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  • FOMC News, J.P. Morgan Stress Test Cause Drop in Gold Prices

    Los Angeles, CA – Gold futures traded solidly lower Wednesday morning on selling pressure following Tuesday’s news from the Federal Open Market Committee (FOMC) and stress test news from J.P. Morgan. Gold prices hit a fresh seven-week low, trading $ 33.80 lower at $1660 an ounce on Wednesday. Silver also traded lower, down .42 cents

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  • Gold Rebounds on Greece Optimism, U.S. Hiring Data

    Los Angeles, CA – Gold Futures rallied from a 5-week low Wednesday morning on renewed optimism that Greece will be able to manage its debt issues and on a report that showed an overall increase in U.S. hiring. April gold futures traded higher by $13.50 or 0.8% to $1685 an ounce on the Comex division

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  • Gold Soars on Second Greek Bailout Package

    Los Angeles, CA – April Gold futures rose over $30 to $1756.10 an ounce on approval of a second bailout package for Greece that also caused the Euro to surge. Silver prices also climbed almost 90 cents to above $34.16 an ounce as the U.S. dollar index was trading weaker on Tuesday. The second Greek bailout deal

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  • Gold Closes in January at 7-Week High

    Los Angeles, CA – Gold futures prices traded above $1730 an ounce on Tuesday, marking a fresh seven-week high on near-term bullish technical momentum. Silver prices are also trading higher, reaching a 10-week high at above $33 an ounce following suit with gold’s technical trading momentum. The Federal Reserve’s FOMC notes last week served as

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  • Gold Pushes Past $1700 on Fed FOMC Announcement

    Los Angeles, CA – Gold and Silver futures posted solid gains following the Federal Reserve’s FOMC statement on Wednesday.  Gold jumped over $45 to $1710 an ounce and silver climbed almost $2 to $33.21 on the news that the Federal Reserve intended to continue its accommodative monetary policy through 2014. The Fed’s announcement caused a

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  • Gold, Silver Hit 6-Week High on Risk Trading, Lower USD

    Los Angeles, CA – February Gold futures prices hit a fresh six-week high of $1676 an ounce, as the U.S. dollar traded lower Monday morning and crude oil prices traded higher near $100.00 a barrel. Silver also traded bullishly at $32.45 an ounce following Gold’s upward movement in price. Some of the key points to

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  • Gold Hits 4-Week High on Technical Trading Momentum

    Los Angeles, CA – Gold prices hit a fresh four week high at $1645 an ounce on renewed safe-haven investment interest and near-term technical momentum. News earlier this week of a weaker U.S. dollar index and higher crude oil prices pushed the precious metal above its near-term chart technical resistance of $1643.70. March futures for

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  • Precious Metals Up on 1st Trading Day of 2012

    Los Angeles, CA – The precious metals markets made solid gains on the first day of trading in 2012. On Tuesday, Gold passed the $1600 an ounce mark and silver traded up as high as $29.73 an ounce, as bargain hunters were buying up precious metals taking advantage of the recent dip in prices. Positive

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  • Precious Metals Rally on Hopes of Euro Debt Resolve

    Los Angeles, CA – The price of Gold and Silver jumped to a two week high on Monday on expectations that the Euro Zone will take decisive steps this week to resolve the region’s two-year old sovereign debt crisis. Gold jumped almost $30 to $1715 an ounce and Silver gained nearly 4% to $32 an

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  • Spain Election, Euro Debt Stalls Growth in Precious Metals

    Los Angeles, CA – Precious metals took a sharp drop on Monday as news of the European debt crisis appears to be taking a turn for the worse. Gold moved down beneath $1700 an ounce as investor fear led to liquidation of everything except government bonds and the need for traders to raise cash to

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