by agm | Aug 19, 2011 | news
NEW YORK (AP) – Gold reached new heights Friday, soaring as high as $1,881 an ounce, as investors anxious about the uncertain global economy snapped up the precious metal. Stock markets in Europe and Asia continued a slide that began Thursday on disappointing...
by agm | Aug 19, 2011 | news
Global stocks dropped, European shares suffered the biggest two-day slump since 2008 and oil sank below $80 a barrel on concern the U.S. recovery is faltering and Europe’s debt crisis will worsen. The Swiss franc gained, while gold reached a record high. The MSCI...
by agm | Aug 18, 2011 | news
Gold futures surged to a record $1,829.70 an ounce on demand for an investment haven as mounting concern that the global economy is faltering triggered a plunge in equities. The Standard & Poor’s 500 Index tumbled as much as 5 percent after manufacturing in the...
by agm | Aug 17, 2011 | news
NEW YORK (TheStreet ) — Gold prices were stalling out Wednesday despite a hot inflation reading in the U.S. as investors opted for stocks and took profits in gold. Gold for December delivery was up $3.10 to $1,788.10 an ounce at the Comex division of the New...
by agm | Aug 16, 2011 | news
Gold prices have gathered momentum and at least one economist believes they’ll overtake platinum again soon. Last week, gold prices briefly exceeded the price of platinum for the first time since December 2008, according to Capital Economics. “This rare occurrence...
by agm | Aug 12, 2011 | news
Gold fell for a second straight day as a jump in U.S. retail sales helped temper concern that the recovery is faltering, eroding demand for the metal as a haven. Retail sales climbed 0.5 percent in July, the most in four months, the Commerce Department said today....
by agm | Aug 10, 2011 | news
SAN FRANCISCO (MarketWatch) — Gold and platinum futures prices again reached parity on Tuesday, as gold continued its record run as one of the few defensive assets left standing. Platinum typically trades at a premium to the yellow metal. Platinum...
by agm | Aug 9, 2011 | news
President Obama acknowledged the challenge in his Saturday radio and Internet address, saying the country’s “urgent mission” now was to expand the economy and create jobs. And Treasury Secretary Timothy F. Geithner said in an interview on CNBC on Sunday that the...
by agm | Aug 8, 2011 | news
Gold could surge to US$2,500 per ounce or higher by the end of 2011, according to J.P. Morgan commodity analysts Colin Fenton and Jonah Waxman. Before Standard & Poor’s downgraded the United States’ debt rating, they thought spot gold could average US$1,800 by...
by agm | Aug 8, 2011 | news
(Reuters) – Gold vaulted above $1,700 an ounce for the first time on Monday after pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease. Traders said the ECB had made good on its...
