Gold can clean your drinking water
Source: Commodity Online

MUMBAI: Do you know that Gold can clean your drinking water?

According to a news article posted on the World Gold Council web site, gold nanoparticles ten thousand times smaller than a human hair could be used to break down chemicals in drinking water and reduce pollution.

It said the particles, which mix gold and palladium, are the creation of engineer Dr Michael Wong from Rice University in Houston, Texas. Dr Wong was recently named among Smithsonian magazine’s America’s Young Innovators.

His particles are used alongside hydrogen to break down harmful solvents and other chemicals in groundwater, making it safer for both humans and animals.

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Gold futures soar to record above $1,000 an ounce
By Polya Lesova, MarketWatch
Last update: 7:01 p.m. EDT March 13, 2008
Source: Marketwatch.com

NEW YORK (MarketWatch) — Gold futures broke above the psychologically key level of $1,000 an ounce Thursday, propelled by ongoing dollar weakness and bleak news from the financial sector.

Early Thursday, gold for April delivery soared to a record high of $1,001.50 an ounce on the New York Mercantile Exchange. This was the first time that gold surpassed $1,000 an ounce. Graphic: Timeline of gold’s march to $1000.

Later in the session, the gold contract gave up some of its gains and ended up $13.30 at $993.80 an ounce.

“Today’s spike will likely become known as the Carlyle/Drake rally,” said Jon Nadler, senior analyst at Kitco Bullion Dealers, in a research note.

“The imminent doom of the Washington-based bond fund and probable demise of the hedge fund sent icy shivers through the financial markets that way overshadowed the cheer we witnessed following the Fed’s term facility plan the other day,” Nadler said.

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Gold edges closer to $1,000
Mixed economic news and a surge in oil prices push the precious metal to record high.
By Ben Rooney, CNNMoney.com staff writer
March 5 2008: 3:46 PM EST
Source: CNN Money

NEW YORK (CNNMoney.com) — Gold prices surged to a record Wednesday, closing to within $5 of the $1,000 milestone, as a combination of record-high oil prices and the continued devaluation of the dollar brought buyers back into the market.

Gold for April delivery rose as high as $995.20 an ounce before easing back to $990.60, up $24.30, surging past the previous trading high of $978.50 an ounce, set last week.

Gold prices have flirted with the psychologically important $1,000-an- ounce mark in recent weeks as concerns about the health of the U.S. economy have made the precious metal more attractive to investors looking for a safe haven.

Meanwhile, oil prices surged nearly $5 a barrel amid concerns about dwindling supplies and OPEC’s decision to hold output steady.

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Bought a gold watch from a 2nd hand dealer recently. What I like about this watch is the 5 grams of 999.9 fine gold proof medalion of numismatic value.

The movement of this watch is also very interesting as it uses a stainless steel ball bearing to tell the time through a magnetic movement.

Made with Lacher swiss parts, this watch is distributed by B H Mayer’s Mint in Germany.

UPDATE 4-Gold steadies but long-term bullish trend intact
Wed Mar 5, 2008 11:19am GMT
(Recasts, adds quotes, changes prices, dateline, pvs SINGAPORE)
By Atul Prakash
Source: Reuters

LONDON, March 5 (Reuters) - Gold steadied on Wednesday after trimming gains as the dollar gained ground against the euro, but analysts said the long-term bull trend remained intact and the metal still had $1,000 an ounce in its sights.

Spot gold <XAU=> rose as high as $968.50 an ounce on bargain hunting before falling to $963.10/963.80 at 1107 GMT, against $963.20/964.00 in New York late on Tuesday, when it fell nearly 2 percent with a decline in oil prices.

Though gold remained below Monday’s record high of $989.30, analysts said it was still on track to hit $1,000, with oil prices hovering near an all-time high and the dollar’s appeal declining on expectations of more U.S. rate cuts.

“The next move in gold really depends on what happens to the U.S. non-farm payrolls data. If it’s much weaker than expected, the dollar would probably weaken and it would be definitely good for gold,” said Walter De Wet, analyst at Standard Bank.

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Gold plummets on profit-taking
March 4, 2008 3:38 PM ET
Source: MSN Money

NEW YORK (AP) - Gold fell sharply Tuesday after crude oil retreated and traders cashed in profits following the metal’s flirtation with the historic $1,000 mark. Silver and copper also declined.

Other commodities fell across the board, with corn, wheat, soybean and energy futures all trading lower in a broad futures sell-off.

Gold has gained more than 15 percent this year, driven up by record high oil prices, steep declines in the dollar and worries about a U.S. recession. The most-actively traded April contract hit an intraday high of $992 an ounce on Monday — a record high and just shy of the psychologically important $1,000 barrier.

Gold’s failure to breach the $1,000 mark triggered a sell-off, sending the metal $17.90 lower to settle at $966.30 an ounce Tuesday on the New York Mercantile Exchange. Gold fluctuated widely, trading as high as $990.30 and as low as $958.30.

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