| 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
Gold Enters September On Record Highs
September 2, 2010
September 2, 2010, Los Angeles - Gold bullion prices touched a 2 month high Wednesday morning breaking above $1,250 an ounce on strong investment demand but turned slightly lower at the end of the day.
The price of Gold closed Tuesday with its best August performance in 14 years, gaining 6.6 percent for the month.
The Gold price has appreciated over 14 percent year to date and year on year, Augusts record high monthly close saw the price of Gold more than 30 percent higher, its Gold's second best August-to-August showing after 2006's 43.9 percent gain.
"Gold convincingly broke through a downward sloping trend line yesterday," says a London dealer on Wednesday. "The $1250 level now remains the last technical barrier to a return to the record highs of June."
The global sovereign debt crisis and the Federal Reserve's attack on deflation are causing the price of Gold to test key resistance levels.
Gold is trading at recent highs while Silver prices rose to their highest level since May on Wednesday at $19.54, then closed unchanged at $19.34.
Home sales data is due out today and will be closely watched together with reports on productivity, jobs, and factory orders. Investors are awaiting key U.S. non-farm payrolls numbers due out on Friday.
"We remain positive on gold with still-strong investment interest in the yellow metal (and) upbeat underlying physical demand fundamentals as we enter the autumn months," said VTB Capital analyst Andrey Kryuchenkov, in a note.
"More data out today also with the ECB interest rate statement, while U.S. non-farm payrolls will be in particular focus at the end of the week."
U.S. growth is expected to slow to 2.8 percent next year, compared with 3 percent in 2010, according to economist’s forecasts.
Investors “fear another crisis and so they will diversify into gold,” said Thorsten Proettel, analyst at Landesbank Baden-Wurttemberg.
With the Gold price expected to reach $1,500 in 2011 and the Fed eager to start printing money again, many investors are busy converting assets into physical Gold and Silver. One way to own physical Gold is to add it to your IRA it's easy to do, so do it today.
‹‹ news archives
The price of Gold closed Tuesday with its best August performance in 14 years, gaining 6.6 percent for the month.
The Gold price has appreciated over 14 percent year to date and year on year, Augusts record high monthly close saw the price of Gold more than 30 percent higher, its Gold's second best August-to-August showing after 2006's 43.9 percent gain.
"Gold convincingly broke through a downward sloping trend line yesterday," says a London dealer on Wednesday. "The $1250 level now remains the last technical barrier to a return to the record highs of June."
The global sovereign debt crisis and the Federal Reserve's attack on deflation are causing the price of Gold to test key resistance levels.
Gold is trading at recent highs while Silver prices rose to their highest level since May on Wednesday at $19.54, then closed unchanged at $19.34.
Home sales data is due out today and will be closely watched together with reports on productivity, jobs, and factory orders. Investors are awaiting key U.S. non-farm payrolls numbers due out on Friday.
"We remain positive on gold with still-strong investment interest in the yellow metal (and) upbeat underlying physical demand fundamentals as we enter the autumn months," said VTB Capital analyst Andrey Kryuchenkov, in a note.
"More data out today also with the ECB interest rate statement, while U.S. non-farm payrolls will be in particular focus at the end of the week."
U.S. growth is expected to slow to 2.8 percent next year, compared with 3 percent in 2010, according to economist’s forecasts.
Investors “fear another crisis and so they will diversify into gold,” said Thorsten Proettel, analyst at Landesbank Baden-Wurttemberg.
With the Gold price expected to reach $1,500 in 2011 and the Fed eager to start printing money again, many investors are busy converting assets into physical Gold and Silver. One way to own physical Gold is to add it to your IRA it's easy to do, so do it today.
‹‹ news archives
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