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 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...

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 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… 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… Read more...
Germany’s Central Bank is deciding to bring back a lot of gold that it holds in New York and Paris. By 2020, half of its gold bars will be in its vaults, the Bundesbank said. It currently keeps less than a third at home. The bars were originally taken out of Germany as a precaution against an invasion from the… Read more...

Gold Spikes Up After Draghi Comment

Thursday, 10 January 2013
Written by
Published in European Economy
Gold, as it has been doing all through the first month of 2013, made yet another huge move, this time in the positive direction. Gold was up by almost $15 today as European Central Bank President Mario Draghi's announced that economic conditions would improve in the Euro zone later in 2013. While gold spiking up b y almost $15 is… Read more...
According to the finance minister of Greece, the Greece economy may start to grow again in 2014. The Greece economy, which is still expected to slump for a sixth straight year in 2013, may begin to recover in 2014, according to some statements made by the finance minister of the long struggling country."I believe that after the second half of… Read more...
Gold finally spiked up, albeit only a little, as European Central Bank President Mario Draghi left the door open for further rate cuts to boost the region’s economy, boosting the metal’s appeal as an alternative investment. While more interest rate cuts are not a guarantee, he may just be posturing, the news of the possibility was good enough for most… Read more...

Greece Debt Deal Weighs Gold Down

Tuesday, 27 November 2012
Written by
Published in European Economy
News of the debt deal in Greece didn’t have a positive affect on gold, as the yellow metal slipped by almost $3.00 as the markets try to regain losses from yesterday. That being said, gold is still right where it has been for the last couple of weeks after the initial November push that saw the yellow metal spike upwards… Read more...
Gold climbed yet again today as the European Central Bank stated that it would do whatever it takes to preserve the euro. This also came on the heels of increasing speculation of another U.S. stimulus that may be on its way soon. Read more...
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