Gold prices likely to lift, says Godsell
01/26/2004

BUSINESS REPORT - AngloGold chief executive Bobby Godsell expected gold prices, which touched a 15-year high this month in London, to keep rising, extending the life of mines and boosting industrywide exploration spending, he said on Friday. The gain was making more of Johannesburg-based AngloGold's projects viable, the head of the world's second-largest gold producer said...
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Influential Muslim Mahathir Call Saudi Arabia: 'Sell oil for gold, not dollars'
01/19/2004

Aljazeera.Net - Former Malaysian Prime Minister Mahathir Muhammad has said Saudi Arabia should sell oil for gold, not dollars, to avoid being "short-changed" by a decline in the US currency... He suggested countries tally their total annual imports and exports and settle the difference at the end of the year in "gold dinars"...
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Japan gold rush seen ahead of bank deposit reform
01/13/2004

REUTERS - From cuff links to a bonsai tree with finely crafted spiky leaves, virtually everything on display at the store in Tokyo's ritzy Ginza district is made of the shiny metal. The store, run by Japan's top bullion house Tanaka Kikinzoku, was doing a brisk business at the start of the year with...
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Bundesbank Seeks Option to Sell 600 Tons of Gold
01/22/2004

BLOOMBERG - The Bundesbank wants the option to sell 600 tons of gold over the next five years as part of a new agreement on divestments of the metal by central banks, said Udo Fleischer, a spokesman for the Bundesbank. The current five-year agreement of 15 central banks, the so-called Washington Accord...
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PRECIOUS METALS FORECASTS 2004 - Gold set for 15 pct rise in '04, chained to dollar
01/16/2004

REUTERS - Gold was seen scoring double-digit gains for the third successive year in 2004 ... The global survey of 28 analysts forecast that gold would average $419.50 a troy ounce in 2004, up 15.3 percent on 2003. But gains were then seen slowing, linked to forecasts for the start of a dollar recovery, with an average for 2005 of $400.00, up 9.9 percent on the 2003 level of $363.83...
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IMF Researchers: US Budget Gaps Endanger Global Economy
01/08/2004

WASHINGTON (Dow Jones)--Economists at the International Monetary Fund (news - web sites) on Wednesday expressed alarm at growing U.S. budget deficits, saying continued deficits could hurt the global economy by roiling currency markets and driving up interest rates.
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