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

Uncertainty Over Fed Policy Causes Gold to Slip

Friday, 14 June 2013
Written by
Published in Gold Investing
A recovery in the stock markets and small gains in the dollar combined with uncertainty over whether or not the Fed policy of bond-buying will stick around held gold in check for a third straight week. The metal finished the week down, as it is still looking for anything g to latch on to and make a run at a higher price point. Read more...

Weak Dollar and China Demand Extends Gold Price

Thursday, 13 June 2013
Written by
Published in Gold Investing
Gold was able to extend some small gains today as the Asian stock market fell and the dollar was also showing more weakness, coming in at a ten-week low. More uncertainty about where the Federal Reserve stands on continued stimulus is also helping the yellow metal make small gains. Read more...

Stable Market Helps Steady Gold Price

Wednesday, 12 June 2013
Written by
Published in United States Economy
After two days of losses in the stock market today was much more steady. As the market stabilized so did the price of gold. Seemingly working hand-in-hand with the market right now, the price of gold was much steadier today in early trading. However, gold still remained under pressure from expectations that central banks' commitment to ultra-loose monetary policy may be waning. Read more...

Gold Hits Three-Week Low

Tuesday, 11 June 2013
Written by
Published in Gold Investing
Gold continued to struggle this week, dropping again today and hitting a three-week low. While the yellow metal usually stays strong with safe haven purchases, even these types of purchases were also down, as many seem to not trust the yellow metal right now. Read more...

Gold Hits Two-Week Low on Stimulus Outlook

Monday, 10 June 2013
Written by
Published in Gold Investing
Gold got off to a rough start heading into the second week of June. The yellow metal hit a two-week low as continued speculation that the Federal Reserve will cut back on their bond-buying purchases continued to wreak havoc on the price of gold. Read more...

Gold Slides to End Week Slightly Lower

Friday, 07 June 2013
Written by
Published in Gold Investing
U.S payroll data came in much higher than expected. That apparently took a toll on gold, as the yellow metal fell 2 percent to end the week lower right before it was looking like gold would actually end the first week of June with a third straight week of overall gains. Read more...
Gold was able to held steady today at just under $1,400 per ounce. However, the yellow metal was unable to capitalize on the news of the weakening dollar. Gold will usually spike in price when the dollar falls, but this time the yellow metal was only able to hold firm furthering the thought that they yellow metal is just in somewhat of a funk in 2013. Read more...

Gold on the Rise After Poor Jobs Data

Wednesday, 05 June 2013
Written by
Published in United States Economy
Gold was on the move today as the newest edition of the U.S. jobs data report failed to meet expectations. This report also curbed reports that that the Federal Reserve was about to cut its stimulus program, as they may keep the bond-buying program in play for a while longer. Read more...
Gold swung back and forth today between gains and losses as more and more data was looked over and news that the Federal Reserve may indeed continue with asset purchases hit the wire. Read more...

China’s Gold Imports Fall

Wednesday, 05 June 2013
Written by
Published in Gold Investing
China’s gold imports took quite a tumble from April to May of 2013, as data showed that imports of gold bullion fell by around 41%. The Census Bureau said Wednesday that April saw of gold imports through Hong Kong to China total 126 tonnes, with 46 tonnes then re-exported back through the island. Read more...