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  • Fed News Brings Drop in Commodities, Gold, Silver

    Los Angeles, CA – The price of gold dropped this week after the Fed’s announcement and the continued turbulence in the Eurozone. On Wednesday, Federal Reserve chairman Ben Bernanke announced “Operation Twist” – a plan for the Fed to sell $400 billion in shorter-term securities to buy longer-term holdings in effort to boost the weak U.S. economy. The Fed’s

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  • Gold Bullion Demand Up 11 Percent in Q1

    May 23, 2011, Los Angeles – Gold bullion prices rallied 1.16 percent or $17.30 to finish the week at $1,511.80 an ounce as the U.S. reached its $14.3 trillion federal spending limit last Monday with Congress no closer to an agreement on raising the borrowing cap. The price of silver lost 0.88 percent or $0.31

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  • Gold and Silver Hitting Record Highs

    Los Angeles – The gold price reached a new all-time record high last week of $1,447.82 an ounce before finishing the week higher by 0.75 percent at $1,429.30 an ounce on spreading nuclear contamination in Japan and Middle East violence leading to record crude oil prices and increasing signs of inflation. The price of silver

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  • Gold Price Rises Four Straight Weeks

    Los Angeles – The price of gold rose for a fourth consecutive week on Friday gaining 1.51 percent, to $1,408.00 an ounce on continuing unrest in the Middle East and North Africa, and renewed fears of rising inflation. Silver prices rose 2.46 percent, to close at $33.31 an ounce for the week. The price of

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  • Gold Price Higher for Third Consecutive Week

    Los Angeles – The price of Gold rallied 2.32 percent to $1,387.10 an ounce to close higher for a third consecutive week as silver jumped 8.77 percent to close the week at a new 31 year high of $32.51 an ounce. The price of silver has gained 14.8 percent or $4.15 an ounce in February.

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  • Gold Bullion Prices Remain Well-Supported

    Los Angeles – The Gold price gained 0.53 percent to $1,355.70 an ounce to close higher for a second consecutive week as silver rose 2.89 percent to close the week at $29.89 an ounce. The Gold/Silver ratio, dropped to 45.36 as silver outperformed gold. The week began with an announcement by J.P. Morgan Chase on

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  • Gold Records First Weekly Gain in New Year

    Los Angeles – The price of gold saw its first weekly gain in the new year after climbing 1.02 percent to $1,348.60 an ounce on Friday as silver rallied almost 6 percent for the week to close at $29.05 an ounce. The Gold/Silver ratio (GSR) dropped to 46.42 as the price of silver became more expensive

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  • Gold Climbs on Egyptian Unrest

    Los Angeles – Despite gold’s rally on Friday, the price of gold closed slightly lower, down just 0.54 percent for the week at $1,335.00 an ounce, while silver prices gained 1.75 percent for the week closing at $27.44 an ounce. The Gold/Silver ratio (GSR) fell slightly to 47.81, as silver became more expensive relative to

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  • Asian Demand Supporting Gold Prices

    Los Angeles – Following the recent monetary tightening in China, India, and Brazil, the price of gold has been under pressure, closing slightly lower on Friday at $1,342.30 an ounce, down 1.24 percent for the week. Silver prices closed at $27.44 an ounce, down 3.31 percent for the week. The Gold/Silver ratio (GSR), the number

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  • Schultz Says Gold Price Could Hit $2,400

    Los Angeles – China tightened bank reserves for the fourth time in two months before Friday’s market opening causing the price of gold to slide 1.0 percent to $1,359.20 an ounce as silver prices also slipped 1.0 percent to $28.38 an ounce. The Gold/Silver ratio (GSR), the number of ounces of Silver needed to purchase

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