Get Live Gold Price
Published: MONDAY, AUGUST 26, 2013
Author: By MICHAEL KAHN
Read Full Article
Get Live Gold Price
Published: MONDAY, AUGUST 26, 2013
Author: By MICHAEL KAHN
Read Full Article
Published: Friday, 16 Aug 2013 | 5:38 PM ET
By: Bruno J. Navarro
Dissecting the day's major business news, with the "Fast Money" traders; and as the market sold off, gold rallied nearly 4 percent this week. Marc Faber of "The Gloom, Boom and Doom" report, provides perspective.
By Joe Richter - Jul 15, 2013 11:53 AM ET
Precious metals over the past 4 months have taken a considerable beating. Today we sit at $1280 and $19.80 in gold and silver respectively.
Michael Allan McCrae | April 26, 2013 Mining.com
This time around record gold and silver coin sales is investment driven, says James Anderson from GoldSilver.com.
"People see silver in the 20s and they think that is a great buy," says Anderson who is managing director of the bullion dealer.
It has been a wild past for weeks for spot gold and silver, with yellow metal holding $1539 on the down side and silver touching $26.68. The metals have seen a bounce back this morning.
The precious metals market remains jittery as the situation in Cyprus is coming into its final hours. Spot gold lost $12 to trade to $1604, while silver moved lower to $28.54.
Trouble in the Eurozone has reared its ugly head. Traders were sellers of the euro dollar as flight to gold was on the table as Cyprus is considering a tax on bank deposits to pay for a bailout.
As with all investments, the price of precious metals changes rapidly, and as such should be considered volatile. Upon entering the metals market, the risk of loss is solely that of the client. Only individuals who are capable of sustaining a capital loss should consider purchasing precious metals. Acquisitions in precious metals which are financed are considered high risk