Spot gold prices hit a fresh overnight all-time high above $1,622 the ounce as the overseas trading action reflected the continuing nervousness surrounding the US debt limit impasse. If there is one thing that markets want, it is clarity; this was made fairly clear ahead of last week’s EU summit on the issue of Greek debt. If there is one thing that markets abhor, it is uncertainty; that is being made amply clear right about now.
Conflicting talk, half-baked plans of short-term debt limit extensions, continuing warnings from ratings agencies, none of these sit well with those who normally make a buck on betting on a defined trend. Thus, the one beneficiary that thrives on ambiguity –gold — was the one in prominence among players over the past several days and hours. The only other thing in heavy ‘rotation’ was the number of […]
Leaders of three coin and precious metals hobby and professional groups are praising the Federal Trade Commission for acting on their suggested changes to the FTC’s 2010 online consumer advisory entitled "Investing in Gold? What’s the Rush?"
Some hobby and trade leaders were concerned that the original advisory contained some language that might be detrimental to reputable gold dealers and discourage collectors from acquiring gold coinage […]
Precious metals trading got off to a flying start on Monday, with gold prices rallying by $11.10 per troy ounce, and they were initially quoted at $1,443.90 on the bid side of spot after having touched early highs at a new, $1,445.90 per ounce record.
Gold trading positioning continued to show a rise in open interest for the latest reporting period (ending on March 4) and the net speculative length in the yellow metal is at its most robust thus far in 2011. Gold ETF balances however continued to experience […]
U.S. gold rebounded Friday, although prices fell short of the record high reached on Wednesday. Silver was on fire, jumping $1 on the day and closing above $35 an ounce for the first time since 1980.
Violence in Libya coupled with rising protests in other North African and Middle Eastern countries were pegged for gains in safe havens like gold and silver […]
Spot gold dealings opened with a $3.60 gain on Friday morning, and they were quoted at the $1,418.90 indication price.
Silver spot added 30 cents to open at the $34.53 level while platinum rose $3 to start the session off at the $1,828.00 mark per ounce.
Palladium dropped by an equivalent amount, to open at $810 the troy ounce, while rhodium remained unchanged once again, and […]
U.S. gold broke away from an all-time record while silver prices fell from their more than three-decade high. Each of the metals declined 1.5 percent on Thursday.
April gold prices fell $21.30 to settle at $1,416.40 an ounce on the Comex in New York. It ranged between $1,412.20 and $1,436.90. Gold closed at $1,437.70 on Wednesday, its best settlement ever […]
The hitherto easy going in gold’s climb to new records ran into a couple of difficulties overnight and this morning, as talk of a Hugo Chavez-brokered Libyan mediation plan and a couple of other important market impact factors prompted some profit-taking sellers to do just that and drag prices to just under current support levels…
The second news item to undermine gold’s recent oil-driven rally was the fact that […]
U.S. gold extended its record high for a second straight day. Silver prices reached a fresh 31-year high with its best point just 2.5 cents shy of $35 an ounce.
Investors edgy over inflation and unrest in the Middle East and North Africa sunk their money into safer bets, like gold and silver […]
Thus, we come to gold (hovering at or just above Tuesday’s fresh record) which continues to receive its share of safe-haven bids and highly speculative interest while market participants of both stripes remain glued to the latest reports of attacks and/or counterattacks coming from Libya.
The yellow metal came to within $0.50 of the $1,440.00 (spot offer) mark this morning. Silver certainly did not lag gold’s performance; in fact it rose by about twice as […]
U.S. gold prices captured an all-time high and silver prices soared to a new 31-year high on Tuesday as a weaker dollar, rising oil prices, inflation concerns, and turmoil in the Middle East and North Africa added to the investment appeal of precious metals.
April gold prices added $21.30, or 1.5 percent, to settle at $1,431.20 an ounce on the […]
