by agm | Feb 2, 2012 | news
As the U.S. government spends an unprecedented amount of money to fix the economy, there is an equally great need to raise the cash to pay for it. This is accomplished through borrowing, whereby Uncle Sam sells Treasury securities of varying maturity. For investors,...
by agm | Feb 2, 2012 | news
Gold, heading for the biggest January rally since 1983, may rise 33 percent further to a record $2,300 an ounce early next year, according to technical analysis by Ronald Stoeferle, a commodity analyst at Erste Group Bank. The precious metal closed above the 50-day...
by agm | Jan 26, 2012 | news
Kitco News) – Precious metals, paced by gold breaking $2,000 an ounce by the third quarter, should lead the commodity sector in 2012 with 20% gains by the end of the second quarter and up 21% for the entire year, Barclays Capital said Thursday. In a research...
by agm | Jan 26, 2012 | news
SAN FRANCISCO (MarketWatch) — Gold prices climbed to levels unseen since early December on Thursday, extending a rally triggered the previous day after the U.S. Federal Reserve pledged to hold interest rates near zero until the end of 2014. Gold futures for February...
by agm | Jan 25, 2012 | news
(Kitco News) – Gold rocketed above $1,700 an ounce Wednesday for the first time since mid-December when a statement from the Federal Open Market Committee suggested that policy-makers may be even more dovish than financial markets had expected. Furthermore, gold...
by agm | Jan 23, 2012 | news
* Gold climbs above $1,675/oz as euro swings higher * Markets await outcome of Greek debt talks * Palladium outperforms platinum on Norilsk comments (Updates with comment, refreshes prices) By Jan Harvey and Amanda Cooper LONDON, Jan 23 (Reuters) – Gold hit...
by agm | Jan 16, 2012 | news
But while solid demand at recent debt auctions in Italy and Spain calmed some investors, a Reuters report Friday that said ratings agency S&P could downgrade several eurozone countries at some point sparked a fresh bout of worries. Why ratings agencies take center...
by agm | Jan 13, 2012 | news
The recent correction in gold has once again led, to financial commentators warning of a bubble—just as they have incessantly since it first passed $400 an ounce. A bubble usually ends with day after day of speculative higher highs, not corrections like we have...
by agm | Jan 13, 2012 | news
Generally speaking, Stephen Briggs, senior metals strategist with BNP Paribas, says precious metals will trade higher in 2012. Gold specifically is expected to make some bold moves and stretch to further historic highs due to unstable economic conditions across the...
by agm | Jan 9, 2012 | news
Goldman Sachs Group Inc. (GS) is staying “overweight” on commodities as a rebound in demand revives speculation of shortages, with gold a favorite for 2012 as investors seek a hedge against Europe’s debt crisis. Gold futures traded on the Comex in New York may climb...
