higher gold prices
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Gold Climbs to Four-Month High on Bullish FOMC News
- August 23, 2012
- Posted by: Orkan Ozkan
- Category: News
No CommentsLos 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: 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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Gold Surges on U.S. Debt Deadline, Credit Downgrade Talks
- July 27, 2011
- Posted by: Orkan Ozkan
- Category: News
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
- July 19, 2011
- Posted by: Orkan Ozkan
- Category: News
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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