Tag: Gold news

Precious Metals Market Report: Gold gains 0.6% on PBOC, ECB easing – November 21, 2014

Precious Metals Market Report: Gold gains 0.6% on PBOC, ECB easing – November 21, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained 0.6% to close just under $1,198 after a surprise rate cut by the People’s Bank of China and new asset purchases by the European Central Bank stoked demand for hedges against currency devaluation. China reduced interest rates for the first time in more two years […]

By November 22, 2014 0 Comments Read More →
Precious Metals Market Report: Gold dips 0.2% on mixed data – November 20, 2014

Precious Metals Market Report: Gold dips 0.2% on mixed data – November 20, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold dipped 0.2% in choppy trade to close just under $1,191 as traders digested mixed U.S. and global economic data. The metal initially rose above $1,195 in early trade after manufacturing surveys in three of world’s four largest economies signaled slowdowns in November. Markit reported that China’s […]

By November 21, 2014 0 Comments Read More →
Precious Metals Market Report: Gold dips 0.2% on dollar, Draghi – November 17, 2014

Precious Metals Market Report: Gold dips 0.2% on dollar, Draghi – November 17, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dipped 0.2% to close at $1,183.50, holding on to most of Friday’s 2.1% surge, as a rebound in the dollar reduced demand for alternative stores of value. The dollar rose near a five-year high against a basket of major rivals after Mario Draghi said the ECB […]

By November 17, 2014 0 Comments Read More →
Why the National Media Has the ISIS Gold and Silver Coin Story Wrong

Why the National Media Has the ISIS Gold and Silver Coin Story Wrong

By Charles Morgan and Hubert Walker for CoinWeek…. The news exists–or should exist–to produce an informed populace, under the assumption that a populace needs to be informed in order to make beneficial decisions for society and state. But sometimes what comes across the wire is so horrific, so brutal, so tasteless–so against the grain of […]

Precious Metals Market Report: Gold surges 2.1% on oil, OPEC view – November 14, 2014

Precious Metals Market Report: Gold surges 2.1% on oil, OPEC view – November 14, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 2.1% to close at a six-week high above $1,185 on speculation that OPEC may cut production, boosting demand for the metal as a hedge against higher oil prices. Gold initially dropped in early trade after reports that U. S. consumer sentiment hit a seven-year high last […]

By November 14, 2014 0 Comments Read More →
Precious Metals Market Report: Gold Gains 0.2% on Rising Jobless Claims – November 13, 2014

Precious Metals Market Report: Gold Gains 0.2% on Rising Jobless Claims – November 13, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained for the second in three sessions, edging up 0.2% to close at $1,161.50, as higher jobless claims pressured the dollar and boosted demand for alternative stores of value. Initial claims for unemployment benefits rose by 12,000 last week, the most in two months, as layoffs […]

By November 13, 2014 0 Comments Read More →
Precious Metals Market Report: Gold Slips 0.3% as Dollar Rallies – November 12, 2014

Precious Metals Market Report: Gold Slips 0.3% as Dollar Rallies – November 12, 2014

Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold slipped 0.3% to close under 1,160 as an uptick in the dollar diminished demand for alternative store of value. The ICE Dollar Index rebounded by 0.3%, helped by a tumbling British pound after the Bank of England lowered its quarterly inflation forecast, pushing the prospect […]

By November 12, 2014 0 Comments Read More →
Precious Metals Market Review: Gold Slides on Recovering Dollar – November 10, 2014

Precious Metals Market Review: Gold Slides on Recovering Dollar – November 10, 2014

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.9%, closing just under $1,160 as the dollar rebounded from Friday’s losses and global equities traded higher, eroding demand for alternative assets. The dollar recovered losses on Friday, when U.S. non-farm payrolls reported fewer jobs created in October than forecast. The disappointing employment data led […]

By November 10, 2014 0 Comments Read More →
Precious Metals Market Review: Gold slides 0.2% on ECB stimulus

Precious Metals Market Review: Gold slides 0.2% on ECB stimulus

Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.2% to close at $1,142.60, posting its seventh straight down session as the dollar extended its rally after the ECB announced deeper monetary stimulus in the Eurozone. Following a meeting of the ECB’s governing council, Mario Draghi said the central bank will boost asset purchases […]

By November 7, 2014 0 Comments Read More →
Counterattack by Bulls Sets Up Gold for Weekly Gain

Counterattack by Bulls Sets Up Gold for Weekly Gain

WHOLESALE MARKET gold prices climbed as high as $1594 an ounce during Monday morning’s London trading, jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of losses despite Greece and Spain seeing negative ratings decisions. A day earlier, Dollar prices to buy gold jumped 2% in two hours during […]

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

Gold Buyers “On the Sidelines” Playing “Wait and See” Ahead of FOMC Announcement

SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today’s US Federal Reserve interest rate decision. Silver prices fell to $33.43 per ounce – 2.5% down on last […]

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