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 [...]
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 [...]
For many decades, gold has been considered the best investment. But in the first few months of 2011, the price of silver has shot up drastically, making investors contemplate whether silver has overtaken gold as the best precious metal investment.
To put this into perspective, gold is the only precious metal investment that increased [...]
The gold price opened the first full week in July to the upside, surging higher by $19.25 Tuesday morning to $1,507 per ounce. After falling 1.1% last week, gold moved higher Tuesday morning on the back of bargain hunting in the precious metals sector. Gold climbed $14.85 versus Friday’s close to trade at $1,502.65 [...]
Gold and silver prices fell yesterday, but today they are currently trading up. The news around the Greek debt crisis continues to occupy the news cycle. Greek Prime Minister George Papandreou called on lawmakers to obey their “patriotic conscience” and back tougher austerity measures, as they began to debate a five-year budget plan yesterday. [...]
Despite an end to the four-day rally for gold prices, gold is still set for a 0.4 percent rise this week. That brings the gains for the month to 0.7 percent. Although gold prices remain nearly 2 percent south of early May’s record highs, I fill the stagnant prices bold well for gold.
May began with sharp declines in all commodities as a correction was bound to happen due to a bubble in prices. The beginning of the month brought a slew of doom and gloom investors predicting a bear market for precious metals. Despite calls to sell your metals, I believed the market was still strong [...]
Below is the following report from Bloomberg. Gold and silver continues to be under valued while wars, turmoil, and world wide debt continues to grow. My suggestion is to purchase gold and silver bullions and coins to protect your assets. Paper currencies has a potential to just become paper.
Gold rose for a [...]
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