Gold rallies past $1,600 amid economic fears

Gold rallies past $1,600 amid economic fears The metal hits record highs as investors worry about the persistent debt crisis in Europe and the potential for a default in the US. By TheStreet Staff on Mon, Jul 18, 2011 10:01 AM Gold prices reached record highs Monday...

Gold rise 3% ($108) on risks of U.S. and euro-zone debt defaults

SAN FRANCISCO (Market Watch) — Gold futures finished higher Friday to score a gain of 3.2% for the week, as lingering concerns over the potential for U.S. and euro-zone debt defaults helped prices tally a nine-session gain of nearly $108 an ounce. Gold for August...

China warns U.S. debt-default idea is “playing with fire”

Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially...

Chaotic economic climate sends gold rising

European sovereign-debt markets in chaos threatening the viability of the euro — budget deadlock in Congress — Ben Bernanke implying yet more monetary ease — and this evening Moody’s threatening a downgrade on U.S. debt … and gold goes to new highs? Duh! Many would...

Strong Summer Ahead For Gold Prices

Traditionally, gold tends to take a bit of a breather during the summer season but this year might be a little different. The metal is likely to have a big summer, because of what is going on at a big picture geopolitical level. Gold price may surpass $1,650 an once...