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 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
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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...

China’s Gold Imports Fall

Wednesday, 05 June 2013
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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...

Gold Up for Second Straight Session

Thursday, 30 May 2013
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Published in Gold Investing
The demand for gold and other precious metals was up today as the dollar dropped again and buying of ETP’s (Exchange Traded Products) both helped the yellow metal gain for a second straight session. This is not something that has been happening very often, so it is nice to see the yellow metal move up in price in consecutive sessions. Read more...

Forecast Cuts Cause Drop in Gold

Tuesday, 28 May 2013
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Published in Gold Investing
A strong dollar and forecast cuts from J.P. Morgan Cazenove and Bank of America Merrill Lynch caused gold to drop coming out of the long holiday weekend. While the yellow metal didn’t lose much, the fact of the matter is that it was indeed another price drop for gold. Read more...
A weakness in global equities and the decline of the dollar both helped gold spike upward to its highest level in a week. A stock market plunge in Japan also helped, as they got wind of possible stimulus shutdown as well as slower interest from China. Read more...

Demand From China Pushing Gold Up

Wednesday, 22 May 2013
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Published in Gold Investing
Gold has had somewhat of a tough time of it lately, but got a boost today as demand coming out of China helped push the yellow metal back up over the $1,400 per ounce price mark. While it is still a long way off from a price point that investors are comfortable with, the fact of the matter is that… Read more...

Sell Gold or Hang On?

Tuesday, 21 May 2013
Written by
Published in Gold Investing
So, with prices in gold continuing to drop, it seems there is once again that very popular yet confusing question going around. Should you sell your gold or continue to hang on to it? Well, the answer to that will depend on whom you speak with, but the fact of the matter is that hanging on to your gold is… Read more...
Gold and silver slumped again due to the fact that there is plenty of concern out there regarding the very real possibility that the Feds are looking to reduce the stimulus bond-buying program that so many investors and traders think America still desperately needs. Read more...

Corrective Pullback Pushes Gold Lower

Tuesday, 21 May 2013
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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...