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Gold News
Profit Taking Continues: Gold Dropped Slightly
by Michael Locklear
September 24, 2012 – Gold prices fell slightly today retreating from its previous near seven month high. The spot price for gold was lower today at $1763.30 per ounce as more investors seek to take profits in response to lower crude oil and grain prices. Gold is taking a brief respite as traders watch tomorrow’s […]
Stimulus Announcements Pushes Gold To 6 1/2 Month High
by Michael Locklear
Anticipation that recent central bank monetary easing actions will increase liquidity and inflation while keeping interest rates low pushed gold prices to new six and a half month high today. This is Gold’s fifth straight week of price advances. The spot price for gold hit a peak today at $1787.20 an ounce but retreated slightly […]
Gold Down Slightly Due To Profit Taking
by Michael Locklear
Due to drops in the stock market in oil prices and a strengthening dollar, gold investors are selling off some holding and taking profits from recent record high prices. Gold yesterday reached its highest price since February 29 when it rose to $1779.50 per ounce. Shortly after the announcement that the Bank of Japan would […]
Gold Moves Toward Six Month High,Then Retreats
by Michael Locklear
Gold started out the day pushing towards a six-month high as the spot price rose to $1779.10 before retreating to the current spot price of $1769.70. The price rose after the announcement of the Bank of Japan that it would join the other central banks in its own round of monetary easing. Prices later retreated […]
Bulls Cautious, Gold Down Slightly
by Michael Locklear
September 18, 2012 – As investors pause following Friday’s monetary easing announcement by the Federal Reserve and a record-breaking stock rally, Gold moved slightly down yesterday and today. The gold market is looking to where it might go next. Nonetheless bulls still remain confident that the price of gold will just continue to climb into […]
Fed Announcement Has Gold Down Slightly And Stock Markets Rallying
by Michael Locklear
September 17,2012 – Gold prices are down slightly today after Friday’s rally. The current spot gold price is $1767, dropping slightly after Friday’s slight increase in last week’s overall 2% gain. The stock market rallied after Bernanke’s press conference on Friday where he laid out the current monetary easing actions known as Quantitative Easing 3.
Standard […]
Inflation Fears Continue To Push Gold Prices Higher
by Michael Locklear
September 14, 2012 – Federal Reserve Chairman Ben Bernanke made his long-awaited announcement yesterday concerning his new round of monetary stimulus for the U. S. Economy. This time around his moves are even bolder than before. Quantitative Easing 3, involves a purchasing of mortgage debt to the tune of $40 billion per month for the foreseeable future. […]
Gold Industry Leaders See New Highs Within 12 Months
by Michael Locklear
September 13, 2012 – Gold price increase predictions are coming from both banks and leaders of the gold mining industry. Although slightly more conservative than recent predictions from UBS and Bank of America, the CEOs of three major gold producers are predicting that within the next year the price of gold should rise to near […]
Gold Bugs Waiting for the Next Big Surge
by Michael Locklear
September 12, 2012 – The Federal Reserve’s commitment, as expressed by Chairman Bernake, to prevent another recession by every means possible, have gold market analysts predicting that the spot price of gold will reach a record high in the immediate future. Predictions that the price of gold would reach heights above $1800 per ounce have […]
Gold Prices Continue to Rise On Fed Expectations
by Michael Locklear
September 11, 2012 – As investors are waiting and anxiously anticipating the outcome of this week’s meeting of the Federal Open Market Committee (FOMC), which is responsible for policy-setting and the Federal Reserve, to see if the Fed will institute a new round of monetary policy; the market is still fired up about QE 3. […]