterized by continued concerns over the global economy, which led investors to become increasingly aware of gold's qualities as a preserver of wealth,” said Juan Carlos Artigas, WGC Investment Research Manager. “Our intelligence indicates that purchasing confidence in key jewelry markets, notably India and China, increased during the period, as price volatility declined and the dollar weakened against local currencies, resulting in a more measured price increase.” A key trend noted in the Gold Investment Digest is the growing concern over global inflation, with comments by the U.S. Federal Reserve signaling an extended period of low rates serving to increase inflation expectations in the US. While inflation in countries such as India and China appears to have subsided to a degree, it still remains high. Moreover the threat of food price inflation is a growing concern for consumers around the world. In this environment, gold...
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Kingold Jewelry, Inc. Issues Open Letter to Shareholders WUHAN CITY, China, May 2, 2011 /PRNewswire-Asia/ -- Kingold Jewelry, Inc. ("Kingold" or the "Company") (NASDAQ: KGJI), one of China's leading manufacturers and designers of 24-karat gold jewelry and ornaments, today released an open letter to |
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Bring Your Bling to a Gold Party They melt down the scrap gold they buy, including the booty from other gold party companies, and resell it on the New York Mercantile Exchange and to jewelry manufacturers. "We started out buying maybe 50 ounces of gold a week," Zvacek says. |
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Sellers fuel a new gold rush Most of the gold he and other resellers buy goes to a refiner who melts it and resells it. "It's like a recycling program," Mastronardi said. "The melted gold goes to a jewelry manufacturer who makes jewelry and resells it." Higher gold prices don't |
