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Los Angeles, CA – Gold prices fell sharply Wednesday, trading down more than $60, or approximately 4%, to $1715.00 an ounce after market participants interpreted Federal Reserve President Ben Bernanke’s remarks to Congress as negative for the prospect of another round of quantitative easing (QE3). In addition, profit-taking measures from technically-oriented traders also caused gold

Los Angeles, CA – April Gold futures rose over $30 to $1756.10 an ounce on approval of a second bailout package for Greece that also caused the Euro to surge. Silver prices also climbed almost 90 cents to above $34.16 an ounce as the U.S. dollar index was trading weaker on Tuesday. The second Greek bailout deal

Los Angeles, CA – April gold futures fell for the sixth time in seven days Thursday on fresh news out of the European Sovereign debt crisis. Gold fell 0.4% to $1727.50 an ounce and silver dipped down .27% to $33.41 an ounce after EU officials postponed an important meeting to decide on additional bailout measures

Los Angeles, CA – The precious metals markets took a corrective pull-back on Monday on investor profit taking and carry over selling from late last week. Gold traded approximately $20.00 lower around $1720 an ounce while silver traded down $0.24 to $33.50 an ounce Monday morning. As gold made the largest rally in 7 weeks,

Los Angeles, CA – Gold futures prices traded above $1730 an ounce on Tuesday, marking a fresh seven-week high on near-term bullish technical momentum. Silver prices are also trading higher, reaching a 10-week high at above $33 an ounce following suit with gold’s technical trading momentum. The Federal Reserve’s FOMC notes last week served as

Los Angeles, CA – Gold and Silver futures posted solid gains following the Federal Reserve’s FOMC statement on Wednesday.  Gold jumped over $45 to $1710 an ounce and silver climbed almost $2 to $33.21 on the news that the Federal Reserve intended to continue its accommodative monetary policy through 2014. The Fed’s announcement caused a

Los Angeles, CA – February Gold futures prices hit a fresh six-week high of $1676 an ounce, as the U.S. dollar traded lower Monday morning and crude oil prices traded higher near $100.00 a barrel. Silver also traded bullishly at $32.45 an ounce following Gold’s upward movement in price. Some of the key points to

Los Angeles, CA – Gold prices hit a fresh four week high at $1645 an ounce on renewed safe-haven investment interest and near-term technical momentum. News earlier this week of a weaker U.S. dollar index and higher crude oil prices pushed the precious metal above its near-term chart technical resistance of $1643.70. March futures for

Los Angeles, CA – The precious metals markets made solid gains on the first day of trading in 2012. On Tuesday, Gold passed the $1600 an ounce mark and silver traded up as high as $29.73 an ounce, as bargain hunters were buying up precious metals taking advantage of the recent dip in prices. Positive

Los Angeles, CA – The price of gold fell nearly 7% last week to $1600 an ounce on strong U.S. dollar gains and the December 14th announcement by the Federal Reserve saying they would refrain from taking new stimulus measures on the economy.  The Fed’s announcement combined with signs of increased funding stress in Europe