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Gold and silver prices surged on Friday on market hopes of a “breakthrough moment” in the eurozone debt crisis, following the conclusion of the latest European Council meeting in Brussels. Though the European Union is taking concrete steps to move the eurozone towards a banking union – with the new $634 billion European ...
“Spexit” – short for a Spanish exit from the eurozone – is the new word leaping of the tongues of market analysts, with investor attention centred on problems in the Spanish banking sector. Though the European Union has offered Spain more time to sort out its budget problems, news that Madrid will have to fund the ...
The gold price broke out decisively to the upside in trading yesterday, with the August Comex contract gaining $13.10 (0.9%) to settle at a record price of $1,562.30 per troy ounce. Today’s Asian trading session has confirmed gold’s move higher, with the gold price now close to the nominal high of $1,577 that was reached on ...
Euroland dominates the financial headlines again, with Greece facing financial collapse, and Ireland seeking to renegotiate her bailout terms. In both cases, the people are beginning to rebel against the spending restrictions imposed by their politicians at the behest of the European Union and the International Monetary Fund. This is the ...
Roman Baudzus writes -- The worldwide gold demand reached a 10-year-high in 2010. The gold sales were at 3,812.2 tons last year, which corresponds to a rise in demand of 9% on an annual basis. All the more gold traders as well as visitors are feverishly awaiting the 30th anniversary of the precious metals exhibition MidEast Watch & ...
From the GoldMoney News Desk -- The gold price was down slightly to just under $1,370/oz on Friday, after staying in a tight range since Tuesday afternoon. Safe-haven buying on the dips kept gold supported, while a stronger US dollar capped gains. Boosting the dollar was news from the US that weekly initial jobless claims have reached ...
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Gold:Gold Buy Rates |
$44.2818/gg $1,377.30/oz |
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Silver:Silver Buy Rates |
$0.7224/gg $22.47/oz |
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Platinum:Platinum Buy Rates |
$46.9080/pg $1,459.00/oz |
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Palladium:Palladium Buy Rates |
$23.8118/pd $740.60/oz |
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