Gold gains more ground, climbs $40/oz
Originally from MarketWatch
The price of gold traded firmer in London on Friday, as strong data out of the U.S. prompted interest in riskier assets at the expense of the dollar Originally from Mineweb – Daily news headlines
“Since its inception in 1913, The Federal Reserve Board has been responsible for almost 95% devaluation of the U.S. Dollar. All this has been achieved through its ability to continually inflate the money supply. And, between 1985 and 2005, the Federal Reserve Board has increased the money supply by five times. This extraordinary money creation [...]
Gold futures edge lower, with investors favoring the U.S. dollar over gold after European Central Bank’s loan offer to euro-area banks, but prices hold above $1,600 an ounce. Originally from MarketWatch
Gold futures extend gains as part of a broader rise across commodity markets, supported by a weaker dollar. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures climbed by more than $20 an ounce Tuesday and oil prices headed higher for a second-straight session, with both commodities finding support from a weaker U.S. dollar. Gold for February delivery was up $20.10, or 1.3%, at $1,616.80 an ounce on the Comex division of the New York Mercantile [...]
Gold climbed 0.8% on Tuesday as the Euro strengthened against the US dollar, but gains were capped by concerns that policymakers’ efforts to address the euro zone debt crisis are falling short. Originally from Mineweb – Daily news headlines
Originally from MarketWatch
Alisa Parenti has the latest market and money news, including settlements for oil and gold futures. Originally from MarketWatch