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Gold mostly steady, ETF unchanged
Reuters via NineMSN
Gold was mostly flat on Friday, steady from the previous day when it ended lower as the dollar strengthened, dulling the precious metal's appeal as a currency hedge.
Gold Will Hit $2,000 on 'Confetti Paper' Fears: Strategist
CNBC
Gold is the safest asset to buy in these times as, despite reassurance from central banks, inflation is likely to crop up again next year or in 2011, Philip Manduca, investment manager at ECU Group, told CNBC Thursday.
Worse than subprime? Other mortgages imploding slowly
Yahoo
Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump.
Commentary
The Golden Wall of Worry
Marketwatch
In late May, when I last wrote about gold market sentiment, bullishness among gold timers was at a three-month high. And, as I reported then, this meant that contrarian analysis was forecasting lower gold prices.
Insight: New order still needs the dollar
The Financial Times
Dmitry Medvedev, Russian president, this week reminded us that top officials are serious about international monetary reform.
From silver to gold; and from sterling to dollar
The Nation
Modern economists tend to forget the first great global imbalance occurred during the Ming Dynasty, when China ran a huge current-account surplus with the West. Chinese exports of porcelain, silk and spices were paid for by silver.
What now for the dollar?
Moneyweek
The dollar has lost more than a tenth of its value relative to other major currencies since its March peak. This decline seems to have been triggered by growing nervousness among central banks and other foreign investors ...