This Week in Gold

Gold kicked off the week with a two-day rally, making its biggest one-day gain in three months on Monday and hitting a three-week high of $1,214.91/oz. on Tuesday, but fell sharply after Wednesday’s conclusion of the Federal Reserve’s monetary policy meeting. It finished the week at the discounted price of $1,178.90/oz. Despite recent weakness in housing, employment, manufacturing, consumer

Gold grappled with geopolitical tensions and mixed economic data this week, ending the week at the attractive price of $1,181.40/oz. The escalating conflict in Yemen, Greece’s continued debt troubles, and weaker-than-expected U.S. housing and employment data lent support to the gold price. The weak data suggested the Federal Reserve may need to wait on raising interest rates. New information regarding Russia’s

Gold has been described as being in a “continuous seesaw” around $1,200/oz. as of late, and this week was no different. Economic cues were mixed: the U.S. dollar was up and down, industrial output and retail sales missed expectations, and concerns rose about Greece exiting the euro. On the blog we discussed the latest gold price forecast

Gold finished Friday at $1,208.30/oz. after bouncing around a bit throughout the week. Minutes from the Federal Reserve’s most recent meeting released on Wednesday showed Fed members were divided on whether to raise interest rates in June. Gold fell below $1,200/oz. in response but rebounded later in the week. On the blog we covered gold’s

Gold received a boost this week from disappointing U.S. jobs data on Wednesday, allowing it to break through its $1,200/oz. resistance level. News of lower jobless claims on Thursday pared some of Wednesday’s gains, but gold still managed to end the week above $1,200 at $1,202/oz. On the American Bullion blog we provided Part II of our exclusive

Gold rose 1.3% percent on the week, its second straight weekly gain, as tensions in the Middle East had investors seeking a safe haven. The spot price finished the week just below the key $1,200 level at $1,199.40, after touching $1,219.46 in early trading Thursday. U.S. stocks, on the other hand, suffered their biggest weekly loss

It was an eventful week for gold, as the Federal Reserve released a statement with a slight change in language that had investors puzzled. Gold responded positively to the news, jumping 2% the day the statement was released and seeing its biggest weekly jump since January. Gold began the week at just below $1,160/oz., and ended

This week in gold, the spot price had a high of $1,175.38/oz. on Monday and low of $1,147.97/oz. on Wednesday, and closed the week at a 1% loss. The continually robust U.S. dollar and speculation over the Fed raising interest rates this summer put downward pressure on the yellow metal, but also hurt the stock market –

If you thought gold was a bargain last week, you now have an opportunity to buy it for even less. Gold began the week at around $1,223/oz. and then settled around $1,200 for the next few days. On Friday morning, however, gold fell to $1,165.70, its biggest drop since December 2013. The drop occurred after data showed the

Gold again hovered around its key $1,200/oz. level this week, with a low of $1,191.75 and a high of $1,219.92. If you’re looking to buy gold at a relatively low price, the opportunity still stands. All eyes were on Fed Chair Janet Yellen for much of the week, as she testified before Congress on Tuesday