The Swiss “No” Vote Neutral for Gold Prices

Posted filed under Precious Metals News.

swiss francs with gold bars

It was only a few days ago (Sunday, November 30, 2014) that the voters in Switzerland overwhelmingly rejected the conservative party’s initiative of requiring the country to hold 20 percent of their reserves in gold. In the lead-up to the vote on the referendum, pundits were saying that a “yes” vote would send gold prices… Read more »

Weekly Gold Price Recap: November 24 – November 28, 2014

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,197.30 Close: $1,168.50 | High: $1,201.00 Low: $1,166.80 Gold prices opened the week on Monday down from a three-week high. The last week was bullish for gold as China surprised investors with an interest rate cut, but Monday saw Germany’s president state that monetary policy alone wouldn’t spur economic growth. This was after European… Read more »

Gold Prices Jump Back Over $1,200 an Ounce

Posted filed under Gold Prices.

gold-price-rally1

December has started off with a bang for gold. A rally in oil prices has sparked a renewed interest in the precious metal as investors move their money to safe-havens in anticipation of the price increases effect on the global economy. According to Bloomberg, crude futures in New York rose as much as 3.8 percent,… Read more »

How Much Gold Do Central Banks Actually Have?

Posted filed under Gold Prices.

Gold Bars

Ask an economist why the price of gold goes up or down and he will invariably tell you that it is merely a function of the law of supply and demand. If more people want gold and fewer people want to sell gold, the price goes up. If there are more willing sellers than buyers,… Read more »

Weekly Gold Price Recap: November 17 – November 21, 2014

Posted filed under Gold Prices.

Gold Price Recap

Open: $1,187.20 Close: $1,200.90 | High: $1,205.00 Low: $1,178.20 The gold trading week started out slightly lower than the gains posted on Friday, mostly due to bearish outside markets, including a strong dollar and low crude oil. However, speculators who believed Monday’s prices to indicate the week’s near-bottom were correct. Japan announced overnight that its… Read more »

Will Switzerland Revert To A Gold-Backed Currency?

Posted filed under Precious Metals News.

swiss francs with gold bars

What It Could Mean for Gold Investors A generation or two ago, nearly all forms of currency in the world relied on gold holdings to back up their monetary power. As a result, the relative value of a given currency closely followed the price of gold as well as the quantity of gold that any… Read more »