Bank of America:Gold Could Peak at $5000
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts said the precious metal could soar to $3,000 or even $5,000 over the longer-term.
Gold Gains Ground Breaking 6-Day Trend
Has Gold Finally Found Support?
Gold moved to the upside breaking 6-day losing streak today. The “Futures Now” crew breaks down the precious metal’s move. Credit the dollar for gold’s move and find out how the ECB (European Central Bank) decision on interest rates tomorrow will affect both the gold and the dollar. If rates are cut then
Silver Beats Gold – Asian Demand Eases but Challenges London as World Hub
Despite rallying from a 1-day low of $1310 per ounce lunchtime Friday in London, gold was still trading 1.4% down from last week while European stock markets also reversed earlier losses. Silver initially dipped 2.7% last week but the recovered to finish at $21.80 last Friday. “Asian demand for physical gold picked up briefly this week when prices fell below $1300 an ounce,” says Reuters. Today Wed October 9th, Silver
Gold Bullion Leaps More than $50 to $1365 in September
Feds Shock World By Not Tapering QE
On Wednesday September 18th 2013, gold bullion skyrockets in late trading more than $50 to just over $1,365.
Soaring approximately 4% on Wednesday after the Federal Reserve bucked expectations by not tapering its $85 billion monthly bond-buying program known as quantitative easing, or QE. After hovering above and below $1,300 in anticipation of