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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

This week Gold prices came close to hitting the $1,300.00 per ounce mark mid-week and many experts believe prices may have found a steady base given that this week is on track for an overall gain. Bernanke’s Comments Wednesday afternoon’s comments by Federal Reserve Chairman Ben Bernanke came as somewhat of a surprise to investors.

Recent articles posted by GoldCore and ZeroHedge show that Gold is changed near a one-week high, and is marginally higher in dollars as the dollar has retreated from a three-year high, and higher in most currencies. The gold market continues to digest the ramifications of gold borrowing costs surging to the highest since the post-Lehman Brothers

It’s no secret gold’s value has been sliding over the past few weeks. The major story that has been driving gold prices recently revolves mostly around the Federal Reserve. It’s true that the monetary stimulus program is related to the performance of gold, however a new issue is on the horizon that some believe may

Precious metals took an interesting turn of events during the week, with gold dropping close to 6% in the past couple of days. This comes in response to news on the Federal Reserve’s meeting this week. Here is a look at this recent turn of events and the outlook for gold. Bernanke’s Comments at the

Today, in one of the most important meetings this year, the Federal Reserve agreed to keep its easy-money policies going as planned, moving to calm markets that recently have anticipated a possible tapering of stimulus. The Fed stated it will continue to buy $85 billion a month in Treasury bonds and mortgage-backed securities until the labor market

This week precious metals did not show a strong indication of an upward or downward trend. Points lost in one trading day were quickly made up the next. Many believe gold and silver investors are in a wait-and-see mode for now. Here are a few events from this week that may put a stop to

“When the world figures out the position that we’re in, gold is going to the moon.” – Peter Schiff On a CNBC interview yesterday, Peter Schiff of Euro Pacific Capital made some bold statements about his perspective on the long term value of Gold. “Gold can certainly make a move up to $1,700 or $1,800,

After a couple weeks of solid gains for gold, the yellow metal fell about $30 per ounce during the morning hours of trade. A report by the U.S. Labor Department may give the Federal Reserve enough reason to slow down its ongoing monthly bond buying program. Today’s slip in prices for precious metals reflects investors’

According to the United States Mint, a total of 3,458,500 of the one ounce .999 fine American Silver Eagle bullion coins were ordered in May 2013. While this was a 15% drop from the previous month, it still marks a significant period for Silver coin sales. May sales were 583,500 higher than the same month