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
News Desk

Corrective Pullback Pushes Gold Lower

Tuesday, 21 May 2013
Written by
Published in Gold Investing
A corrective pullback from the higher late trading yesterday caused gold to fall lower early today. A stronger U.S. dollar also played its part in causing the yellow metal to drop from the late level it traded at during the Monday session. Read more...

Weak Jobs Report Spikes Gold

Friday, 05 April 2013
Written by
Published in Gold Investing
A weaker than expected jobs report caused gold to spike up over $13 to end the week. Investors were forced to cover short positions as the data came out, causing a very nice price jump in the yellow metal going into the weekend. Read more...

Gold Price Down With Jobs Report

Wednesday, 03 April 2013
Written by
Published in Gold Investing
Gold prices were down again, this time not as bad though, as weaker than expected jobs data came to light. Softer growth in March was the main culprit of the yellow metal’s drop this time around, though it only dropped by a couple of dollars. Read more...
Gold was forced down today, only one day removed from making a nice run to get back over the psychologically important $1,600 per ounce price mark. That didn’t last long though, as the yellow metal was pushed back down over 1 percent (close to $20) as stocks rose strong on upbeat sales data for car makers and a climb in U.S. equities. Read more...

Gold Starts April Strong

Monday, 01 April 2013
Written by
Published in Gold Investing
Gold started the new month off strong, opening April with a nice push toward the $1,600 per ounce price mark. The shot up in price was also helped by some safe haven demand, as weaker than expected manufacturing data was released. Read more...

Gold on Track for Quarterly Drop

Thursday, 28 March 2013
Written by
Published in Gold Investing
Gold has been struggling to make any type of gains over the past several weeks. While the yellow metal has been up and down over the last few weeks, it has also hovered around the same $1,575 - $1,610 per ounce price mark. It seems as though the yellow metal just can’t break through right now and is somewhat stuck in the same place. Read more...
Gold declined again today and is heading for its worst run since 2001. Easing economic fears and the Cyprus banks reopening have caused the yellow metal to sputter. Unless gold makes a huge jump tomorrow it will end the week down overall. Read more...

Gold Holding Steady Against U.S. Data

Wednesday, 27 March 2013
Written by
Published in Gold Investing
Gold held steady right around the $1,600 per ounce price mark even as a stream of promising and steady U.S. data came through. That. Coupled with the continuing concerns over the Cyprus bailout issues have caused the yellow metal to drop a bit over the last few days, as it may end up losing overall for the week. However, the yellow metal is trying to stay strong and wait for… Read more...

Investor Demand for Gold Down Some

Tuesday, 26 March 2013
Written by
Published in Gold Investing
Investor demand for gold dropped for a third straight day, as the rescue bailout of Cyprus has both investors and traders laying off the yellow metal right now. Gold will need to make a couple of moves back up in price over the next few days if it wants to finish the week up overall. Read more...

Gold Falls on Cyprus Deal

Monday, 25 March 2013
Written by
Published in European Economy
After several days of small gains that allowed gold to end last week up, the yellow metal fell today as the Cyprus deal was put into place. Not only did the yellow metal drop on the Cyprus deal, but it dropped below the psychologically important $1,600 price mark again, where it has been more often than not lately. Read more...