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

South Africa Announces Gold Rescue Plan

Tuesday, 28 May 2013
Written by
Published in World Economy
It is no secret that South Africa has had some recent troubles in the gold department. That being said, it look like they are now trying to remedy the situation, as it was announced that the country plans to put in place a gold rescue plan that will allow the South Africa area to become more of a player in… Read more...

Central Banks Look to Build Gold Reserves

Thursday, 14 March 2013
Written by
Published in World Economy
Central Banks have a choice to make. They either need to buy and sell gold, or start looking into building gold reserves. This will help their situations in the long run and add to their non-Dollar and non-Euro assets. This according to a new study from gold-market development organization the World Gold Council. Read more...

“Gold Rush” in Russia Sparked by Meteor

Tuesday, 19 February 2013
Written by
Published in World Economy
There is a current “gold rush” in Russia sparked by the meteor that hit the country last week. However, this isn’t really about “gold” as it is finding a piece of the rock that many think will be worth a ton of money. People in the area and beyond are scrambling to find any kind of fragments of the meteor… Read more...

China is Back in Play and Gold is Already Up

Monday, 18 February 2013
Written by
Published in World Economy
After taking a break from gold buying and the gold market over the holiday period China is back in the gold mix and already prices have started to show signs of recovery. China had not been buying gold over the last month or so, and while they are not solely responsible for gold price, they do make a huge difference… Read more...
While the euro has been the source of anger and trouble for most over the last year and a half, we have recently seen a trend in which the euro is getting all the love, while the dollar and the yen have not been able to rise as quickly as the euro has. This has led to investors expecting central… Read more...

The Gold Capitol of the World

Thursday, 17 January 2013
Written by
Published in World Economy
If there’s a contemporary city capitol for gold, it’s Kerala, India. Some might think that New York should wear such a crown, with Wall Street, the Federal Reserve and other massive stores of wealth on the island. However, though such wealth is clearly evident in the Big Apple, the prevalence of gold among the populace doesn’t hold a candle to… Read more...
Gold prices held for most of the early trading period before falling just a little as news that the World Bank weaker-than-expected global growth forecast for 2013 was announced. This didn’t affect traders too much, but it did cause the yellow metal to drop around $5. After what was thought to be four straight days of price bumps, gold ended… Read more...

Tokyo Gold Hits New High in Light of New Stimulus

Friday, 11 January 2013
Written by
Published in World Economy
The price of gold in America may be struggling a bit right now (that will change), but apparently gold is hitting new highs in Tokyo. Tokyo gold futures rallied to a record high on Friday on a weakening yen, as Japan's new government stepped up its calls for the central bank to further ease its monetary policy to bolster the… Read more...
Indian gold prices declined going into the weekend, but these declines were still not enough to make importers happy enough to book the metal ahead of weddings and festivals. Silver also fell from the highest level in a week. It seems that even with the recent price declines for the yellow metal, India gold importers are still wanting lower prices… Read more...

Imports Surging in India, Gold Duty to Rise

Thursday, 10 January 2013
Written by
Published in World Economy
It looks like there will be a rise on import tax in India, as the sudden rise in gold imports may cause the nation to raise its duty tax. This isn’t all bad though, as we need India to get back in the gold game like it has been in years past.Indian government's efforts to control gold imports and the… Read more...
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