Los Angeles, CA – June Gold futures sold off sharply Tuesday afternoon and hit a new 4-month low of $1595.50 an ounce on key “outside markets”. A stronger U.S. dollar index as well as lower crude oil prices caused gold and silver to drop to near-term lows for 2012. Spot gold traded down $34.80 an ounce to $1604.25. July Comex silver also traded down $0.71 an ounce to $29.41. Commodities fell across the board Tuesday as the U.S. Dollar Index gained on political news from the … [Read more...]
Los Angeles, CA – Gold Futures traded higher Monday morning on short covering and bargain-hunting buying after weaker than expected U.S. employment data was that released last Friday. Over the past week, further gains in gold were limited due to bearish “outside markets” as the U.S. dollar index traded firmer and the price of crude oil traded lower. June gold traded up $11.80 Monday morning to $1641.90 an ounce. May Comex silver traded down $0.08 at $31.65. Last week, the … [Read more...]
Los Angeles, Ca – June Gold contacts on the Comex division of the New York Mercantile Exchange closed Friday at $1671.90 an ounce. The yellow precious metal rose higher this week, up .42% on the U.S. dollar index trading lower and crude oil prices rising higher to $103.00 a barrel. Silver also closed Friday trading higher, up .66% to $32.49 an ounce. The precious metals complex took a significant hit in the month of March, largely due to lack of physical demand in Asia and because of … [Read more...]
The need for gold in technology is growing at an amazing rate. As companies like Google and Apple expand into the future, we will only see a steadily increasing need for this special yellow metal. Why Gold for Technology? Of all the metals used in circuitry (copper, silver, gold) gold is the best choice [...]
Los Angeles, CA – June Gold futures sold off sharply Tuesday afternoon and hit a new 4-month low of $1595.50 an ounce on key “outside markets”. A stronger U.S. dollar index as well as lower crude oil prices caused gold and silver to drop to near-term lows for 2012. Spot gold traded down $34.80 an [...]
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