Good Reads
Gold rises to over two-month peak as US inflation data dampens rate hike bets
Gold rose on Wednesday to a more than two-month high, supported by a softer dollar after a U.S. inflation reading matched expectations, bolstering bets that the Federal Reserve will keep rates on hold in September. Bullion scaled to its highest level since June 5 earlier in the session. U.S. gold futures rose 0.7% to $4,470.30. Read on »
Elliott turns up heat on Northern Star with six board picks
Activist investor Elliott Investment Management is escalating its campaign against Northern Star Resources (ASX: NST), naming six potential directors after talks with Australia’s largest gold miner failed to produce an agreement on board changes. Read on »
Gold Price History And The 2008 Financial Crisis
In the 18 months before the GFC hit with full force, the gold price had quite the journey. It began 2007 near $600/ounce, and it rallied nicely through the summer with price near $660 in August. But then it shot higher with price reaching a peak of $1033 in March of 2008. That's a 56% gain in under seven months. Read on »
Community News
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