Monday, August 15, 2016

Gold Rises Despite Higher Dollar, Stocks Retreat

October 21, 2009 by · Leave a Comment 

New York gold futures climbed Tuesday, although the yellow metal lost a portion of earlier gains following a lifted US dollar which also pulled down oil prices for the first time in nine days. Silver, platinum and US stocks edged slightly lower. New York precious metals figures follow: Silver for December delivery fell 6.7 cents, [...]

Gold rises near $1 070 as dollar hits 14-month lows

October 20, 2009 by · Leave a Comment 

Gold rose closer to last week’s record highs above $1 070 an ounce on Tuesday as the dollar fell to a 14-month low against a basket of six major currencies, helping bullion maintain its appeal as an alternative to currencies. Record speculative net long futures positions, weak physical demand and scrap hitting the markets as [...]

Gold Rises to Record as Dollar’s Slump Spurs Investment Demand

October 14, 2009 by · Leave a Comment 

By Pham-Duy Nguyen and Nicholas Larkin Oct. 13 (Bloomberg) — Gold futures rose to a record as the slumping dollar spurred demand for the precious metal as an alternative asset. The metal is on course for a ninth straight annual gain. This year, gold has gained 20 percent. Today, the price reached a record $1,069.70 [...]


October 7, 2009 by · Leave a Comment 

Oct. 6 (Bloomberg) — Gold rose to a record on speculation that inflation will accelerate and erode the value of the dollar, boosting the appeal of the precious metal for investors seeking to preserve their wealth. Gold futures climbed as high as $1,038 an ounce in New York, topping the previous record of $1,033.90 in [...]

Gold rises to highest since March last year

September 16, 2009 by · Leave a Comment 

Silver and platinum rallied to multi-month highs on Wednesday with gold up more than $10 at its highest since March 2008, within sight of all-time highs after the dollar slid to a one-year low on investors’ renewed interest in alternative assets. Buying of gold accelerated when the dollar extended losses against the euro to its [...]

Gold rises on back of sliding dollar

September 11, 2009 by · Leave a Comment 

Gold rose above $1 000 on Friday as the precious metal continued to benefit from a weaker dollar amid growing risk appetite and inflation fears due to stronger oil prices. The precious metal topped $1 000/oz on Tuesday for the first time since February, with spot gold staging a stunning run to an 18-month high [...]

Gold Rises with Oil as Dollar Falls, Silver Declines

August 27, 2009 by · Leave a Comment 

Gold prices picked up slightly Thursday in hum drum day of narrow trading. The yellow metal eventually became more appealing to investors after oil prices climbed and the U.S. dollar weakened. Platinum advanced as well, but silver fell a few pennies. In other markets, U.S. stocks rose with the Dow extending its winning streak to [...]

Gold rises as investors’ doubts about recovery rise once more.

August 18, 2009 by · Leave a Comment 

Concerns about the extent of the recovery sending the risk averse back to the yellow metal Read more….

Gold Rises with Dollar Decline, Silver Advances

August 13, 2009 by · Leave a Comment 

Gold on Wednesday climbed for the second straight day as the U.S. dollar retreated against other world currencies and oil prices rose. In other metals, platinum declined but silver advanced. The three major U.S. stock indexes gained between 1.1 percent and 1.5 percent. In New York precious metals trading futures: Silver for September delivery gained [...]

Gold rises 113.8% over five year period

August 11, 2009 by · Leave a Comment 

By Michael J. Kosares, USAGOLD There is an old saying that in the land of the blind, the one-eyed jack is king. Similarly, in the land of little or no yield and plunging asset values, there is something to be said for that which holds its own, as gold did in USAGOLD’s Annual Survey of [...]

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