Sunday, February 5, 7:18 pm Pacific

Daily Commentary

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Gold Drops on Stronger Dollar

Mon, Dec 12 2011

Gold prices kicked off the week down nearly 3% on a stronger dollar as continued worry over the Eurozone debt crisis plagued the financial markets. These concerns follow last weekâ [..]


EU Talks: Leaders Balance Rescue and Reform

Fri, Dec 09 2011

Gold traded higher on Friday as the euro rose and the dollar fell. Currencies reacted to the news that a new Chinese investment vehicle could provide additional funding to troubl [..]


Rob McEwen: Gold Will Reach $5,000

Tue, Dec 06 2011

Gold prices are lower on the New York Spot Market as of 8:12 a.m. PST on waning confidence over a resolution to the European debt crisis. Standard & Poor’s issued a warning that [..]


Gold’s 4% Rally Spurs Profit-Taking, Europe in Focus

Mon, Dec 05 2011

Gold prices are lower on the New York Spot Market as of 8:12 a.m. PST on profit-taking as investors took advantage of last week’s 4% rally in gold. According to The Street, “Th [..]


Jobs Report, Euro Zone Optimism Boosts Gold

Fri, Dec 02 2011

Gold traded higher on Friday on an encouraging jobs report from the United States and signs that euro zone policymakers are closer to resolving the debt crisis. The U.S. unemployme [..]


Gold at 2-Week High on Central Banks’ Action

Thu, Dec 01 2011

Gold prices are at 2-week highs after Wednesday’s action by the world’s largest central banks to loosen credit markets and provide more dollar liquidity. Beginning December 5, [..]


Gold Soars on Fed Action, Weaker Dollar

Wed, Nov 30 2011

Gold prices surged on the New York Spot Market rising nearly $ as of 9:30 a.m. PDT. Investors acquired the yellow metal following the move by the Federal Reserve and six other cen [..]


Gold Steady as U.S. Rating Outlook Cut to Negative

Tue, Nov 29 2011

Gold prices are up $3.60 today on the New York Spot Market as of 8:50 a.m. PDT as the U.S. dollar fell on hopes that Europe may stem its debt crisis and ratings agency Fitch cut th [..]


Gold May Reach $2,000 in ‘Near Future’

Mon, Nov 28 2011

Gold prices are rallying on the New York Spot Market as hopes emerged that a stronger fiscal union between the 17 nations in the Eurozone would stem the debt crisis and save the eu [..]


Gold May Reach $2,000 by March 2012: Report

Fri, Nov 25 2011

Gold prices are lower on the New York Spot Market on a stronger dollar and fresh debt downgrades in the Eurozone. Moody’s slashed Hungary’s credit rating to junk status following a [..]


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