Why the economy could still tank in 2012

Hey, did you happen to see where the recovery went? For a while there, it looked as if jobs were returning, the housing market was close to bottoming out and consumers were growing more confident about their own economic outlook. But then came a disappointing jobs...

Record Gold Buying and the Financial Cataclysm Ahead

Today I was watching the Bloomberg, my favorite source of financial news and analysis on what is happening in the financial markets. The news and happenings coming out of the global financial markets particularly the gold and silver markets are very interesting. Gold,...

Federal deficit so far: $777 billion

The federal government racked up an almost $780 billion deficit in the first six months of the fiscal year, according to new data from the Congressional Budget Office. While that’s quite a large number, it’s actually $53 billion less than the same period...

Gold Prices Gain as U.S. Employers Add Fewer Jobs Than Forecast

Gold in London rose for a second straight day after U.S. employers added fewer than jobs than forecast, boosting prospects for the Federal Reserve to use additional stimulus measures to spur growth. Payrolls climbed by 120,000 in March, the Labor Department said...

Gold Demand Still Blossoming In China–Artigas/WGC

-China’s romance with gold, though intense, still appears to be in the courting stage and there is a lot of room for growth in the demand for the metal, said an official of a major gold industry association. In an interview with Kitco News, Juan Carlos Artigas, global...

PRECIOUS-Gold rebounds after fall but fading QE hopes cap gains

Gold prices rose on Thursday as its fall to a near three-month low the previous day tempted some buyers back, but gains were capped by a rise in the dollar and fading hopes for more U.S. monetary stimulus. Spot gold was up 0.6 percent at $1,628.34 an ounce at 1420...

Gold extends losses as U.S. stimulus hopes fade

Gold edged lower on Wednesday, extending a nearly 2 percent tumble in the previous session, as the minutes of the U.S. Federal Reserve’s last policy meeting showed diminishing appetite for further monetary stimulus. Expectations of another round of quantitative...

METALS OUTLOOK: Gold Market Looking Ahead To Second Quarter

If gold prices can hold near where they ended this week, the yellow metal may be able to rebound next week to start off the second quarter on a firmer foot, market participants said. Prices were higher on Friday and on the week. The most-active June gold contract on...

Goldman: Buy Gold, it’s ‘Too Low’

Goldman Sachs and other big banks are setting their sights on a bull run for gold in lieu of presently depressed prices. Commodities analysts at Goldman Sachs are telling traders to buy gold now because of the sharp gold-price decline in the wake of declining U.S....

PRECIOUS-Gold extends losses after U.S. data

Gold prices fell towards $1,670 an ounce on Wednesday, extending the previous day’s retreat from a two-week peak, after data showing a smaller-than-expected rise in new U.S. manufactured goods orders lifted the dollar to session highs versus the euro. Momentum...