| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1720.60 | 1721.30 | $5.20 | 0.30% |
| SILVER | 33.609 | 33.649 | $0.001 | 0.003% |
| PLATINUM | 1623.50 | 1628.50 | $6.00 | 0.37% |
| 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
Will Fed Ramp Up Securities Purchases?
August 20, 2010
August 20, 2010, Los Angeles – Gold bullion prices closed higher as the euro rallied from near 4 week lows against the Dollar on Thursday. Silver closed down one cent at $18.31 an ounce, compared with $18.32 late in the previous session.
Gold rose on Thursday's dismal employment data that showed new claims for unemployment benefits climbed to a nine month high last week.
Another factor in Gold's rise was a report from the Philadelphia Federal Reserve Bank saying regional factory activity unexpectedly contracted in August.
The Gold price has benefited from recent strong physical demand. This demand typically increases in August when jewelers begin stockpiling inventory ahead of India's wedding season and the Hindu festival of Dhanteras.
Gold is entering its seasonally strong period (Gold bullion prices have risen in September, 16 of the last 20 years), and with physical demand for Gold bullion showing strength, the price of Gold could soon reach new highs.
It could turn out that Wednesday was a very important day for the Gold price. Gold broke early in the day, but later reversed direction and closed higher than Tuesday's high. For technicians, this is called an outside reversal, a very strong technical signal for Gold.
On Wednesday night, Richard Russell commented:"Strange, the clearest pattern I see in any item is in gold...below, gold is a picture perfect head and shoulders bottoming formation. Over the last few days gold has broken out to the upside. The breakout is capable of taking gold to the previous record highs."
Could the price of Gold be preparing for another strong move to new highs?
St. Louis Fed President James Bullard said on Thursday that if price levels in the economy continue to soften, the Fed may need to "ramp up" purchases of U.S. Treasury debt.
"Should economic developments suggest increased disinflation risk, purchases of Treasury securities in excess of those required to keep the size of the balance sheet constant may be warranted," he said in his prepared remarks.
Paper assets have questionable value, when you hold physical Gold bullion you hold real value that's accepted worldwide. Protect your wealth by making an investment in Gold and Silver bullion and coins today.
‹‹ news archives
Gold rose on Thursday's dismal employment data that showed new claims for unemployment benefits climbed to a nine month high last week.
Another factor in Gold's rise was a report from the Philadelphia Federal Reserve Bank saying regional factory activity unexpectedly contracted in August.
The Gold price has benefited from recent strong physical demand. This demand typically increases in August when jewelers begin stockpiling inventory ahead of India's wedding season and the Hindu festival of Dhanteras.
Gold is entering its seasonally strong period (Gold bullion prices have risen in September, 16 of the last 20 years), and with physical demand for Gold bullion showing strength, the price of Gold could soon reach new highs.
It could turn out that Wednesday was a very important day for the Gold price. Gold broke early in the day, but later reversed direction and closed higher than Tuesday's high. For technicians, this is called an outside reversal, a very strong technical signal for Gold.
On Wednesday night, Richard Russell commented:"Strange, the clearest pattern I see in any item is in gold...below, gold is a picture perfect head and shoulders bottoming formation. Over the last few days gold has broken out to the upside. The breakout is capable of taking gold to the previous record highs."
Could the price of Gold be preparing for another strong move to new highs?
St. Louis Fed President James Bullard said on Thursday that if price levels in the economy continue to soften, the Fed may need to "ramp up" purchases of U.S. Treasury debt.
"Should economic developments suggest increased disinflation risk, purchases of Treasury securities in excess of those required to keep the size of the balance sheet constant may be warranted," he said in his prepared remarks.
Paper assets have questionable value, when you hold physical Gold bullion you hold real value that's accepted worldwide. Protect your wealth by making an investment in Gold and Silver bullion and coins today.
‹‹ news archives
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