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price of gold

  • China May Be Quietly Building Its Gold Reserves

    Los Angeles – The gold price began the week at $1,226 and finished the week at $1,238 an ounce for its first four-week gain since June. Gold bullion prices are up 4.8 percent for the month of August and 13 percent for the year. Silver began the week at $17.93 and finished the week above

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  • Physical Gold Demand Increased In August

    Los Angeles – The price of gold gained one per cent for the week, Gold's first three week rally since June, while the price of silver dropped below $18.00. The Fed’s practice of keeping interest rates near zero gave gold bullion prices a boost this week. Thomas Hoenig, the president of the Kansas City Federal

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  • Devaluing Currencies Aiding Gold Price

    Los Angeles – Gold bullion prices closed the week higher by 1.03 per cent at $1214.60 on Friday for a second consecutive weekly gain, while the price of silver lost 1.74 percent and finished the week at $18.09 an ounce. The dollar marked its best week in nearly two years on Friday after dropping to

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