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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

Los Angeles – Gold bullion prices closed higher at $1,381.80 an ounce on Friday bringing gold’s year-to-date gain to over 26 percent for 2010. Silver prices closed slightly lower at $29.22 an ounce for a 73 percent year-to-date gain and pushing the price of silver to its best year since 1980, when it reached an

Los Angeles – Gold bullion prices closed higher at $1,374.00 an ounce on Friday just four percent below its recent all-time high of $1,432.50 reached on December 7. Silver rose higher closing at $29.12 an ounce as it increased the Gold-to-Silver ratio to 47, very close to its near four year low of 46 reached

Los Angeles – Gold bullion prices closed at $1,386.60 an ounce on Friday, 1.5 percent lower for the week and just 3.5 percent below a record all-time high of $1,430.95 an ounce reached on Dec. 7. Silver closed Friday at $28.59 an ounce, down 1.9 percent on the week after climbing to a 30 year

Los Angeles – The price of gold was up more than 3 percent for the week, closing at $1,413.10 an ounce, its biggest gain since April, while silver gained a whopping 9 percent for the week to close at $29.23 an ounce. The Gold-to-Silver ratio has just dropped to 48 this week. The ratio was at