Gold Prices Slump 2 Percent ahead of German Vote on Bailout Fund
Gold prices slumped 2 percent Wednesday as investors braced for a key vote on the future of the European bailout fund and readjusted portfolios ahead of the fourth quarter.
Wall Street Flat, Decision on New Greece Aid Awaited
Stocks were little changed on Wednesday after a three-day rally as investors waited to see if an audit of Greece's finances would lead to granting more aid to the country to avoid default.
3 Things Holding Back a Recovery in Gold Prices
On Monday gold concluded its biggest three-day plunge in nearly 30 years, and prices struggled Wednesday under the weight of three factors -- the absence of which would sharply boost the chance of the yellow metal to resume its climb toward $2,000 per troy ounce.
5 Reasons Gold Prices Just Took a Big Dive
Gold prices fell in the last week more than 10 percent, their longest such plunge since 1983, in a plunge that left the metal's reputation as safe-haven investment bruised, or worse.
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Gold Falls 1 pct on Dollar Strength; Investors Cautious
Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
Gold Prices Plunging Because Europeans Are ‘Dumping’ it
Gold prices are plunging in September partly because struggling Eurozone sovereign states are dumping [it] in the open market, speculated Michael Pento, president of Pento Portfolio Strategies.
Gold Prices Jump More Than 4%, Snapping 3-Day Losing Streak
Gold prices rose more than 4 percent Tuesday, breaking a three-day losing streak, on optimism that Germany this week will approve an expansion of Europe's bailout fund and a decline in the U.S. dollar.
Interpreting the Gold Boom and Bust: Still a Safe Haven?
One thing is clear. There's nothing like a gold standard when it comes to analyzing the way the precious metal prices have behaved in the past three months. Gold's decade-long bull run peaked in the last three months when the prices went up by around 30 percent.
Dollar Down, Eurozone Hope Up, Gold and Silver Rally
Spot gold rallied more than 1 percent and U.S. gold futures as much as 4 percent on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback.
Gold Prices Rebound More Than 3%, Dollar Falling
Gold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.
Gold Price Down, Silver Falls but Recovers
Gold prices fell 2.7 percent Monday, its fourth day in a row to decline, as investors raised cash to cover losses and a touch of optimism about Europe drew investors back into the stock market.
High Gold Prices Extend Life of Mali's Top Mine
Record high gold prices will allow Mali and its partners to continue producing from the country's top gold mine until 2020, seven years past the initial closure date, the government said on Monday.
4 Reasons Gold Prices Will Rise Again
Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts.
Gold Price Recovers, Rising from Overnight Collapse
Gold prices recovered from huge overnight losses Monday before paring losses to about 1 percent. Still in the last three days the precious metal has now lost more than 9 percent of its value in its biggest three-day drop since 1983.
Silver, Gold Tumble Further on Dollar, Liquidation
Spot gold fell 5.2 percent and silver dropped by the most in three years, extending Friday's rout as investors bolted for the ultimate safe havens of cash and the dollar.
Gold Prices Plunge More Than $100 Per Ounce
Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
Gold Falls Hard; Silver Falls Harder
Gold prices plummeted Friday, at one point tumbling to 15 percent below the level of three weeks ago, as investors started buying stocks and, to a lesser extent, euros. Silver is now down 25 percent from its mid-week level.
Gold Price Falls 3 Percent, Losing Safe-Haven Cred to Dollar
Gold prices fell about 3 percent Friday, setting up the third weekly decline for what has recently been touted as the pre-eminent safe haven.
Gold Prices Plunge as Global Pessimism Sparks Stampede on Dollar
Gold prices plunged Thursday when investors stampeded out of precious metals, as well as stocks, into the perceived safety of the U.S. dollar.
Gold Price Drops on Fed's 'Operation Twist'
Gold prices plummeted more than 3 percent Thursday after the Federal Reserve pronounced the economy seriously ill but then prescribed what many traders and analysts saw as a virtual aspirin.
Spot Gold Slips In Asian Trading
Spot gold slipped on Thursday under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the U.S. Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook.
Silver Prices Seen Rising Sharply - Denver Gold Forum Participants
All that glitters is not just gold, with prices for silver also expected to strongly rise within the year due to a worsening economic landscape.
Long-Time Gold Investor Switches Postions
After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.
Gold Jumps over $1,800 on Expectations of Fed Action
Gold prices rose over the $1,800 mark Tuesday on expectations that the Federal Reserve will decide this week on further steps to stimulate the economy and fresh evidence that the economy needs some stimulation.
Gold Price Set for Biggest Daily Gain in More Than a Week
Gold was set for its biggest daily gain in over a week on Tuesday, after a downgrade to Italy's credit rating added to the strain on European leaders to solve the region's debt crisis.
Spot Gold up after Downgrade of Italy
Gold rose on Tuesday, after Standard and Poor's downgraded Italy's credit rating, adding to the strain on the debt-distressed euro zone, while uncertainty over the outcome of a key U.S. Federal Reserve meeting also helped buoy the market.
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