ECONS001 LARRY HAVERAMP Done By: Table of Contents 1. GOLD 1 2. GOLD PRICE FORECAST- 31 DECEMBER 2014 2 3. OUR EXPECTATIONS AND THEIR REAONS 3 4. CONCLUSION 4 1. GOLD In the past, precious metals were as important as currency but now they are form of investments and industrial commodities. Gold is believed to be a traditional form of safe investment which people would like to purchase and keep for the future generations. Gold is also an asset which countries invest in as part of their
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Multiple Analysts The Gold price forecast for the year 2013 has been covered by multiple analysts. Here is their consensus: While the price of Gold has a gamut of forecast ranges for 2013, most experts remain bullish on the yellow metal for the year, though some have scaled back their estimates slightly over the past few months. A compilation of their predictions are listed below. Bank of America Merrill Lynch In a December 2012 report, Bank of America Merrill Lynch stated that Gold would average $2
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Multiple Analysts The Gold price forecast for the year 2013 has been covered by multiple analysts. Here is their consensus: While the price of Gold has a gamut of forecast ranges for 2013, most experts remain bullish on the yellow metal for the year, though some have scaled back their estimates slightly over the past few months. A compilation of their predictions are listed below. Bank of America Merrill Lynch In a December 2012 report, Bank of America Merrill Lynch stated that Gold would average $2
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GOLD TRADING SUMMARY: Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or harbor against economic, political, or social fiat currency crises. The gold market is subject to speculation as are other markets, especially through the use of futures contracts and derivatives. Gold price has shown a long term correlation with the price of crude oil. Indian measures to discourage gold imports is shutting the door on top exporter Dubai, where
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The Relationship among Inflation, Gold Price and US Dollar Abstract: This paper proposes a cointegration analysis method to explore the relationship among inflation, gold price and US dollar, using weekly, monthly data. With the VAR model, the three time series are formed to present the volatility of variables and the long-term equilibrium relationship. The Granger Causality test will proof whether each variable can be used to improve causality of another variable in the dynamics
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Corporation (IAMGOLD) is a mining company. IAMGOLD’s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas. IAMGOLD is focused in West Africa, select countries in South America and in the Canadian province of Quebec. The Company's operating mines include Rosebel Gold Mine, Essakane Gold Mine, Doyon Division Gold Mines and Niobec Niobium Mine. The Company's development projects include Westwood Project
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the global jewellery market because of its low costs and availability of high-skilled labour. The gold jewelry exports from India were US$ 554.45 million in December 2014, while silver jewellery exports were US$ 148.49 million, according to the latest data released by the Gems and Jewellry Export Promotion Council (GJEPC). The cumulative foreign direct investment (FDI) inflows in diamond and gold ornaments in the period April 2000-December 2014 were US$ 476 million, according to Department of Industrial
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yield upwards of 100 million ounces of gold. The Indonesian government was threatening to redistribute ownership of Busang, the mining region in which Bre-X had property rights, due to its fear that Bre-X was a short-term player not serious about extracting the gold or a long term commitment in Indonesia. These fears were justified given Bre-X’s small size (it had a net loss of $Cdn. 366,677 in 1995 compared to a net income of $Cdn. 218 million from Barrick Gold Corp., a potential government-corporate
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Title “Affect of Gold Prices on the Stock Market of Pakistan" Abstract The research is on the impact of gold prices on the stock market of Pakistan. With an increase in gold prices investors find it more profitable to invest their money into gold as the value of gold per gram is high due to its increased demand. When investors invest into gold naturally they don’t have money to invest in other places like stocks thus stock market is affected by gold prices. The attractive gold price takes the
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Demand in Indian Gold Market Speak of a Paradox? Demand for gold is a widespread observable fact across the world. However, the major demand for gold comes from five countries, namely India, Italy, Turkey, US and China. Among these countries, which account for 55% of the total gold demand, India’s share alone comes to around 25%. Cultural and religious traditions involving wearing of jewellery play a major role in influencing Indian gold demand. Around 75% of the world demand for gold is jewellery-based
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