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Los Angeles, CA – Gold futures traded solidly lower Wednesday morning on selling pressure following Tuesday’s news from the Federal Open Market Committee (FOMC) and stress test news from J.P. Morgan. Gold prices hit a fresh seven-week low, trading $ 33.80 lower at $1660 an ounce on Wednesday. Silver also traded lower, down .42 cents

Los Angeles, CA – Gold Futures rallied from a 5-week low Wednesday morning on renewed optimism that Greece will be able to manage its debt issues and on a report that showed an overall increase in U.S. hiring. April gold futures traded higher by $13.50 or 0.8% to $1685 an ounce on the Comex division

Los Angeles, CA – Gold prices fell sharply Wednesday, trading down more than $60, or approximately 4%, to $1715.00 an ounce after market participants interpreted Federal Reserve President Ben Bernanke’s remarks to Congress as negative for the prospect of another round of quantitative easing (QE3). In addition, profit-taking measures from technically-oriented traders also caused gold

Los Angeles, CA – April Gold futures rose over $30 to $1756.10 an ounce on approval of a second bailout package for Greece that also caused the Euro to surge. Silver prices also climbed almost 90 cents to above $34.16 an ounce as the U.S. dollar index was trading weaker on Tuesday. The second Greek bailout deal

Los Angeles, CA – April gold futures fell for the sixth time in seven days Thursday on fresh news out of the European Sovereign debt crisis. Gold fell 0.4% to $1727.50 an ounce and silver dipped down .27% to $33.41 an ounce after EU officials postponed an important meeting to decide on additional bailout measures

Los Angeles, CA – The precious metals markets took a corrective pull-back on Monday on investor profit taking and carry over selling from late last week. Gold traded approximately $20.00 lower around $1720 an ounce while silver traded down $0.24 to $33.50 an ounce Monday morning. As gold made the largest rally in 7 weeks,

Los Angeles, CA – Gold futures prices traded above $1730 an ounce on Tuesday, marking a fresh seven-week high on near-term bullish technical momentum. Silver prices are also trading higher, reaching a 10-week high at above $33 an ounce following suit with gold’s technical trading momentum. The Federal Reserve’s FOMC notes last week served as

Los Angeles, CA – Gold and Silver futures posted solid gains following the Federal Reserve’s FOMC statement on Wednesday.  Gold jumped over $45 to $1710 an ounce and silver climbed almost $2 to $33.21 on the news that the Federal Reserve intended to continue its accommodative monetary policy through 2014. The Fed’s announcement caused a

Los Angeles, CA – February Gold futures prices hit a fresh six-week high of $1676 an ounce, as the U.S. dollar traded lower Monday morning and crude oil prices traded higher near $100.00 a barrel. Silver also traded bullishly at $32.45 an ounce following Gold’s upward movement in price. Some of the key points to

Los Angeles, CA – Gold prices hit a fresh four week high at $1645 an ounce on renewed safe-haven investment interest and near-term technical momentum. News earlier this week of a weaker U.S. dollar index and higher crude oil prices pushed the precious metal above its near-term chart technical resistance of $1643.70. March futures for