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higher gold prices

  • Gold Climbs to Four-Month High on Bullish FOMC News

    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

    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 Surges on U.S. Debt Deadline, Credit Downgrade Talks

    Los Angeles, CA – With U.S. politicians at a stalemate over the 14.3 trillion dollar deficit just days before the debt default deadline, economists and financial analysts alike are predicting a downgrade of the United States’ credit rating. President Obama made comment that U.S. lawmakers’ indecision to raise the debt ceiling is a “dangerous game”

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  • 2011 Price of Gold Rises to Record Level

    Los Angeles, CA – The spot price of gold reached a record high this week, closing at $1607.90 an ounce on Monday. Up 13% from the beginning of the year, gold is headed for its 11th straight annual gain – nearly doubling in price since the global economic recession in 2008. This rise in value

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  • Converting to a Gold IRA to Preserve Wealth

    The market prices of gold, silver, and platinum are affected primarily by global supply and demand. In the past year, supply has been declining and demand has been increasing, resulting in a steady upward trend in market prices. Today the price of gold, the commodity most used for new IRAs, has been hovering around $1,540.00/ounce.

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