Gold declined from its record above $1,800 an ounce after CME Group Inc. boosted margins on futures contracts, prompting some investors to sell the metal after a four-day rally.
Bullion for immediate delivery dropped as much as 0.8 percent to $1,779.20 and traded at $1,789.07 at 11:19 a.m. in Singapore. Earlier, the metal rallied [...]
Gold prices continued rising Tuesday, hitting a fresh intra-day high of $1,782.50 an ounce and ending above $1,740 for the first time amid concerns about the U.S. economic outlook. Gold futures for December delivery climbed $29.80 from Monday to close at $1,743.00 an ounce on the New York Mercantile Exchange.
Gold continued attracting buyers [...]
For the first time in history US treasury bonds are no longer triple-A rated. The bonds of Germany, France, Canada and the UK now have a higher rating. But don’t worry, Former Federal Reserve Chairman, Alan Greenspan, ruled out the chance on Sunday of a US default.
“The United States can pay any debt [...]
U.S. stocks cratered Thursday, sending the Dow Jones Industrial Average -4.31% to its worst-point drop since December 2008, as fears about the global economy sparked a broad sell off that accelerated into the close.
Gold rallied to fresh highs this afternoon shortly after the publishing of US jobs data which reported 400,000 Americans made [...]
Europe and Washington’s debt ceiling squabble has seen gold breach $1600 per ounce. The financial media’s standard line is that investors are scared and gold represents a “safe haven”. But how? What are investors scared of that’s led some of them to bid the gold price higher?
First off, a little context. Over the [...]
Gold fell for the third straight day as the euro advanced on a plan to contain the region’s debt woes, cutting demand for the precious metal as a haven. Gold futures for August delivery fell $9.90, or 0.6 percent, to settle at $1,587 at 1:45 p.m. on the Comex in New York. Prices are [...]
Gold has enough factors working in its favor at the moment that analysts say it would likely suffer no more than a temporary correction if one of the props—the U.S. debt-ceiling impasse—was resolved. The yellow metal moved above $1,600 an ounce for the first time ever Monday, even though summer is normally a seasonally [...]
Gold prices eased, from record overnight gains, Tuesday but likely to scale new heights during the day, analysts said. US gold for August delivery was seen trading at $1588 an ounce while Silver for September delivery was at $39.16 an ounce.
Gold may rally further from this month’s record if President Barack Obama wins [...]
The Telegraph sent out a very alarming article this morning. A world wide financial collapse could bring gold and silver prices to scary and unprecedented high levels. In the end wiping out any ones financial future who might be reliant on fiat money. Below is the article:
As the twin pillars of international monetary [...]
Gold and silver prices rose very sharply yesterday over the news of Bernanke’s testimony and Moody’s rating warnings over US debt concerns.
Today, The Labor Department says that weekly applications dropped 22,000 to a seasonally adjusted 405,000, the lowest level in almost three months.
The government says the total was increased by 11,500 state [...]
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