Posts Tagged ‘ Gold ’

(1888PressRelease) Gold continued to go from strength to strength Tuesday, staying comfortably above $1650 and reaching intra-day highs of $1668. MIAMI, FL – Tuesday saw impressive gains for all the precious metals with gold reaching $1668, silver staying above $30 and platinum and palladium gaining $37 and $20 an ounce, respectively. This is a particularly...
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(1888PressRelease) Problems in Europe continue, boosting desire for a safe haven. - MIAMI, FL – Europe has not enjoyed the best start to 2012. Despite some stringent austerity measures being passed in different nations, the crisis continues with credit downgrading for some and disappointing bond auctions for others. The ECB stepped in to buy bonds from...
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(1888PressRelease) Gold remains above $1600 as bargain hunters rush in. MIAMI, FL – Gold managed to sustain its New Year rally; gaining further, Wednesday, as some profit taking seems to have been countered by bargain buying. Skeptics who may have been worried that gold would not rebound in what has been a volatile market may...
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(1888PressRelease) Italy could easily cover its debt by selling just some of its gold reserves. MIAMI, FL – Writing for The Wall Street Journal’s Marketwatch, journalist Brett Arends wonders whether some beleaguered European nations may not have to consider selling their gold, or if they maybe already have started to do so. As there are...
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Timing is everything. As fund managers start to balance their portfolios for the end of the year and investors calculate gains and losses, how has gold performed? The answer is, if you bought gold bullion a year ago, as of today’s prices, you would have made approximately 12.5%. Not a fortune, arguably, but not...
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(1888PressRelease) Angela Merkel rejected the idea of raising the cap on the bailout fund. MIAMI, FL – German Chancellor Angela Merkel added a further note of pessimism to the prevalent atmosphere following the European summit when she rejected the idea of raising the limit on Europe’s bailout fund at the next summit, scheduled for March...
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(1888PressRelease) Precious metals make impressive gains over the week. MIAMI, FL – Gold, silver and palladium all made huge gains last week with palladium, percentage wise coming out way ahead at 13.3%. Gold looks set to make further gains this week, following the coordinated action by the central banks, which makes it cheaper for other...
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(1888PressRelease) Concern over the future of the euro remain despite action by central banks. MIAMI, FL – This morning’s action on the part of five major central banks and the Federal Reserve, coupled with separate action from the People’s Bank of China served to boost gold and ease liquidity strains. However, the action did not...
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(1888PressRelease) Coordinated central bank action pushes gold above $1750. MIAMI, FL – Gold soared to an intra-day high of $1752 before falling back to $1745, based on the unexpected coordinated action of five major central banks and the Federal Reserve. Faced with the possibility of Italy facing insolvency – as hoped for solutions proved insufficient...
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(1888PressRelease)All eyes focused on Europe as investors remain nervous. MIAMI, FL – As two new prime ministers form governments in Europe, concern grows over the future of the euro as a common currency for the region. Greek Prime Minister Lucas Papademos has vowed to do what ever is necessary to keep Greece in the euro....
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