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

Gold Down to End Day but Up to End Week

Friday, 22 March 2013
Written by
Published in Gold Investing
Gold fell off from their highest point this week and ended the day down. However, the yellow metal still finished up overall for the week, which made that a third straight week of gains. All of this despite the fear and concerns coming out of Cyprus. Silver was also down today, going into the weekend with a loss. Read more...

Gold Up but Cools Slightly on Cyprus Fears

Thursday, 21 March 2013
Written by
Published in Gold Investing
Gold was up slightly again, but slowed down as fears from the Cyprus area was still apparent from investors and traders. The yellow metal finished up again, but only by the smallest of margins at 0.1 percent. It is apparent that fears coming out of Cyprus have slowed the current price jumps gold has been experiencing. Read more...

Gold Pulls Back as Investors Milk Profits

Wednesday, 20 March 2013
Written by
Published in European Economy
After four sessions of gains, gold finally pulled back some today as investors milked their profits for all they were worth. The 4 day streak, which mostly resulted from the bailout issues in Cyprus, finally ended as investors are not willing to hang on to their gold for too long it seems right now. Read more...

Gold Rises for Fourth Straight Session

Tuesday, 19 March 2013
Written by
Published in Gold Investing
Gold was up for the fourth straight session today as many investors are nervous regarding the deals of the Cyprus bailout. This help bolster the yellow metal to another gain of over $6, planting it firmly above the psychologically important $1,600 per ounce price mark. Read more...

Gold Up on News of Cyprus Bailout

Monday, 18 March 2013
Written by
Published in European Economy
Gold was up to start the week as news came down that the European Union had to bail out banks in Cyprus and also planned to levy a tax on depositors as part of the rescue package. News of this trickled down to the market and sent gold up to start the week. The dollar index and U.S. Treasurys were also higher. Read more...

Gold Slowly Climbing Back to $1,600

Friday, 15 March 2013
Written by
Published in Gold Investing
Gold was up again today as we head into the second weekend in March. The yellow metal is very close to hitting the psychologically important $1,600 per ounce price mark again, as reports of inflation may be helping the yellow metal’s recent gains in price. Read more...

Central Banks Look to Build Gold Reserves

Thursday, 14 March 2013
Written by
Published in World Economy
Central Banks have a choice to make. They either need to buy and sell gold, or start looking into building gold reserves. This will help their situations in the long run and add to their non-Dollar and non-Euro assets. This according to a new study from gold-market development organization the World Gold Council. Read more...

Longest Gold Rally in Six Months Ends on U.S. Data

Wednesday, 13 March 2013
Written by
Published in Gold Investing
The longest gold rally in over six months ended today as stronger than expected data released in the U.S eased the pressure on the Fed stimulus program. While most are certain the Feds will keep the $85 billion per month program going, the better than expected data didn’t help gold price any. Read more...

Gold Has Longest Rally in Over 6 Months

Tuesday, 12 March 2013
Written by
Published in Gold Investing
Signs of slowing growth in Europe eased the minds of many investors, as most are now sure that the stimulus programs in the area will keep going. That allowed gold to take off on its biggest rally in over 6 months due to the demand for the precious metal as both a commodity and a safe haven. Read more...
Gold was up and down today before finishing up overall as U.S. investors are still trying to get a feel for the overall outlook of the Euro crisis. While most think the situation over there is being contained, the ongoing and lengthy process for coming to some sort of a conclusion and bailout has really weighed investors down over the last year and a half. Read more...