| 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
Jobs Data Could Push Gold To New Highs
September 3, 2010
September 3, 2010, Los Angeles – The price of Gold closed higher at $1,251 on Thursday as investors, expecting a dismal report, bought Gold ahead of Friday's jobs numbers.
The price of Silver rose by almost 1.5 percent to $19.64 an ounce on Thursday. The ratio of gold to silver, the number of ounces of Silver that are needed to buy an ounce of gold fell to its lowest level since mid-May at 64.29.
Pending sales of previously owned U.S. homes rose unexpectedly by 5.2 percent in July after economists had forecast the index would fall 1.0 percent. U.S. jobless claims, factory orders, and same store sales data all showed some improvement.
While the encouraging data limited Gold's gains on Thursday, economic worries will continue to support safe haven gold buying. "People are reluctant to do much of anything today except position for tomorrow," said John Canally, investment strategist at LPL Financial in Boston on Thursday.
Today brings us the August U.S. jobs data report. Non Farm Payrolls are expected to be down by 100,000, with the Unemployment Rate forecast to inch up to 9.6 percent. The key number to watch for will be private sector hiring with the consensus waffling anywhere from 10,000 to 44,000 jobs.
While encouraging data could limit Gold's gains, a worse than expected report could push Gold prices to new highs. Analysts predict economic worries will keep supporting a safe haven bid.
Analysts have predicted a 10th annual advance for Gold and some have raised their forecasts for the price of Gold to between $1,500 and $1,550 for 2011.
There is a real prospect for further currency debasement with the Fed's promise of more quantitative easing "if needed." This scenario continues to enhance the safe haven appeal of physical Gold.
When governments inflate their money supply it reduces its value, but you can still protect your wealth by converting a portion of your assets into physical Gold and Silver.
Invest in Gold and Silver bullion and coins today. A very popular method for acquiring physical Gold is to add it to your IRA it's easy to do, so do it today.
‹‹ news archives
The price of Silver rose by almost 1.5 percent to $19.64 an ounce on Thursday. The ratio of gold to silver, the number of ounces of Silver that are needed to buy an ounce of gold fell to its lowest level since mid-May at 64.29.
Pending sales of previously owned U.S. homes rose unexpectedly by 5.2 percent in July after economists had forecast the index would fall 1.0 percent. U.S. jobless claims, factory orders, and same store sales data all showed some improvement.
While the encouraging data limited Gold's gains on Thursday, economic worries will continue to support safe haven gold buying. "People are reluctant to do much of anything today except position for tomorrow," said John Canally, investment strategist at LPL Financial in Boston on Thursday.
Today brings us the August U.S. jobs data report. Non Farm Payrolls are expected to be down by 100,000, with the Unemployment Rate forecast to inch up to 9.6 percent. The key number to watch for will be private sector hiring with the consensus waffling anywhere from 10,000 to 44,000 jobs.
While encouraging data could limit Gold's gains, a worse than expected report could push Gold prices to new highs. Analysts predict economic worries will keep supporting a safe haven bid.
Analysts have predicted a 10th annual advance for Gold and some have raised their forecasts for the price of Gold to between $1,500 and $1,550 for 2011.
There is a real prospect for further currency debasement with the Fed's promise of more quantitative easing "if needed." This scenario continues to enhance the safe haven appeal of physical Gold.
When governments inflate their money supply it reduces its value, but you can still protect your wealth by converting a portion of your assets into physical Gold and Silver.
Invest in Gold and Silver bullion and coins today. A very popular method for acquiring physical Gold is to add it to your IRA it's easy to do, so do it today.
‹‹ news archives
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