Recent Goldco News
  • Gold’s Value as a Safe Haven Intensifies

    Gold’s Value as a Safe Haven Intensifies
    For the second straight day, Gold has repeated last week’s pattern of defying its own customary summer trading doldrums. After a precipitous sell-off that knocked the yellow metal down to $1,298, it closed Thursday at $1,320 per ounce, up $19.00 from the previous day’s close. Additional sanctions on Russia, coupled with Israel’s just announced invasion of…
  • Gold Slips Below $1,300

    Gold Slips Below $1,300
    It’s been a brutal week for gold, with prices finally stabilizing marginally below $1,300. On Monday gold dropped 2.3%, the largest one day drop in all of 2014 so far. Gold prices bounced off lows in early trading on Wednesday, up $3.44 to $1,298.07, while silver was up $0.05 to $20.72.
  • Those Lazy, Hazy, Crazy Days of Summer

    Those Lazy, Hazy, Crazy Days of Summer
    There she goes again, surprising the daylights out of investors and market watchers, dashing expectations for another sleepy summer trading season! The scorned orphan of the financial community ratcheted up to yesterday’s London fix of $1,322.50 per ounce, and became its own hard act to follow at today’s London fix of $1,343.25. As I write,…
  • Gold Steady on Demand for Bullion

    Gold Steady on Demand for Bullion
    Gold traded mostly sideways this week, with early trading Wednesday pushing prices higher by $6.10 to $1,325.10. Silver was up $0.11 to $21.12, and platinum and palladium are also trading higher.
  • Gold Powers Higher

    Gold Powers Higher
    These are strange days for the economy, as both gold and the stock market posted higher prices in the same week. In midday trading on Wednesday, gold was higher by $3.21 an ounce to $1,329.40, and silver was up $0.24 to $21.24. The surge in gold prices was matched by the stock market, powering into record…
Recent Goldco News

Gold Up on Disappointing U.S. Data

Thursday, 21 February 2013
Written by
Published in Gold Investing
Gold started heading in a positive direction today after several sessions of losses. The yellow metal gained back some of its previous losses due to some disappointing U.S. data that came out. The yellow metal is trying o get back to that $1,600 per ounce price point that is important psychologically. Read more...

Gold Losing Safe Haven Appeal?

Wednesday, 20 February 2013
Written by
Published in United States Economy
Gold has taken some pretty big hits over the last few months, even going as far back as six months ago. While the yellow metal is still very desirable and will always be a fantastic investment, the fact of the matter is that gold has taken a hit because of the outlook of the economy. While we are far from out of the woods, the economy slowly continues to get… Read more...

“Gold Rush” in Russia Sparked by Meteor

Tuesday, 19 February 2013
Written by
Published in World Economy
There is a current “gold rush” in Russia sparked by the meteor that hit the country last week. However, this isn’t really about “gold” as it is finding a piece of the rock that many think will be worth a ton of money. People in the area and beyond are scrambling to find any kind of fragments of the meteor that came at them at an estimated 33,000 mph when… Read more...

China is Back in Play and Gold is Already Up

Monday, 18 February 2013
Written by
Published in World Economy
After taking a break from gold buying and the gold market over the holiday period China is back in the gold mix and already prices have started to show signs of recovery. China had not been buying gold over the last month or so, and while they are not solely responsible for gold price, they do make a huge difference when they are not actively involved in the market. Read more...

Bernanke Says Economy is Recovering

Friday, 15 February 2013
Written by
Published in United States Economy
The U.S. markets got good news heading into the weekend, as Fed Chair Ben Bernanke announced that U.S. economy is recovering, which is going to ease pressure for more stimulus measures. The gold market met this announcement with mixed results. What should have made the yellow metal go up in price actually shot it down below $1,600 for the first time since last August. Read more...
Gold has now hit a six-month low, as a stronger dollar continues to work to drop the yellow metal. However, gold should be on the rebound soon because of the currency wars and tensions from that arena. The yellow metal was down almost $10 today, as investors and traders bide their time and wait to pounce back into the yellow metal. Read more...
Gold prices were down again today, as the dollar surprisingly continued to strengthen, This is a good thing, but now gold has to figure out how to play nice with the rising dollar. Chinese New Year Started yesterday, which should mean a swing upwards for gold. Read more...
After a full week or so of prices trending upward for gold, the yellow metal has been in a bit of a slump and has now hit a five week low. While the yellow metal didn’t drop significantly, it did indeed drop, and this price represents its lowest point since January 4. On the other had, platinum made some nice gains, but is this a sign of the economy picking… Read more...

Gold Drops in Front of Big G7 Meeting

Monday, 11 February 2013
Written by
Published in Gold Investing
Gold prices started this week down, as the yellow metal fell right ahead of the G7 meeting scheduled for this week. Despite all the promised continued stimulus buying, gold decided that this Monday was not going to treat it kindly. Read more...

Feds Keep Stimulus Going While Economy Pauses

Friday, 08 February 2013
Written by
Published in United States Economy
The Feds have decided they want to continue with the current $85 billion a month bond-buying stimulus plan. While even they admit that the current slowdown in the economy is probably only temporary, they have decided to keep the program running in an effort to try and get the unemployment rate back down. Read more...
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