
gold prices
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What March’s Dip May Mean for April Gold Values
- April 4, 2014
- Posted by: Orkan Ozkan
- Category: Gold, News
No CommentsSo far this month, gold prices hit a seven-week low as U.S. jobs data was somewhat positive. As has been mentioned on this site, precious metal buying tends to be seasonal. Additionally, Louis James of Casey Research warns that “March has been, on average, the worst-performing month for gold,” based on 40 years’ worth of
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What Makes Gold a Unique Investment?
- April 2, 2014
- Posted by: Orkan Ozkan
- Category: Gold, Learn
Gold is an intriguing commodity. Its price has an inverse relationship with how the economy is doing, and it can be a collectible as well as an investment. But what makes gold unique? As Forbes contributor Keith Weiner puts it, “Nearly every ounce of gold ever mined is still in human possession. Think about that for
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Gold Is Up at the Close of July
- August 2, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Gold closes out July with a gain of more than 7 percent. This month has been a tremendous one for the yellow metal. Now moving into August, it seems recent word from the Federal Reserve may help gold prices moving forward. Here is a look at this week in gold. Largest One Month Gain in
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The Fed’s Confusion and the End of Gold’s Selloff
- July 12, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
This week Gold prices came close to hitting the $1,300.00 per ounce mark mid-week and many experts believe prices may have found a steady base given that this week is on track for an overall gain. Bernanke’s Comments Wednesday afternoon’s comments by Federal Reserve Chairman Ben Bernanke came as somewhat of a surprise to investors.
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Jobs Data and Gold’s History
- July 8, 2013
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Last week gold prices dropped about $25. A new U.S. jobs report was released on Friday which offered a few clues from gold’s history that may shed some light on the future. Job Growth and Gold Values The U.S. economy boasted 195,000 new jobs in June. However, the unemployment rate was unchanged and remained at
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Gold Climbs to Four-Month High on Bullish FOMC News
- August 23, 2012
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Silver
Los Angeles, CA – Comex gold futures are trading significantly higher this week on news from the Federal Reserve’s FOMC minutes released on Wednesday. The yellow metal reached a fresh four-month high after the Fed’s notes were construed by investors as a sign that monetary stimulus by the central bank is imminent. Spot Gold rose
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Gold Rallies Above $1600 on EU News, Weaker USD
- July 25, 2012
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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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Fed FOMC Statement Keeps Precious Metals Stable
- April 25, 2012
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
Los Angeles, CA – Comex gold futures prices remained relatively stable following the FOMC statement on Wednesday. Federal Reserve chair Ben Bernanke announced that while no additional actions will be taken by the central bank, the Federal Reserve remains ready and willing to provide aid to the U.S. economy if needed. Gold traded slightly higher this week, up
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Gold Market Trades Higher on Weak Job Data Report
- April 9, 2012
- Posted by: Orkan Ozkan
- Category: Gold, Government, News
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
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Gold Ends Q1 2012 on High Note, Silver Rallies
- March 30, 2012
- Posted by: Orkan Ozkan
- Category: Gold, Government, News, Silver
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,
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