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Los Angeles, CA – Gold Futures traded higher Monday morning on short covering and bargain-hunting buying after weaker than expected U.S. employment data was that released last Friday. Over the past week, further gains in gold were limited due to bearish “outside markets” as the U.S. dollar index traded firmer and the price of crude

Los Angeles, Ca – June Gold contacts on the Comex division of the New York Mercantile Exchange closed Friday at $1671.90 an ounce. The yellow precious metal rose higher this week, up .42% on the U.S. dollar index trading lower and crude oil prices rising higher to $103.00 a barrel. Silver also closed Friday trading higher,

Los Angeles, CA – April Gold Futures traded solidly lower Thursday, hitting a 9-week low. Gold traded $16.20 lower to $1634.50 an ounce on a firmer U.S. dollar index and crude oil trading down almost $4 to ~$105.00 a barrel. Silver also traded lower down $.40 to $31.82 an ounce. The precious metals sector took

Los Angeles, CA – Gold futures traded solidly lower Wednesday morning on selling pressure following Tuesday’s news from the Federal Open Market Committee (FOMC) and stress test news from J.P. Morgan. Gold prices hit a fresh seven-week low, trading $ 33.80 lower at $1660 an ounce on Wednesday. Silver also traded lower, down .42 cents

Los Angeles, CA – Gold Futures rallied from a 5-week low Wednesday morning on renewed optimism that Greece will be able to manage its debt issues and on a report that showed an overall increase in U.S. hiring. April gold futures traded higher by $13.50 or 0.8% to $1685 an ounce on the Comex division

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