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

Uncertainty Driving Gold Markets

Wednesday, 23 October 2013
Written by
Published in United States Economy
With the Federal Reserve in a state of transition, with new leadership coming to the helm and the clown show we call Congress taking the country to the brink of a catastrophic default, gold prices are on a tear this week. Gold is up $48 an ounce for the week so far, completely erasing losses for the month; and the uptrend… Read more...
While we’ve consistently maintained that any time is a good time to buy gold, some times are better than others. Because of some conspicuous weaknesses in our economy, now is an excellent time to buy gold. Here’s why. Read more...

Was the Government Shutdown Good for Gold?

Thursday, 17 October 2013
Written by
Published in United States Economy
Gold is a highly valued investment haven in times of economic or political crisis.  Ever since the introduction of fiat currencies, which have value only because a government backs them, gold has been a safe place to invest when paper money destabilizes.  When American politicians abuse our economic system to jostle for power, gold can seem like an especially attractive… Read more...
It doesn’t look like things are getting any easier for gold or silver. Both precious metals dropped hard today on data that showed the U.S. economy didn’t quite grow as much as expected. That, as well as a stronger dollar, combined to drop both gold and silver. Read more...
Gold dropped to its lowest point since September of 2010 after news that the Feds will indeed bring the current stimulus program to an end. This essentially ends the era of “easy money,” and now the economy will have to do its best to continue to rebound in a natural way. Read more...
Gold was up above a three-week low straight ahead of the Fed meeting that will more than likely give us more information on whether or not the Feds decide to keep the monetary policy in place or cut the current stimulus bond-buying program and allow for “natural recovery.” Read more...
Gold hit a one-week low in trading today as news that Feds are still heavily debating a stimulus pullback hit the wire. The U.S Central Bank is currently in meetings debating whether or not the $85 billion per month bond-buying stimulus program needs to continue on or not. Read more...
Gold started off this week by dropping as another monetary policy meeting is scheduled for later this week. This policy meeting will be closely monitored, as any type of clues regarding the continuation of the current bond-buying stimulus will be looked for. Read more...

Stable Market Helps Steady Gold Price

Wednesday, 12 June 2013
Written by
Published in United States Economy
After two days of losses in the stock market today was much more steady. As the market stabilized so did the price of gold. Seemingly working hand-in-hand with the market right now, the price of gold was much steadier today in early trading. However, gold still remained under pressure from expectations that central banks' commitment to ultra-loose monetary policy may… Read more...
Gold was able to held steady today at just under $1,400 per ounce. However, the yellow metal was unable to capitalize on the news of the weakening dollar. Gold will usually spike in price when the dollar falls, but this time the yellow metal was only able to hold firm furthering the thought that they yellow metal is just in… Read more...
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