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  • Gold Rallies Above $1600 on EU News, Weaker USD

    Los Angeles, CA – August Gold futures rose to a two week high Wednesday on a strengthening Euro and weakening U.S. Dollar. Gold rose $23.50 or 1.5% to $1601.60 per ounce after a European Central Bank council member said there are arguments for getting a banking license for the ESM (European Stability Mechanism). Silver futures

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  • Gold Dips Below $1600, Excellent Buying Opportunity

    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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  • Deutsch Bank Sees Gold at $2,000 in 8 Months

    Los Angeles – Gold bullion prices inched down just 40 cents to close the week at $1,494.50 an ounce while gold continued to consolidate. Silver slipped 0.65 percent or $0.23 to end the week at $35.37 an ounce, as the gold-silver ratio rose to 42.25 and silver underperformed gold for the week. Precious metals got

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  • Investors Use Pullback in Gold to Increase Holdings

    May, 9, 2011, Los Angeles – Gold bullion prices dipped 4.37 percent to $1,494.90 an ounce last week after the commodities sector saw its worst weekly slump since 2008, meanwhile, astute investors used the pullback in the gold price to boost their holdings of physical gold. The pullback in precious metals last week was not

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  • Fed Statement Sparks Gold and Silver Rally

    May, 2, 2011, Los Angeles – The price of gold rose 3.60 percent to a new weekly closing high of $1,563.20 an ounce following the statement of the Federal Reserve on Wednesday that interest rates would remain near-zero for an extended period. The price of silver gained 0.31 percent to finish the week at $47.89 an

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  • Gold and Silver Reaching All-Time Highs

    April, 25, 2011, Los Angeles – Gold bullion prices finished higher for a third consecutive week after gaining 1.51 percent and closing at a new all-time high of $1,508.90 an ounce last week following Standard & Poor’s surprise downgrade of their outlook for U.S. sovereign debt from stable to negative, on Monday. The price of

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  • Precious Metals Hitting New Highs

    April, 18, 2011, Los Angeles – The price of gold gained 0.83 percent to close at a new all-time high of $1,486.50 an ounce last week on continued unrest in the Middle East and North Africa. The price of silver gained 5.09 percent to close at a 31 year high of $42.98 an ounce for

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  • Record Setting Week for Gold and Silver Bullion

    April, 11, 2011, Los Angeles – Gold prices surged a record setting 3.24 percent or $46.20 to end the week higher at $1,474.30 an ounce while the price of silver gained 8.29 percent or $3.13 to finish the week at $40.90 an ounce while the Gold/Silver ratio dropped to 36.04, its lowest level in 28

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  • Gold Higher on No-Fly Zone

    Los Angeles – The price of Gold rose last week gaining 0.12 percent to $1,418.70 an ounce for the week, on higher crude oil prices and escalating anti-government unrest in the Middle East and North Africa, including the no-fly zone imposed on Libya. The price of silver dropped 1.70 percent to end the week at

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  • Can China Corner the Gold Market?

    Los Angeles – Gold bullion prices pulled back slightly last week slipping 0.77 percent to $1,417.00 an ounce after rising for five weeks in a row, on continued fighting in Libya and the threat of political unrest spreading to Saudi Arabia. The price of silver rose 0.96 percent to end the week at $35.85 an

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