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  • Slowed China Production and Ben Bernanke

    Gold prices shifted up and down this week due to various market factors. Overall gold started to stabilize in the past couple days around $1,390 per ounce. Here is a look at two recent stories that may shape the future of gold in the coming weeks. Production in China Slows Gold prices had help breaking

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  • Gold Soars on Unemployment Report, Fearful Economic Outlook

    Los Angeles, CA – August gold future contracts rose sharply Friday on fresh unemployment news out of the United States and deepening fear that the global economy has taken a turn for the worse. August gold contracts on the Comex division of the New York Mercantile Exchange rose to $1626.30 an ounce, up almost 4%

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  • Unemployment, Job Growth Report Causes Gold to Rally

    Los Angeles, CA – The arrival of the Labor Day weekend was met with the bemoaning for the lack of labor; a government report released on Friday stated the unemployment rate remained at a high rate of 9.1%, causing a ripple effect in the economy and stock market.  The gloomy unemployment news caused investor jitters

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  • Gold Value Jumps after 2011 Unemployment Report & Debt Woes

    Los Angeles, CA – A disappointing unemployment report and continued non-productive debt talks amongst congressional parties have caused US stock markets to plummet in the opening days of the new US fiscal year. On July 7th, the US Bureau of Labor reported that unemployment rose to 9.2% in the month of June with only 18,000

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