NEW YORK, NY -- (Marketwire) -- 05/17/11 -- After a surprising drop to kick off the month of May, gold prices have begun to stabilize as US budget concerns and fear of inflation in emerging markets has led investors back into the precious metals market in order to avoid currency fluctuations. The Bedford Report examines the outlook for the Gold Market and provides research reports on NovaGold Resources, Inc. (NYSE Amex: NG) and Rubicon Minerals Corporation (NYSE Amex: RBY). Access to the full company reports can be found at: www.bedfordreport.com/2011-05-NG www.bedfordreport.com/2011-05-RBY Gold producers remain optimistic about the outlook of bullion prices. According to a report by metals consultancy GFMS Ltd. and Societe Generale, gold miners cut their combined hedge position by almost 25 percent during the last three months of 2010. Hedging programs allow producers to lock in current gold prices for future production, which guards against any potential price declines in the future. The strategy can backfire if spot metal prices rise above the hedged price. The buying back of outstanding hedge positions was a key element in gold's rally over the past decade. The Bedford Report releases regular market updates on the Gold Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters. A recent report from the World Gold Council (WGC) titled 'India: Heart of Gold' argues that Gold demand in India will continue to be robust in the next decade. The report estimates that cumulative annual demand will be in excess of 1,200 tonnes by 2020, registering a growth of 33 percent. Presently, India accounts for 32 percent of the global jewelery and investment demand. "Demand for gold will be driven by savings and growing income levels," said Ian Tefler, chairman of WGC. The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer. Add to Digg Bookmark with del.icio.us Add to Newsvine

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