Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
Wednesday, 6 May 2009
Update 06 May 2009
Gold price in NZD (blue) and USD (Green) daily average
A busy night, the US Fed reserve believe we are at the bottom and climbing back out of the recession. Gold broke through USD$910 before dropping back down to just below USD$900 at close.
NY gold ends up on fund buying amid inflation worry
Gold rises on worries over banks; copper falls first day in five
Gold Climbs to One-Week High as Dollar Declines; Platinum Gains