| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1721.60 | 1722.30 | $4.20 | 0.24% |
| SILVER | 33.625 | 33.665 | $0.015 | 0.045% |
| PLATINUM | 1624.00 | 1629.00 | $6.50 | 0.40% |
| PALLADIUM | 702.00 | 706.00 | $1.50 | 0.21% |
| CHARTS | WEEK | 30 DAY | 1 YR | 5 YR | 10 YR |
Monday, Feb. 06, 2012
Would Eurozone Be Better Off Without Greece?
By James O'Dell February 6, 2012, Los Angeles – The price of Gold eased 1.82 percent or $32.00, to close at $1,726.00 an ounce on Friday, after better than expected payrolls data put investors hopes for more stimulus from the ...
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Gold News from Morgan Gold
Fed Member Warns Of Deflation
July 30, 2010
July 30, 2010, Los Angeles – Gold bullion prices closed higher as the euro rose above $1.31 on Thursday hitting a near 12 week high against the dollar. Silver followed Gold and finished higher at $17.58 an ounce.
Although Gold prices have been showing some short term pressure, global economic concerns continue to support prices over the medium and longer terms.
The euro has been bolstered by investor’s easing concerns about the European sovereign debt crisis. The euro remains in a strong rally that has seen the common currency rise more than 10 per cent since hitting a four year low of $1.1876 against the dollar on June 7.
Gold's rise on Thursday was attributed to comments made by a top U.S. Federal Reserve official who raised the fear of economic uncertainty among investors.
The comments on Thursday by James Bullard, president of the Federal Reserve Bank of St. Louis, a member of the Federal Reserve committee that sets interest rates, warned that the central bank's own policies threaten a Japanese style bout of deflation within the next several years.
"The U.S. is closer to a Japanese style outcome today than at any time in recent history," Mr. Bullard wrote in a paper posted on the Federal Reserve Bank of St. Louis website.
Mr. Bullard proposes to expand the quantitative easing program by purchasing Treasury securities rather than extending the near zero interest rates indefinitely.
“This is very significant,” Laurence Meyer, a former Fed governor, told The New York Times. “He has been one of the most hawkish members, but he is now calling for the Fed to ease aggressively. There seems to be no question he wants to do it sooner rather than later, and relatively forcefully.”
Demand for physical Gold has risen this week in India, the world's heaviest gold consumer market, and China, the world's No.2 consumer of Gold bullion. "Our sales to India in July [were] five times greater than June," says UBS bank strategist Edel Tully.
Gold is real money and in a world of eroding confidence in policy makers and paper currencies Gold represents real value. Stop investing in paper assets and start investing in real assets like physical Gold and Silver bullion and coins.
‹‹ news archives
Although Gold prices have been showing some short term pressure, global economic concerns continue to support prices over the medium and longer terms.
The euro has been bolstered by investor’s easing concerns about the European sovereign debt crisis. The euro remains in a strong rally that has seen the common currency rise more than 10 per cent since hitting a four year low of $1.1876 against the dollar on June 7.
Gold's rise on Thursday was attributed to comments made by a top U.S. Federal Reserve official who raised the fear of economic uncertainty among investors.
The comments on Thursday by James Bullard, president of the Federal Reserve Bank of St. Louis, a member of the Federal Reserve committee that sets interest rates, warned that the central bank's own policies threaten a Japanese style bout of deflation within the next several years.
"The U.S. is closer to a Japanese style outcome today than at any time in recent history," Mr. Bullard wrote in a paper posted on the Federal Reserve Bank of St. Louis website.
Mr. Bullard proposes to expand the quantitative easing program by purchasing Treasury securities rather than extending the near zero interest rates indefinitely.
“This is very significant,” Laurence Meyer, a former Fed governor, told The New York Times. “He has been one of the most hawkish members, but he is now calling for the Fed to ease aggressively. There seems to be no question he wants to do it sooner rather than later, and relatively forcefully.”
Demand for physical Gold has risen this week in India, the world's heaviest gold consumer market, and China, the world's No.2 consumer of Gold bullion. "Our sales to India in July [were] five times greater than June," says UBS bank strategist Edel Tully.
Gold is real money and in a world of eroding confidence in policy makers and paper currencies Gold represents real value. Stop investing in paper assets and start investing in real assets like physical Gold and Silver bullion and coins.
‹‹ news archives
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