News

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

Los Angeles, CA – The precious metals markets made solid gains on the first day of trading in 2012. On Tuesday, Gold passed the $1600 an ounce mark and silver traded up as high as $29.73 an ounce, as bargain hunters were buying up precious metals taking advantage of the recent dip in prices. Positive

Los Angeles, CA – The price of gold fell nearly 7% last week to $1600 an ounce on strong U.S. dollar gains and the December 14th announcement by the Federal Reserve saying they would refrain from taking new stimulus measures on the economy.  The Fed’s announcement combined with signs of increased funding stress in Europe

Los Angeles, CA – Gold sank down to $1630 an ounce on Tuesday after the U.S. dollar made gains for the third straight day. These strong gains came on news from the EU Summit last Friday of tighter Eurozone fiscal responsibility measures that were not well received by investors. The price drop in Gold and

Los Angeles, CA – The Price of gold pulled backed from a two week high Thursday just above $1700.00 an ounce on fresh news out of the European Union. This news was interpreted as being bearish by traders, resulting in a decline in global equity markets. This decline led to a selling in gold as

Los Angeles, CA – Gold rose past $1780 an ounce this week on hopes that the European sovereign debt crisis may be contained. The hope came from news that the Italian senate will likely vote and approve of a series of austerity measures designed to help the country avoid a bail-out from the European Central

Los Angeles, CA – Gold closed above $1670.00 on Wednesday marking a 3 week high. The gain comes after a large dip in price, down to $1600 an ounce from a record high of approximately $1900 an ounce in August. Shortly afterward the historical high, the Eurozone sovereign debt crisis caused many investors to liquidate