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Interest rate rises meaningless

From the GoldMoney News Desk -- Last night’s confirmation that Portugal is seeking an 80 billion-euro bailout from the European Union and the International Monetary Fund exposes once again the problems facing EU monetary authorities. Following Greece and Ireland, Portugal is the third country to seek a bailout. The problem is that ...

2011-APR-08 · The GoldMoney News Desk

Gold prices to rise with EU quantitative easing

From the GoldMoney News Desk -- The gold price staged a dramatic rally yesterday which momentarily saw the price reach a new record-high of $1,448 per ounce. However, sustained bank short-selling at the New York Comex drove the price back down over the course of the afternoon. Gold is now trading around $1,433. Yesterday also saw the ...

2011-MAR-25 · The GoldMoney News Desk

Gold Price Reaches New All Time Highs in Euros and Sterling

From the GoldMoney News Desk -- The gold price finally broke through the $1,350-$1,380/oz range on Tuesday, rising to just under $1,400/oz. Gold priced in Euros hit a new all time high at €1,070 while sterling priced gold also reached a new high at £895. Safe haven buying overpowered a strong dollar this week as fears of ...

2010-DEC-03 · The GoldMoney News Desk

Gold Price Stuck in Range for a Second Week

From the GoldMoney News Desk -- The gold price was little changed at $1,370/oz on Tuesday morning, struggling to find direction after spending most of last week in a range of $1,350-$1,380. Ireland's total bailout package was announced at 85 billion Euros, 17.5bn of which is to come from Ireland itself. To pay for these loans Ireland's ...

2010-NOV-30 · The GoldMoney News Desk


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