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Blog
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Gold Could Hit $1,500 By Year-end
- October 4, 2010
- Posted by: Orkan Ozkan
- Category: News
No CommentsLos Angeles – The price of Gold rose to $1,315.80 an ounce, a 1.6 percent weekly gain, on Friday as silver prices rose to $22.05 an ounce, nearly 3 percent up on the week, after hitting a 30 year high at $22.15 an ounce. The week began with a record high for the price of
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Gold And Silver Prices Soaring
- September 27, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices rose to $1,299.95 an ounce on Friday as silver hit a three decade high of $21.40 an ounce. December silver is up 10.1 percent for the month and closed the week with a 2.8 percent rise, settling at $21.399. Gold, meanwhile, is up 3.8 percent this month and gained
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Gold Price Could Soon Reach $1,300
- September 20, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices gained again on Friday reaching a record high for the third time in a week that propelled gold to its largest weekly gain since May and finishing the week at $1,274 an ounce. The price of silver hitched a ride with gold and broke the $21 an ounce mark
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Economist Predicts $2,000 Gold Price
- September 13, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – The price of gold ended with a loss of 0.3% for the day on Friday, down just 0.4% for the week. Silver ended Friday with a loss of 0.2% at $19.91, down just 0.2% for the week. Analysts reported that any pullbacks in gold bullion prices would likely be temporary with gold
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All Signs Point to Higher Gold Price
- September 6, 2010
- Posted by: Orkan Ozkan
- Category: News
The price of gold closed at $1,247 on Friday, ending the week higher by 1 percent. Silver rallied to $19.91 on Friday, a 2 1/2 year high, closing higher by 1.7 percent for the day and gaining 4.25 percent for the week. The ratio of gold to silver – the number of ounces of silver
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China May Be Quietly Building Its Gold Reserves
- August 30, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – The gold price began the week at $1,226 and finished the week at $1,238 an ounce for its first four-week gain since June. Gold bullion prices are up 4.8 percent for the month of August and 13 percent for the year. Silver began the week at $17.93 and finished the week above
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Physical Gold Demand Increased In August
- August 23, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – The price of gold gained one per cent for the week, Gold's first three week rally since June, while the price of silver dropped below $18.00. The Fed’s practice of keeping interest rates near zero gave gold bullion prices a boost this week. Thomas Hoenig, the president of the Kansas City Federal
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Devaluing Currencies Aiding Gold Price
- August 16, 2010
- Posted by: Orkan Ozkan
- Category: News
Los Angeles – Gold bullion prices closed the week higher by 1.03 per cent at $1214.60 on Friday for a second consecutive weekly gain, while the price of silver lost 1.74 percent and finished the week at $18.09 an ounce. The dollar marked its best week in nearly two years on Friday after dropping to
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Convert Assets into Physical Gold and Silver
- August 9, 2010
- Posted by: Orkan Ozkan
- Category: Gold
Los Angeles – The price of gold closed higher at $1206 an ounce on Friday gaining 2.1 percent for the week. Silver ended the week at $18.50 an ounce, up 2.55 per cent. Former Federal Reserve Chairman Alan Greenspan said last week when commenting on the state of the U.S. economy, “We’re in a pause
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Inflation Fears May Drive Gold to Record High
- August 11, 2009
- Posted by: Orkan Ozkan
- Category: News
Gold prices could set new record highs above $1,030 an ounce in 2009 as investors flock to the precious metal as a hedge against future inflation and a weaker dollar, according to a leading fund manager. Investec Global Gold Fund’s portfolio manager Daniel Sacks said a combination of safe-haven buying of gold as an alternative
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