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CNN recently reported that Oct. 18 could be the date the U.S. bangs its head against the debt ceiling. A new study by the Bipartisan Policy Center listed the date as the earliest that the government’s cash supply could run out somewhere between Oct. 18 and Nov. 5. That timeframe fits with a letter Treasury

Pending any major news for the rest of the week, gold is set to gain around 5% at the close of August. Recent news of the turmoil in Syria has given gold a boost over the past few days which pushed the price over the $1,430 per ounce mark. After this, gold curtailed some due

In a recent article on USAToday, the federal government’s credit card will hit its limit in mid-October, Treasury Secretary Jack Lew said Monday in a letter to House Speaker John Boehner, R-Ohio. Lew urged Congress to reach a budget deal to increase the $16.7 trillion borrowing limit in order to avoid rattling financial markets. Raising the

Gold jumped to a 11-week high, topping $1,400 an ounce in spot trading, as sales of new U.S. homes fell more than forecast, boosting speculation that the Federal Reserve will maintain economic stimulus. Sales of newly built homes in July plunged more than 13 percent, the most in more than three years, government data showed today.

It was another big week for gold. Thursday saw a rise in prices close to 2% and now Friday, gold is holding strong around the $1,365 per ounce mark. This week saw movement from hedge fund leaders, the release of new job data and even reports from the World Gold Council. Here is a look

Early in the week gold hovered around the $1,280 per ounce mark. News of the dollar’s decline helped gold rise above $1,310 per ounce on Thursday. Investors are still curious as to when the Federal Reserve will begin tapering the economic stimulus. A recent article by Bloomberg addresses the overall situation. “The weaker dollar is

Gold closes out July with a gain of more than 7 percent. This month has been a tremendous one for the yellow metal. Now moving into August, it seems recent word from the Federal Reserve may help gold prices moving forward. Here is a look at this week in gold. Largest One Month Gain in

The past 3 weeks have seen an overall upward trend for gold. It seems that no news is good news for gold at this point due to a lack of major headlines to shake gold’s foundation. The reports on gold in the past week have only added to gold’s recent stability. Here’s a look at

Cyprus is resisting pressure from the European Commission (EC) and the International Monetary Fund (IMF) to sell its gold reserves to finance its “bailout”. The Cypriot Finance Minister said that a sale of its gold reserves was not the only option under consideration to pay down its debt and that other alternatives were being considered. Cyprus

Gold fell $16.70 or 1.29% yesterday and closed at $1,275.70/oz. However, gold rose in Asian trading after Fed Chairman Ben Bernanke said that the central bank may start scaling back bond purchases later this year. Mark O’Byrne from GoldCore stated that “Gold’s value signifies a very tight physical market and premiums in China remain high. This