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  • This Week in Gold: Mixed Economic Cues

    Gold was pulled in many different directions this week, facing economic cues such as the strength of the U.S. dollar, the European Central Bank’s latest activities, and a new jobs report. While gold is facing volatility, it’s important to remember that gold functions best as an asset you purchase and then leave alone for several years, knowing that

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  • Gold Prices Lower on Bearish “Outside Markets”

    Los Angeles, CA – April Gold Futures traded solidly lower Thursday, hitting a 9-week low. Gold traded $16.20 lower to $1634.50 an ounce on a firmer U.S. dollar index and crude oil trading down almost $4 to ~$105.00 a barrel. Silver also traded lower down $.40 to $31.82 an ounce. The precious metals sector took

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  • Gold Soars on Second Greek Bailout Package

    Los Angeles, CA – April Gold futures rose over $30 to $1756.10 an ounce on approval of a second bailout package for Greece that also caused the Euro to surge. Silver prices also climbed almost 90 cents to above $34.16 an ounce as the U.S. dollar index was trading weaker on Tuesday. The second Greek bailout deal

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  • Greece Debt Fears Sink Euro, Causes Slight Dip in Gold

    Los Angeles, CA – April gold futures fell for the sixth time in seven days Thursday on fresh news out of the European Sovereign debt crisis. Gold fell 0.4% to $1727.50 an ounce and Silver dipped down .27% to $33.41 an ounce after EU officials postponed an important meeting to decide on additional bailout measures

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  • Spain Election, Euro Debt Stalls Growth in Precious Metals

    Los Angeles, CA – Precious metals took a sharp drop on Monday as news of the European debt crisis appears to be taking a turn for the worse. Gold moved down beneath $1700 an ounce as investor fear led to liquidation of everything except government bonds and the need for traders to raise cash to

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  • Gold Rallies Almost 7% on Euro Debt Details

    Los Angeles, CA – The price of gold rose almost 7% to above $1700 an ounce on in one week as details of Europe’s plan to solve their almost two year old sovereign debt crisis was revealed. And while details are still being finalized, Greek Bondholders will take a 50% cut on bonds and European

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  • Gold Gains Ground on Euro Debt News

    Los Angeles, CA – Gold closed above $1670.00 on Wednesday marking a 3 week high. The gain comes after a large dip in price, down to $1600 an ounce from a record high of approximately $1900 an ounce in August. Shortly afterward the historical high, the Eurozone sovereign debt crisis caused many investors to liquidate

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