Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
Loss of confidence in the dollar is accelerating and it effectively sits now on what amounts to a trap door. US debt downgraded by S&P was a big story.
Gold rose more than 1% on Friday, setting a record high ($1,877 an ounce ) for a second straight day and posting its biggest one-week gain (6%) in 2-1/2 years on worries about stalled U.S. growth and Europe's debt crisis.
Venezuelan leader to withdraw $11B in gold reserves to protect against “disturbances” in financial system
Gold: $1817.90 / Silver: $40.540
Venezuelan President Hugo Chavez ordered the central bank to repatriate $11 billion of gold reserves held in developed nations’ institutions such as the Bank of England as prices for the metal rise to a record.
Gold rallied to its second record high in a week on Thursday, driven by growing investor unease over the outlook for the U.S. economy after data showed an unwelcome pickup in inflation, and over the lack of resolution to the European debt crisis.
40 years ago today former President Nixon was fighting inflation and overwhelming war costs and with that he ended the last remnants of the gold standard. At that time Nixon claimed he was defending the dollar but his critics said it was one of the m
Today the sovereign debt and dollar crisis, plus rising energy and gold prices, are combining with Colombia's growing reputation for tourism, real estate investing and retirement to create an investment potential long delayed by past decades of civil
Food prices are skyrocketing all across the globe, and there’s no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a
Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours.
Commodity analysts at JP Morgan are predicting the price of gold may hit $2,500 or higher per ounce by the end of the year, the Financial Post reported on Monday.
Watch Charles Goyette with Judge Napolitano on FREEDOM WATCH! The 40th Anniversary of the End of the Dollar/Gold Linkage!
Gold vaulted above $1,700 an ounce for the first time on Monday, after the respective pledges by the G7 and the European Central Bank to quell the turbulence in the financial markets did nothing to put investors at ease. Traders said the ECB had m
It’s a rainy morning here in Belgrade, one of those days where the gray skies and drizzle sap the spirit and motivation to do much at all. But I have quite a few things to be excited about today.
Gold surged to an all-time high in New York as investors sought to protect their wealth against the possibility of a U.S. default that may come as soon as next week amid a standoff over the country’s $14.3 trillion debt limit.
Short animation arguing for re-introduction of gold as money because of its independence. Written and narrated by Dominic Frisby. Animated by Pola Gruszka. Sponsored by Gold Resource Corporation.
Probably nothing, maybe something: There was a very sharp move higher (to a new record) on gold in early trading coming out of the weekend.
It's a case that combines history and mystery--and very valuable gold coins. The stakes were certainly high: One of these rare $20 pieces sold for a record $7.59 million in 2002. Here's the story. A jury decided that a Philadelphia woman, Joan Langbo
Print. Lie. Borrow. Deceive. Deny. These are a the principal tenants of the Greek restructuring plan that were released today from Brussels… it’s as if EU policymakers put it together after shaking a Magic 8-ball.
Right now, the global financial system is facing a crisis that is really unprecedented. The reserve currency of the world (the U.S. dollar) is collapsing and the second most powerful currency on the planet (the euro) is also collapsing.
Gold settled at an all-time high above $1,602 an ounce Monday, extending a record rally as investors sought a safe haven on fears that U.S. lawmakers could fail to raise the debt limit, resulting in a default.
As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce, lifting silver to $39 in it
Spot gold hit a record high above $1,589 on Thursday, buoyed by a sharp drop in the dollar after Moody's warned the U.S. may lose its top credit rating, the possibility of more Federal Reserve stimulus and Europe's deepening debt crisis.
The alpine country of 7.7 million residents holds 1,040 tons worth about $46 billion, almost as much as China, and only decoupled its currency from gold in 2000.
Senators Rand Paul (R-KY), Jim DeMint (R-SC) and Mike Lee (R-UT) introduced legislation this week that would eliminate all taxes on gold and silver coins, elevating them from the status of "collectables" to "legal tender" of the same status as Federa
A treasure trove of gold and silver jewelry, coins and precious stones said to be worth billions of dollars has been found in a Hindu temple in southern India, officials said on Saturday.
Should the U.S. sell off its gold reserves to pay down debt? That's the latest idea being tossed around by gold bug Ron Paul. Not only would selling Old Yeller help the U.S. pay its bills, says libertarian Paul, but it would put more gold in the hand
"Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15". The story, by a Tyler Durden, goes into details of legislation I was unaware of until now, legislation that's about as evil as any legislation can possibly get.
Gold Rises to New Record in British Pounds – Close to Near Record Highs in Euros and Most Currencies on Global Debt Contagion Risk