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

Jobless Rate Climbs, is it Time to Buy Gold?

Thursday, 10 January 2013
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Published in Gold Investing
According to the Labor Department, the newest jobs data showed that 4,000 more people were without jobs. With that being said, is it a good time to buy gold?Keep in mind that while these jobless rates may have increased, the fact of the matter is that these stats are usually off more during the holiday season and right after, which… Read more...

Gold Ends Down on Stronger Dollar

Wednesday, 09 January 2013
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Published in Gold Investing
Gold ended down today amidst the surprise of a stronger dollar. One day removed from gaining a bit in price the yellow metal was back down by just over $6 per ounce as the dollar bill decided to flex its muscles some.Gold for February delivery GCG3 +0.11%  settled down by $6.70, or 0.4%, to come in at $1,655.50 an ounce… Read more...

Gold Production to Rise in 2013

Tuesday, 08 January 2013
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Published in Gold Investing
Most gold forecasters and analysts see the price of gold reaching new highs in 2013. It seems that now the sentiment is that gold production itself may also rise in 2013 as well. According to Goldcorp Inc, which is one of Canada’s biggest gold miners, gold production will rise by about 10 percent to between 2.55 million and 2.80 million… Read more...
According to many outlets, state and local governments are in the best financial position they have been in since the recession. Despite the fiscal cliff issues, there seems to be plenty of spending and hiring going on. It looks like the United States is set for a big jobs boost. So will this help gold in any way?The answer to… Read more...

Gold Regains Ground off of Asia Demand

Tuesday, 08 January 2013
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Published in Gold Investing
Gold finally made up some lost ground today off of demand in Asia. The yellow metal jumped back over the $1,650 mark as extra demand coming out of Asia helped contribute to gold gaining price for the first time in three sessions. The fact that big banks are also revising their gold forecasts for 2013 and 2014 also played a… Read more...
With the knowledge that United States Federal Reserve policy makers may stop making monthly purchases of U.S. debt sometime in 2013, gold dropped for the third straight session and is still trying to get a footing from the initial announcement.This drop for gold marked the longest straight run of drops in price since way back in 2004: May 2004 to… Read more...

Gold Will Rally From Worst Streak in Eight Years

Friday, 04 January 2013
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Published in Gold Investing
Gold traders and investors fully expect gold to rally back from its worst streak in 8 years. This could happen as soon as next week, but even if it doesn’t happen next week it will happen shortly. A recent survey was taken by Bloomberg and the results are below.From BloombergTwenty analysts surveyed by Bloomberg expect prices to rise next week,… Read more...
Gold prices experienced a huge drop today as the Feds announced that they might end the current monetary policy that is in place. Citing that the current monetary policy is “too loose,” this announcement caused the yellow metal to drop almost $30 heading into the first full weekend of 2013.Gold for February delivery dropped by a massive $28.10, or 1.7%,… Read more...
Many investors and analysts see gold doing big things in 2013, others don’t feel the same way. With the global economy on edge and other outside factors weighing heavily on the gold market, the website “Bullion Vault” sat down with Haywood Analyst Stefan Ioannou to talk about gold vs other base metals and what we can expect. The following is… Read more...

Gold Slides Down One Day After Big Jump

Thursday, 03 January 2013
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Published in Gold Investing
Gold slid back down today, only one day removed from the big $13 jump that the yellow metal experienced yesterday. Profit takers emerged from two excellent trading sessions for the yellow metal and the overall outlook caused the metal to drop back down by a little over $10.Gold for February delivery was dropped by $10.80 to come in at $1,678… Read more...