Recent Articles
Gold Jumps to Three-month High in Late-Session Rally
The gold price closed higher in spot trading in New York on Wednesday, posting a healthy gain late in the session as increased friction between Iran and the west spurred safe-haven buying. The Greek bailout hangover and doubts over the solidity of the U.S., European and Chinese economies sent silver and stocks down. Oil and [...]
Gold Spikes as Dollar Slides on Confirmation of Greece Bailout
Precious metals surged in spot trading in New York on Tuesday, as the European Union and member state Greece finally came to an agreement for the second bailout in two years. News of the deal sent traders running from the dollar and buying gold, silver and other commodities. Stock markets could not capitalize on the [...]
Gold Drops Slightly Before Monday’s Greece Decision
The gold price posted minor losses in spot trading in New York on Friday, as investors positioned themselves for Monday’s confirmation of whether or not Greece will receive its second bailout in as many years. Stocks closed mixed. The European Union is working out final details of another rescue package to save Greece and an [...]
Everything Up as Europe Makes Concessions to Help Greece
Precious metals, stocks and other commodities rose on Thursday as the ECB and European leaders made concessions to help Greece obtain its second bailout. A debt swap along with a plan to lower the interest rate for loans to Greece was the catalyst for the latest optimism. A positive jobs report in the U.S. helped [...]
Precious Metals Hold Ground as Greece Default Possibility Spooks Markets
The news out of Europe today was not good. Greece’s supposedly secure bailout by the EU was postponed until at least the end of February. The news sent stocks down as doubts over Europe’s solvency permeated markets. The gold price held steady and managed a slight gain at close. It also seems that the Old [...]
Gold Ends Near Unchanged as Markets Hold Breath Over Greece
An up-and-down day in the markets saw little change across the board at the closing bell. The gold price posted early highs in spot trading in New York, only to fall after midday and come back to close flat at the end of the day. Lower-than-expected January retail sales in the U.S. had sent markets [...]
Greek Parliament Approves Austerity Measures and Sends Markets…nowhere
The gold price traded flat in spot trading in New York on Monday, as Greece managed to approve austerity measures that pave the way for a new injection of EU taxpayer money to keep the debt-ridden state on life support. What should have been a huge confidence booster for the markets passed as a non-event. [...]
Greek Rescue Delay Sends Metals & Markets Down
The gold price finished the week with losses in spot trading in New York on Friday, as renewed doubts over the mid-term sustainability of Greece’s debt overload sparked a market-wide sell-off. Europe is demanding that Greece concede more to achieve further rescue packages, putting a hold on debt talks and sending traders racing to the [...]
