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Investors Purchasing Physical Gold after Prices Drop

mosesbet — Mon, 06 Feb 2012 14:05:35 +0000

With commodities and stocks reducing in value, gold prices dropped. This followed on the heels of speculations that it was likely that Greece would default. Gold prices fell by $6.000 when talks between bond holders and Greece did not end in an agreement. A €130 billion rescue package leans heavily ... more

Increasing Greek Default Odds Bring Down Gold Price

mosesbet — Mon, 30 Jan 2012 14:58:25 +0000

At the beginning of year 2012, the price of gold was a little above 1600 USD ($1,613 to be precise).

January has been particularly good for the precious metal, as its prices followed a relatively inclining trend during the month.

However, on Tuesday, 24th January, 2012, the price of gold had declined ... more

Second Half of New Year may See Gold Prices Reach $2,000

mosesbet — Mon, 23 Jan 2012 13:13:02 +0000

Investors are keen to know whether the past decade’s gold boom is set to reach a new high. Surveys have been indicating that it is possible that gold will trade along the present levels during the first six months of the year. This may be followed by a rebound in ... more

Weakening Dollar Helps Gold Prices to $1653

mosesbet — Wed, 18 Jan 2012 12:45:00 +0000

Weakening Dollar Helps Gold Prices

In the past few days, gold prices were on the rise following the ascent of stocks and the weakening of the dollar. Another reason is that investors purchased back positions that they had previously traded. Momentum traders too went in when gold broke above its moving ... more