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The price of gold closed at $1,247 on Friday, ending the week higher by 1 percent. Silver rallied to $19.91 on Friday, a 2 1/2 year high, closing higher by 1.7 percent for the day and gaining 4.25 percent for the week. The ratio of gold to silver – the number of ounces of silver

Los Angeles – The gold price began the week at $1,226 and finished the week at $1,238 an ounce for its first four-week gain since June. Gold bullion prices are up 4.8 percent for the month of August and 13 percent for the year. Silver began the week at $17.93 and finished the week above

Los Angeles – The price of gold gained one per cent for the week, Gold's first three week rally since June, while the price of silver dropped below $18.00. The Fed’s practice of keeping interest rates near zero gave gold bullion prices a boost this week. Thomas Hoenig, the president of the Kansas City Federal

Los Angeles – Gold bullion prices closed the week higher by 1.03 per cent at $1214.60 on Friday for a second consecutive weekly gain, while the price of silver lost 1.74 percent and finished the week at $18.09 an ounce. The dollar marked its best week in nearly two years on Friday after dropping to

Gold prices could set new record highs above $1,030 an ounce in 2009 as investors flock to the precious metal as a hedge against future inflation and a weaker dollar, according to a leading fund manager. Investec Global Gold Fund’s portfolio manager Daniel Sacks said a combination of safe-haven buying of gold as an alternative

New York, July 30, 2009 — Global Hedge Funds are buying physical gold. In fact, twenty out of 22 hedge fund managers interviewed by Moonraker Fund Management in the United States are buying gold to protect their personal wealth against excessive inflation. Jeremy Charlesworth, Chief Investment Officer of Moonraker and manager of the Moonraker Commodities

Warren Buffett appeared on CNBC today during the before trading show “Squawk Box”, and told reporters: “The U.S. Dollar will buy a lot less in 10 years than it does today, that’s for sure”… Buffett has been warning investors about the falling U.S. Dollar for many years, including this report: Source: Wall St. Journal Marketwatch