| BID | ASK | CHG $ | CHG % | |
|---|---|---|---|---|
| GOLD | 1721.80 | 1722.50 | $4.00 | 0.23% |
| SILVER | 33.694 | 33.734 | $0.084 | 0.250% |
| PLATINUM | 1624.50 | 1629.50 | $7.00 | 0.43% |
| PALLADIUM | 703.00 | 707.00 | $0.50 | 0.07% |
| 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
September Is Historically Gold’s Best Month
September 1, 2010
September 1, 2010, Los Angeles – Gold bullion prices rallied 1 percent on Tuesday, reaching $1,249, a two month high as Silver followed suit and rose 2 percent to around $19.32 an ounce.
The price of Gold surged 6 percent in August its best one month gain since November 2009. Silver had a great August as well soaring nearly 7 percent, its best one month gain since November 1999.
With September being historically Gold's best month of the year, investors set their sights on some lofty prices. Many of the world's best analysts agree and have predicted the price of gold could reach $1,550 in 2011.
While Gold and Silver did very well in August the rest of the economy...not so good. The latest economic reports released on Tuesday did lift investor’s spirits a bit and revealed a somewhat brighter outlook going forward.
The S&P Cash Shiller 20 city Index, the leading measure for home prices in the U.S., surprised economists with a 4.23 percent rise in June, well ahead of the 3.1 percent forecast by economists.
Next up was the Chicago Purchasing Managers’ Index (PMI) for August and while it fell just short of expectations, the August Consumer Confidence figure did not disappoint and increased to 53.5, beating the 50.0 consensus estimate.
Minutes from the Fed's August 10th meeting released to the public on Tuesday showed policymakers were concerned a decision to stop their securities holdings from shrinking could send "the wrong signal" to investors.
The outlook for the economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, minutes of the central bank's last policy meeting said.
"The committee would need to consider steps it could take to provide additional policy stimulus if the outlook were to weaken appreciably further," the Fed minutes said.
While the minutes showed the current preference was to buy Treasury debt, officials left the door open to other options like the purchase of mortgage backed securities. One thing is for certain and that is the Feds newest policy will continue to boost the price of Gold.
Be aware that there is a big difference between owning physical Gold and owning paper claims to it. Invest in physical Gold and Silver bullion and coins, it's easy to add Gold to your IRA, do it today.
‹‹ news archives
The price of Gold surged 6 percent in August its best one month gain since November 2009. Silver had a great August as well soaring nearly 7 percent, its best one month gain since November 1999.
With September being historically Gold's best month of the year, investors set their sights on some lofty prices. Many of the world's best analysts agree and have predicted the price of gold could reach $1,550 in 2011.
While Gold and Silver did very well in August the rest of the economy...not so good. The latest economic reports released on Tuesday did lift investor’s spirits a bit and revealed a somewhat brighter outlook going forward.
The S&P Cash Shiller 20 city Index, the leading measure for home prices in the U.S., surprised economists with a 4.23 percent rise in June, well ahead of the 3.1 percent forecast by economists.
Next up was the Chicago Purchasing Managers’ Index (PMI) for August and while it fell just short of expectations, the August Consumer Confidence figure did not disappoint and increased to 53.5, beating the 50.0 consensus estimate.
Minutes from the Fed's August 10th meeting released to the public on Tuesday showed policymakers were concerned a decision to stop their securities holdings from shrinking could send "the wrong signal" to investors.
The outlook for the economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, minutes of the central bank's last policy meeting said.
"The committee would need to consider steps it could take to provide additional policy stimulus if the outlook were to weaken appreciably further," the Fed minutes said.
While the minutes showed the current preference was to buy Treasury debt, officials left the door open to other options like the purchase of mortgage backed securities. One thing is for certain and that is the Feds newest policy will continue to boost the price of Gold.
Be aware that there is a big difference between owning physical Gold and owning paper claims to it. Invest in physical Gold and Silver bullion and coins, it's easy to add Gold to your IRA, do it today.
‹‹ news archives
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