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 imports from Hong Kong to China dropped for the first time in four months. There was an initial surge in imports last month due to the demand for the Lunar New Year, but imports have since fallen off some due to investors curbing their appetite for the yellow metal. Read more...

Gold Jumps on Weaker Dollar

Thursday, 07 March 2013
Written by
Published in Gold Investing
Gold jumped in price again today, making it two days in a row that the yellow metal has made gains in price. It helped that the European Central Banks announced they were committed to the stimulus. A weaker U.S. dollar also helped the price of gold rise. Read more...

Gold Continues Upward Trend

Wednesday, 06 March 2013
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Published in Gold Investing
Gold continued its upward trend for a third straight day, as investors started looking at the yellow metal as a safe haven in light of the Federal spending cuts and the ongoing fiscal cliff issues that are all around us. Better than expected U.S. data also came through, which actually may have also helped the yellow metal instead of hurting it. Read more...

Gold Has Biggest Gain in 5 Days

Tuesday, 05 March 2013
Written by
Published in United States Economy
Gold had its biggest gain in 5 days as news came down that central banks will more than likely keep current stimulus measures going. This allowed for healthy trading as well as physical demand, and gold needed this boost after wavering for quite some time now. Read more...

Australian Gold Production Down in 2012

Monday, 04 March 2013
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Published in Gold Investing
Australian gold production in 2012 was down by 4 percent from the numbers that came out in 2011. This was due to a number of issues, including mines being tapped out and other issues. However, the overall production of gold in 2012 kind of balanced out since China’s gold production came in up 12 percent from its 2011 numbers. Read more...
Gold had a rollercoaster of a ride today, as the yellow metal waded through sequestration meetings and other news from around the globe. Gold ended slightly up heading into the weekend and preparing to start the first full week of March in a couple of days. Read more...
The 2013 version of the Girl Scouts of USA Silver Dollar was released today. The popular coin also had an official launch on Capitol Hill. Treasurer Rios was joined in the launch ceremony by Girl Scouts of the USA Chief Executive Officer Anna Maria Chávez and members of the Honorary Congressional Girl Scout Troop — Troop Capitol Hill. Read more...

Gold Price Jumps on Bernanke Testimony

Tuesday, 26 February 2013
Written by
Published in Gold Investing
The price of gold jumped big today as Bernanke gave testimony regarding the $85 bond buying stimulus that the Feds currently employ. The yellow metal was up over 2 percent from where it started the week, trading as high as $1,619 earlier in the day. Gold finally recaptured that above $1,600 price point that is so critical (psychologically) for investors and traders. Read more...
It looks like major spending cuts will go into affect this Friday, as there seems to be little chance that the President and Congress can come to any sort of an agreement before then. These cuts have been titled “sequestration,” the official name for the automatic federal spending cuts that will begin March 1. Read more...
Gold fell again today, setting up an overall loss for the week, which was to the surprise of no one. The metal is still struggling over concerns that the Feds are reconsidering their bond buying stimulus policy due to the fact that they think the economy is getting stronger on its own. Read more...