Gold hit a record for a second straight day yesterday, driven by deepening fears over the spread of the European debt crisis and its impact on regional growth, while data showed a number of central banks bought gold in June.
The United States managed to avert an unprecedented debt default on Tuesday after lawmakers [...]
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.
Eric Sprott is CEO of Sprott Asset Management and a long-time proponent of owning both gold and silver. He is also a long-time proponent of the belief in the conspiracy theory whereby large financial institutions are colluding to drive silver prices down, as when prices fell from around $50 to $32 an ounce in [...]
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 [...]
Bloomberg is reporting today that “most emerging-market stocks fell, with two shares dropping for every one that gained, amid concern tighter monetary policies will hit company earnings and hurt the [...]
Changes to trading deposits are a routine part of the gold and silver market surveillance. I do not want to argue the free market aspects of a governing body regulating prices in the market, but I want to turn your attention to the benefit First National Bullion and Coin see ahead in the silver bullion [...]
Gold and silver prices were giving back some of their gains Wednesday, a day after technical trading drove the metals up through key resistance areas, after Federal Reserve Chairman Ben Bernanke told the House Budget Committee that he expects swifter economic growth in 2011. George Gero, senior vice president at RBC Capital Markets, said that [...]
SAN FRANCISCO (MarketWatch) — Gold futures rose to a nearly three-week high on Tuesday, extending gains after China’s central bank raised interest rates to cool inflation pressures, while other metals followed suit. Gold for April delivery rose $19.20, or 1.4%, to $1,367.50 an ounce on the Comex division of the New York Mercantile Exchange. A close [...]
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