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You don’t need complicated economic algorithms to understand one simple fact…Europe is on a downward spiral. Spain, Ireland, Greece and Portugal are all calling for outside help. Europe can easily help one country, but when one country becomes many – Europe won’t even be able to help itself. What Does This Have To Do With

Los Angeles, CA – August gold future contracts rose sharply Friday on fresh unemployment news out of the United States and deepening fear that the global economy has taken a turn for the worse. August gold contracts on the Comex division of the New York Mercantile Exchange rose to $1626.30 an ounce, up almost 4%

Los Angeles, CA – June Gold futures sold off sharply Tuesday afternoon and hit a new 4-month low of $1595.50 an ounce on key “outside markets”. A stronger U.S. dollar index as well as lower crude oil prices caused gold and silver to drop to near-term lows for 2012. Spot gold traded down $34.80 an

Los Angeles, CA – Comex gold futures prices remained relatively stable following the FOMC statement on Wednesday. Federal Reserve chair Ben Bernanke announced that while no additional actions will be taken by the central bank, the Federal Reserve remains ready and willing to provide aid to the U.S. economy if needed. Gold traded slightly higher this week, up

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