Comex gold futures prices ended the U.S. day session sharply higher Tuesday on fresh safe-haven investment demand. Investor risk appetite retreated Tuesday in the wake of some fresh, anemic gross domestic product figures coming out of the European Union, and on an uninspired reaction to the results of a meeting between French and German [...]
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 [...]
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 [...]
Comex gold futures prices ended the U.S. day session sharply higher and set another new all-time record high of $1,647.80. Strong safe-haven investor demand amid several market place worries continues to boost the precious metals markets, and especially gold. It did not take traders and investors long to look past the U.S. debt limit [...]
Gold prices ended the week the way it began, hitting a record price in New York Friday, as equities retreated with news of a slowing economic recovery.
The Commerce Department said the real gross domestic product rose 1.3 percent in the second quarter, down from 1.9 percent in the first quarter of the year.
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WASHINGTON (MarketWatch) — Congress resists a White House request to raise the limit on how much the U.S. can borrow. The president warns of disaster. And the fight goes down to the wire. Sounds like the current budget standoff, right? Or the famous dustup between President Clinton and a Republican Congress in 1995-1996? Try [...]
Gold futures ran to record highs and then pared those gains Wednesday as the market oscillates while traders monitor U.S. budget and debt-ceiling talks.
“All of the markets at the moment are fixated on the U.S. and the debate on our debt,” said Frank Lesh, broker and futures analyst with FuturePath Trading.
As of [...]
Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama’s appeal for lawmakers to break a deadlock in US debt talks would succeed. Also, the euro zone debt crisis lent support as well. Spot gold was little changed at $1,615.36 an ounce, slightly firmer after Obama [...]
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 [...]
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 [...]
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