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The end of last week saw the gold price complete its third consecutive-weekly gain, climbing 9% in the period. This morning it is down again which was to be expected given the FOMC’s meeting...
Like last week the gold price is set to end the week on its longest weekly rally since March this year. Turd Ferguson wrote last night that we haven’t seen three consecutive weeks of gold price...
When discussing the financial crisis many people ask ‘how will this end?’ Our Best of the Web author, Jim Rickards, has the answer; the gold standard. Of course, this is unlikely to come...
Gold was back on form today after taking a few days off. Jobless claims showed that more Americans are unemployed encouraging speculation that the Fed will continue on with QE.After hearing jobless...
The gold price climbed as high as $1,348.65 yesterday, its highest since Bernanke’s June 24 statement. This morning it has dropped back slightly thanks to some profit taking following the...
Yesterday was a good day if you were looking for reassurance about your gold investments. Gold rose solidly above $1300 thanks to a weakening dollar index, short covering and stop-loss buying as the...
Over the weekend lending rules were changed in China which saw the gold price edge higher overnight and push it up as high as $1,325. China’s PBoC said that they had ended a floor on lending...
Following last week’s near 5% rise, the gold price looks set to gain further this week posting an estimated 0.5% gain. Despite popping over $1,300 briefly this week it does not appear to want to...
Yesterday Bernanke took a swipe for the price of gold after he said that the FOMC still plans to start scaling back bond purchases later this year. But, as central bankers like to do, he left open the...
The gold price and price of silver both found support yesterday from a lower US Dollar index and Cyprus’ talk on gold. Both finished the day modestly higher.Today Bernanke will face Congress as...
All four precious metals dropped this morning. The third day of a consecutive fall in the gold price came as speculators await to hear Bernanke’s testimony over the next two days. The gold and...
Gold had a strong week last week, up by over 5%, its biggest weekly advance in nearly 2 years. This was despite the gold price falling back slightly on Friday. Silver gained 5.8%, its biggest weekly...
Analysts surveyed by Bloomberg are at their most bullish on the price of gold in five weeks due to Bernanke’s acknowledgement that QE was still needed by the US economy.Gold prices almost...
Whether on Twitter, by email or on LiveChat, we are so often asked ‘when will the gold price go up?’ It’s the question all of us would like to know the answer to, but if we did then...
Yesterday the markets waited for the release of the FOMC minutes and clues on QE tapering. The gold price waited and it was soon rewarded. The minutes were not as bullish as the markets had previously...
After an impressive performance yesterday thanks to a weaker dollar and some safe haven buying, the price of gold futures surged higher this morning, as did silver. Yesterday’s weak dollar came...
Friday’s stronger than expected jobs report saw the gold price fall on Friday afternoon and continue to do so into this morning. The fall comes as fears the Fed may soon begin tapering come...