This Week in Gold

After touching $1,300/oz. in late January, gold is again hovering around its $1,200 resistance level. It did quite a bit of bouncing around this week, however, hitting a low of $1,197.56 on Wednesday and a high of $1,222.90 on Thursday, as concerns over Greece’s debt wavered and the Federal Reserve expressed caution about raising interest rates too soon.

This week in gold, the U.K. Royal Mint reported increased demand for gold coins among Greek investors seeking a financial safe haven from the political and economic uncertainty in their country. A Swiss bank CEO said they “keep noticing that gold is coming back into favor with investors,” and the World Gold Council released a report on

This week in gold, we shared the news that in January gold had its biggest monthly gain in three years, announced the winners in the first annual American Bullion Scholarship Program, and contemplated whether the world is at war…a currency war, that is. See below for your weekly recap. Gold climbed 8% in January – biggest monthly

“It is both painful and funny to see Russians repeating the same mistake again and again.” That mistake is turning to foreign currencies as a hedge against crisis instead of physical gold, according to Russian coin dealer Dmitriy Balkovskiy. In an article for Casey Research which we outlined in Monday’s blog, Balkovskiy recalls incidents he witnessed on December 16, 2014

It was a busy news week for gold. The European Central Bank announced on Thursday that it will buy 60 billion euros worth of assets per month through September 2016 – a quantitative easing plan like the one the United States implemented from 2008-2014. In response, the euro tanked and gold rose back above $1,300/oz.

“Market chaos as Switzerland scraps cap against euro” “Switzerland Ambushes the Global Economy” “Why the World Is Freaking Out About Switzerland Today” “Tiny Switzerland has thrown a big wrench into global financial markets” “THE SWISS FRANC IS OUT OF CONTROL” These are just a few of the headlines from this week regarding the Swiss National

Gold is off to a solid start to 2015, making its first weekly gain in four weeks as concerns over another crisis in Greece boosted safe-haven demand for the yellow metal. “Bond guru” Bill Gross warned that “The time for risk taking has passed,” and the U.S. Mint reported strong sales of its American Gold Eagle coins

Gold hit its highest price since late October this week, breaking through the $1,200 resistance level it has been hovering around for some time. On the blog, we covered American Bullion’s recent food donation to the Ventura County Rescue Mission, gold’s sudden rebound, financial commentator Peter Schiff’s latest thoughts on gold and other markets, and the U.S. Mint’s