Gold price in USD$ vs NZDUSD exchange - this is a very good demonstration of how the moving USD$ value is keeping the NZD price of gold very stable at the moment, almost every move in the gold price is shadowed by an equal movement in the exchange rate, highlighting the capability of Gold to also act as an exchange rateRussian Central bank buying increases by 300,000oz *(9.3tonnes)
IMF approves sale of 403 tonnes of gold *(12,956,750.9oz)
The Vix rate drops to its lowest rate in a year
The US Dollar drops to its lowest level in a year
Strong data takes a toll on Bonds, continues the expectation of inflation
Gold expected to rise above USD$1100 in 2010 on central bank buying
Gold industry faces reserve crisis - given the rapid escalation of Gold prices, demand and a reduction of supply, is there going to be a tipping point for immediate supply on a global scale?
