Gold prices have extended last week’s gains, due to some short covering in the futures markets and some renewed safe-haven buying amid the collapse of the Greek talks with its European creditors.
Last week, the global gold market was rather subdued as the upward momentum in prices ran out of steam hitting resistance at around $1220 an ounce.
Last week, gold prices gained an impressive $37 an ounce of 3.1%. And, on Monday prices hit a three month high and were trading just above the $1225 an ounce level. Gold prices hit their highest level since mid-February as the dollar’s...
Hold Precious Metals as Banks try to criminalize the use of Cash in their latest act of Financial Repression. During the month of April, gold prices were range bound between $1180 and ounce and $1215 an ounce with much of the transactions...
Governments Plan to have Totalitarian Control of Currency is a good Reason for Depositors to Allocate some of Their Funds to Physical Gold and Silver. Although the price of gold staged a minor rally on Friday, the advance has been capped...
New Developments in Asia will have More Impact on Financial Markets than Garbage Rhetoric from the US Fed. The price of gold experienced its longest winning streak since 2012, last week as the price broke through the $1,200 level early...
Gold prices have remained relatively steady this week, despite being pressured by a stronger U.S. dollar ahead of a key U.S. Federal Reserve policy meeting this week that could hint at the timing of any hike in U.S. interest rates.
Gold prices pared earlier gains on Monday after hitting the highest in almost two weeks as gains for equities cut demand for safe haven assets. In a surprise move, the People’s Bank of China (PBoC) lowered the benchmark one-year loan rate...
The global gold markets were subdued on Monday as volumes were low mainly on account of the short trading day in the U.S. markets due to Presidents Day. Gold fell last week, but managed to bounce off their weekly lows. After slipping...
Gold has experienced some remarkable and unexpected turn of events so far this year and year-to-date it is significantly higher in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), and up...