Gold Clinging On To Its Traditional Role

Gold regained the $800 an ounce level by close of trading on Wednesday before the Thanksgiving holiday.

 

Trade was thin with oil closing in on $100 a barrel, a weak dollar and equity markets being responsible. As many traders are expecting a global economic slowdown, gold retains its traditional role as a safe haven in troubled times.

 

This news item caught our eye. It appears that rumors of a gold “strike” have sent Malayan villagers scouring a beach in Johor state for the yellow metal. Let us all wish them luck.

 

Scientists in Italy have developed a cell with two compartments filled with water separated by an electrode made of Platinum and Titanium Dioxide that acts as a catalyst.

 

When exposed to sunlight Hydrogen and Oxygen are created. This process can be a low cost and environmentally friendly addition to non-carbon based energy resources.

 

A report from Johnson Matthey PLC a leading London metals specialist, believes that the price of Palladium will rise within six months led by increasing demand from Asia for use in catalytic converters in the auto industry.

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