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 [...]
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 [...]
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 [...]
Greece’s parliament passed the first of two austerity measures on Wednesday despite escalating street violence. It is expected to vote in favour of the final austerity bill later on Thursday.
Here are what some of the experts are saying:
“Gold has got to stay supported, however this plays out. The fact is Greece is [...]
News pundits and talking heads are using the recent fall in prices as proof that the gold and silver market is too fragile and investors should stay clear of the market. Please allow the numbers to put everything in perspective. Despite the recent fall in gold and silver prices, precious metals have still out [...]
(Bloomberg) Gold may gain for the first time in three days in New York as physical buying and concern about Europe’s debt boosts demand for the metal. European finance officials endorsed a bailout for Portugal as Luxembourg Prime Minister Jean-Claude Juncker said the region’s ministers floated the idea of extending Greece’s debt- repayment schedule. [...]
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