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 [...]
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 [...]
Gold may gain for a third day in London as concerns about debt in Europe and the U.S. spur demand for the metal as an alternative investment. The Gold price bounced back amid bargain hunting on Tuesday, surging 1.31 percent or $19.60 to close at $1,515.40 an ounce as Gold benefited from Moody’s slashing [...]
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 [...]
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 [...]
Gold is off its recent highs, but Frank Holmes of US Global Investors says the bull trend is very much intact.
Gold is actually a seasonal investment, says Holmes. In the first sixth months of the year, investors focus on the “fear” trade–the hope that gold will insulate investors from carnage in other [...]
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. [...]
There is news that Greeks are withdrawing their savings to buy gold. There is a growing fear in Greece that the economic path the country is on is simple unsustainable and that a default is only a matter of time. This has let to many in Greece to close their savings accounts and buy [...]
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