Blog

Los Angeles – The Gold price gained 1.42 percent to $1,428.00 an ounce for the week while the price of silver jumped by 6.60 percent to $35.51 an ounce and the Gold/Silver ratio fell to a new 13 year low of 40.21, as silver outperformed gold. The week began with the Fed Bank of New York President

Los Angeles – The price of gold rose for a fourth consecutive week on Friday gaining 1.51 percent, to $1,408.00 an ounce on continuing unrest in the Middle East and North Africa, and renewed fears of rising inflation. Silver prices rose 2.46 percent, to close at $33.31 an ounce for the week. The price of

Los Angeles – The Gold price gained 0.53 percent to $1,355.70 an ounce to close higher for a second consecutive week as silver rose 2.89 percent to close the week at $29.89 an ounce. The Gold/Silver ratio, dropped to 45.36 as silver outperformed gold. The week began with an announcement by J.P. Morgan Chase on

Los Angeles – The price of gold saw its first weekly gain in the new year after climbing 1.02 percent to $1,348.60 an ounce on Friday as silver rallied almost 6 percent for the week to close at $29.05 an ounce. The Gold/Silver ratio (GSR) dropped to 46.42 as the price of silver became more expensive

Los Angeles – Despite gold’s rally on Friday, the price of gold closed slightly lower, down just 0.54 percent for the week at $1,335.00 an ounce, while silver prices gained 1.75 percent for the week closing at $27.44 an ounce. The Gold/Silver ratio (GSR) fell slightly to 47.81, as silver became more expensive relative to

Los Angeles – Following the recent monetary tightening in China, India, and Brazil, the price of gold has been under pressure, closing slightly lower on Friday at $1,342.30 an ounce, down 1.24 percent for the week. Silver prices closed at $27.44 an ounce, down 3.31 percent for the week. The Gold/Silver ratio (GSR), the number

Los Angeles – China tightened bank reserves for the fourth time in two months before Friday’s market opening causing the price of gold to slide 1.0 percent to $1,359.20 an ounce as silver prices also slipped 1.0 percent to $28.38 an ounce. The Gold/Silver ratio (GSR), the number of ounces of Silver needed to purchase

Los Angeles – The gold price dipped to $1,368.20 an ounce on Friday and the price of silver followed gold closing at $28.72 an ounce after a week of profit taking and asset allocation. Gold bullion prices began the week on a strong note above $1,420 an ounce after ending 2010 with a 29.7 percent

Los Angeles – The price of Gold ended the year at $1,421.20 an ounce after gaining 1.25 percent on Friday. The price of silver was up 1.60 percent on Friday to close the year at $30.88 an ounce, close to its highest level since 1980. Silver posted a record 83 percent gain for 2010, its