Weekly Gold Price Recap: February 2 – February 6, 2015

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,273.80 Close: $1,235.60 | High: $1,283.20 Low: $1,231.60 Monday opened the week having lost about $10 over the weekend, after closing January last week with the largest monthly gains in three years. Still, gold opened the week trading around 7% higher than this time in January. In world news, Greece’s new finance minister Yanis… Read more »

Weekly Gold Price Recap: January 26 – January 30, 2015

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,285.00 Close: $1,284.20 | High: $1,292.10 Low: $1,256.00 Gold prices fell Monday after the leftist political party won the election in Greece on Sunday—from around $1,306 the previous Friday to $1,285 on Monday. This was partially due to profit-taking and partially due to easing of fears regarding Greece. Many were concerned that if the… Read more »

After Swiss Move, Gold Prices Climb

Posted filed under Financial News.

swiss-gold-investing

A century ago, every nation’s currency was linked directly to physical gold, meaning that it was necessary to keep reserves of the precious metal to stabilize the value of paper money. The United States famously kept their gold reserves at Fort Knox, where some $261 billion worth of the metal remains today, but America went off… Read more »

Russian Central Bank Buying Record Amounts of Gold

Posted filed under Precious Metals News.

russia-buying-gold

The numbers are in, and Thomson Reuters GMFS (Gold Fields Mineral Services) is showing that the Central Bank of Russia bought a record amount of gold in 2014. Most experts believe that Russia is attempting to strengthen the ruble thereby reducing their dependence on the US dollar. Online news source, RT, using information from Thomson… Read more »

Weekly Gold Price Recap: January 19 – January 23, 2015

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,283.00 Close: $1,293.10 | High: $1,303.80 Low: $1,283.00 Following last week’s gold buying surge, this week continued the upward trend for the yellow metal. Gold has gained almost $60 in the past two weeks, due to a few key influential factors: new Swiss economic policy, continued economic troubles in the Eurozone and a flocking… Read more »