Gold News

Gold Prices Increase In Spite of Global Economic Concerns

Although there has been no respite for the investors from the current economic crisis, gold was traded at increasingly higher prices in the second week of August. Investors were unsure about how their prospects would change, and this was evident by the fact that trading volumes were significantly lower from … more

Gold Prices Hold after Encouraging Data from China and BoJ

Although experts were skeptical about the bullion market prospects from the past couple of days, gold, and with it silver, managed to hold their own after some encouraging data from China and the Bank of Japan on the 9th of August. The prices managed to hold on to the mark … more

ECB’s Lack of Action Extends Gold Losses

The market was hopeful after the European Central Bank’s president, Mr. Mario Draghi, had made a bold and hopeful statement which said that they would do anything within their abilities to ease the Euro zone crisis. However, the policy statement release did not live up to the expectations of the … more

Spain’s Financial Health Causes Gold Prices to Drop by 1%

Gold prices dropped considerably as worries about the financial health of Spain deepened all over the world. The prices reduced by an excess of 1% and even the Euro suffered due to the increasing pressures. The Euro slowly fell to almost a 2-year low against the United States dollar and … more

Failure in Quantitative Easing Pushes Gold Prices Down

Gold prices further fell when they were expected to rise this week, due to the failure of Ben Bernanke, the chairman of the Federal Reserve, to point out any sort of financial push in his congressional testimony. This implied that there would be no aid for recovery, which was widely … more

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