by agm | Nov 7, 2011 | news
(Kitco News) – Gold prices could rise next week as the recent, stronger momentum helps to propel prices higher and monetary policy continues to accommodate. Profit-taking after gains this week capped the rally in the metal, which found some safe-haven buying...
by agm | Nov 3, 2011 | news
SAN FRANCISCO (MarketWatch) — Gold futures rose past $1,750 an ounce Thursday as traders digested the latest wave of news from the euro zone and mixed economic data from the U.S., as well as comments from the Federal Reserve a day earlier. Gold for December delivery...
by agm | Nov 3, 2011 | news
Federal Reserve Chairman Ben S. Bernanke said unemployment is still “far too high” and the Fed may take further steps to boost growth, such as buying mortgage bonds or changing the way it communicates its policy goals to the public. Additional stimulus “remains on the...
by agm | Oct 31, 2011 | news
(Kitco News) – Gold’s allure drew speculators back in, who added to bullish futures and options positions, according to U.S. government data released Friday. In addition to gold, speculators added to net long positions for silver in both the legacy and...
by agm | Oct 28, 2011 | news
(Kitco News) – A busy week is shaping up for the gold market for next week, with several U.S. economic reports set for release and a few central bank meetings. Market watchers will look to see if the recent strength of U.S. economic data continues and if there...
by agm | Oct 27, 2011 | news
Over the past month, gold and silver have remained in a trading range. Gold had difficulties breaking through $1,700, while silver lost momentum as it rose near $33. However, recent developments such as Greece deadlocks and US debt worries have once again returned...
by agm | Oct 25, 2011 | news
(Kitco News) – Safe-haven demand returned to the gold market Tuesday on uncertainty following news that a European finance minister meeting to discuss the debt crisis on Wednesday was canceled. Technical buying was triggered on the yellow metal’s ascent,...
by agm | Oct 24, 2011 | news
As telegraphed as it may have been in the 4 months leading up to this summer’s debt ceiling showdown, and as ham-fisted as the message was ultimately delivered, when Standard & Poor’s actually cut the AAA credit rating of the United States that hot...
by agm | Oct 24, 2011 | news
(Kitco News) – Mon Oct 24—Comex December gold futures were modestly higher Monday morning as the market ekes out a minor pattern of higher highs and higher lows within its recent consolidation phase. After spiking to the major Sept. 26 low at $1,535 an ounce,...
by agm | Oct 20, 2011 | news
Gold prices, down 14 percent since touching a record in September, are poised for more losses, according to technical analysis by Steel Vine Investments LLC. Bullion’s advance from the Sept. 26 low of $1,535 an ounce to a high of $1,696.80 on Oct. 17 created a...
