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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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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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Hedge Funds Buy Gold
- July 30, 2009
- Posted by: Orkan Ozkan
- Category: News
New York, July 30, 2009 — Global Hedge Funds are buying physical gold. In fact, twenty out of 22 hedge fund managers interviewed by Moonraker Fund Management in the United States are buying gold to protect their personal wealth against excessive inflation. Jeremy Charlesworth, Chief Investment Officer of Moonraker and manager of the Moonraker Commodities
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