NEW YORK (TheStreet) -- Spot gold prices were moving higher again on Wednesday as demand for physical gold bullion remains robust. Spot gold was recently quoted at $1427.20 per ounce, up $13.60. As discussed in previous posts, buyers for gold bullion have been coming out of the woodwork to buy at these reduced levels. It is this demand for physical gold bullion that stopped...
(29 days ago)
Submitted by Michael Krieger of Liberty Blitzkrieg blog, Chinese Gold & Silver Exchange Society Runs Out of Gold... Importing from Switzerland and London Hong Kong’s Chinese Gold & Silver Exchange Society has been in operations for over a century, and it’s President Haywood Cheung was interviewed by Bloomberg news earlier today. Whoever orchestrated the attack on...
(1 month and 3 days ago)
Today’s AM fix was USD 1,462.25, EUR 1,123.43 and GBP 947.79 per ounce. Yesterday’s AM fix was USD 1,446.50, EUR 1,107.07 and GBP 937.64 per ounce. Gold climbed $33.90 or 2.37% yesterday to $1,464.30/oz and silver surged +4.83%. Gold has surged 4.9% in dollar terms so far this week and is headed for its biggest weekly gain in one-and-a-half years. Gold has recovered in all...
(27 days ago)
Since equities had reached bottom in June 2012, major indices have rallied 21% to today, compared to -1% for gold bullion and -20% for the Gold Bugs index – An index of the 16 most popular gold mining companies.
(2 months and 24 days ago)
VANCOUVER, Canada (Bullion Bulls Canada) -- Recent commentaries have focused on the massive liquidation in the paper-gold market, as large investors (and in large numbers) have fled that paper in favor of real metal. It has now been established that this flight out of the paper-gold market was in response to the Cyprus "steal" -- and at least to some extent has been a...
(29 days ago)
We have been reporting extensively on the terminal disconnect between the paper gold market, which tumbled ten days ago for a variety of reasons, and the physical gold market which one can safely say, has seen a record surge in demand by those who wish to take advantage of the tumbling prices, depleting inventories of gold and silver in virtually all jurisdictions, and...
(30 days ago)
Submitted by Adam Taggart of Peak Prosperity, Spikes and plunges in the U.S. dollar price of gold; this is not new. It goes back to the early 1970s. We remember that for most of the past 40 years, physical gold and silver investors, particularly in the U.S., tended to chase big rallies and buy late, while too often selling after plunges or after long periods of price...
(26 days ago)
Gold prices dropped further at the domestic bullion market today on the back of subdued demand from stockists and jewellery traders amid poor investment off-take.
(16 days ago)
While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver $23 on no news... so it seems the demand for 'cheaper' precious metals was enough to warrant a 4.6% rally off overnight lows in gold and 12.5% in silver amid heavy volume in futures markets... Charts: Bloomberg
(3 days ago)
Gold prices on Saturday dropped by Rs 120 to trade at Rs 27,750 per 10 grams in the bullion market here due to subdued demand at prevailing higher levels.
(20 days ago)
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