Gold price spiked higher Thursday, buoyed by a delayed reaction to the Federal Reserve maintaining a generally dovish tone toward monetary policy and on concerns about bubbling tensions in Iraq regarding militants seizing a few key cities throughout …
"Besides the Iraq insurgence and U.S. dollar weakness, I think Fed action may actually be one of the big reasons why gold shot up yesterday, gaining nearly $44 in a single day, good for a 3.4% gain," Money Morning Resource Specialist Peter Krauth said …
Silver rose, ignoring gold's weakness, lifted by technical buying after a break above its 200-day average and as stronger copper prices lifted the grey metal's industrial appeal, traders said. The yellow metal still posted its biggest weekly gain in …
Gold Today – The gold price closed at $1,318.20 up $34.20 on Thursday in New York. In Asia prices pulled back slightly to $1,307. In London, the Fix was set at $1,310.00 up $28.00 and in the euro at €962.958 up €22.731, while the euro stood stronger …
Gold prices extended their rally on Friday as investors continued to weigh U.S. monetary policy and sought to fireproof their portfolios against escalating tensions in Iraq. The most actively traded contract, gold for August delivery, was recently up …
"There are a lot of reasons investors should own gold," said Donald Doyle, chief executive of Blanchard & Co., a precious metals dealer in New Orleans. The current geopolitical uncertainty "illustrates the metal's qualities as insurance when …
Gold and silver prices were rising for a third straight day, following the Federal Reserve's decision to keep interest rates low for the immediate future. Gold rose $2.50, or 0.02 percent, to $1,316.60 an ounce while silver rose 30 cents, or 1.5 …
Editor's Note: Kitco News will be releasing a daily feature during the week of June 16 – June 20 focusing on the world's top five gold producing countries, which will include a daily graphic of the countries largest producing mines. (Kitco News …
NEW DELHI: Gold prices today surged by Rs 605 to hit one-month high of Rs 28,625 per ten gram in the national capital, recording the biggest single-day gain this year, after the precious metal posted its steepest rise in nine months in the global markets.