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Weaker dollar sends gold higher again
by Elaine Frei
Gold prices were up again Monday as the US dollar weakened yet again with concerns over Dubai’s debt crisis easing somewhat.
The price of gold added 13 percent in November, with only three losing sessions all month, and prices are up 33 percent since the beginning of the year.
December contracts for gold were $6.90 higher to [...]
Gold, silver up as most other metals decline
by Elaine Frei
Gold and silver both saw prices rise Tuesday in New York, but most other metals were lower after the US dollar strengthened, cutting demand for copper and other industrial metals.
March copper was down 2 cents to $3.14 per pound in New York, while three-month contracts for the metal used in manufacturing and construction fell $78.50 [...]
Gold tops $1,170 per troy ounce in new record
by Elaine Frei
The price of gold hit yet another new record high Monday morning as the US dollar weakened after the president of the St. Louis Federal Reserve Bank made comments over the weekend which indicated that low interest rates in the United States could last longer than anticipated.
Gold hit $1,174 per troy ounce in morning trade [...]
Gold, most base metals see price gains
by Elaine Frei
Metals prices were mixed Friday as gold and most base metals were higher, but other precious metals saw declines on the session.
Gold was up as investors bet that the US dollar will decline more than it already has, making gold seem like a better place to put their cash.
Decmeber gold added $4.90 to $1,146.80 per [...]
Gold up slightly; copper down on session
by Elaine Frei
December gold added $1 to $1,142.20 per troy ounce in New York trade Thursday after going lower earlier as the US dollar strengthened.
December silver was also higher at the close of floor trade in New York after declining during the morning session, adding 5 cents to $18.46 per troy ounce, while January platinum fell $8.10 [...]
Gold hits new high before decline to modest gain
by Elaine Frei
Most metals prices were higher Wednesday as the US dollar weakened once again, but platinum and zinc prices both fell on the session.
December gold was $1.80 higher to $1,141.20 per troy ounce in New York trade, but it fell back from a record high of $1,153.40 per troy ounce, reached earlier in the session, while [...]
Golden Rim Resources finds additional gold in Sweden
by Brian Turner
Golden Rim Resources (ASX: GMR, Golden Rim) today announced it had received additional significant assays for the drilling programme at Falun, Sweden.
The Falun Project forms part of the Bergslagen Joint Venture between Golden Rim’s 35% owned Abu Dhabi alliance company, Royal Falcon Mining LLC and Drake Resources Ltd (ASX: DRK).
Today’s results continue [...]
Metal prices mixed as US dollar strengthens
by Elaine Frei
Metals prices were mixed Tuesday as the US dollar strengthened, making it more expensive for buyers using other currencies to make purchases.
March copper ended essentially even in New York at $3.13 per pound while three-month copper was $29 lower to $6.826 per tonne on the London Metal Exchange, but the declines for London copper did [...]
Gold prices pass $1,140 per ounce
by Elaine Frei
The price of gold hit yet another new high Monday, going to $1,140.70 per troy ounce during the session in New York, but in inflation-adjusted dollars its prices is still far below the record set on 21 January 1980 at $825.50 per troy ounce, which in today’s dollars works out to $2,163.62 per troy ounce.
December [...]
Gold prices pushed up by bigger US trade deficit
by Elaine Frei
The price of gold was higher Friday after the US dollar weakened on new data showing that the US trade deficit grew in September.
The report said that the trade deficit added 18.2 percent from August to September, to $36.5 billion dollars.
December gold was up $10.20 to $1,116.80 per troy ounce in New York trade, while [...]
Gold, other metals prices see declines
by Elaine Frei
The price of gold fell on Thursday, pushed down by a stronger US dollar, but not before it rose to another new record high at $1,123.40 per troy ounce.
December gold settled $7.90 lower to $1,106.60 per troy ounce, while December silver was down 28 cents to $17.27 per troy ounce and January platinum dropped $6.40 [...]
Most metals up as gold hits another record
by Elaine Frei
Most metals prices were higher Wednesday as gold hit yet another new record high and copper gained even though stockpiles at London Metal Exchange-monitored warehouses grew again.
December gold added $12 to $1,114.50 per troy ounce in New York trade on hopes that the economy, at least in Asia, is growing, after December contracts hit a [...]
Gold gains after slight declines early
by Elaine Frei
Metals prices were mixed Tuesday as gold gained after falling below $1,100 per troy ounce for a time during the session.
December gold was up $1.10 to $1,102.50 per troy ounce in New York, at least partly on a Goldman Sachs prediction that gold prices could rise to between $1,150 and $1,200 per troy ounce.
But while [...]
Gold prices continue to climb
by Elaine Frei
Metals prices were mostly higher Monday as the US dollar once again weakened, making metals a less expensive, more attractive investment for those making purchases in other currencies.
Gold set another record high price at $1,111.70 per troy ounce in early trade before backing off to a gain of $5.70 on Decmeber contracts in New York, [...]
Gold sets another record high as other metals decline
by Elaine Frei
Most precious metals prices were lower Friday after new data showed that the US unemployment rate rose to 10.2 percent in October, its highest in over 26 years.
Gold prices, however, hit a new record high and went over the $1,100 level for the first time ever at $1,101.90 per troy ounce in morning trade before [...]
Copper prices lower on gains in inventories
by Elaine Frei
Copper prices fell in New York and London Thursday as inventories in warehouses monitored by the London Metal Exchange were up again, leading to continued worries that demand will not revive as hoped.
December copper was 4 cents lower to $2.96 per pound in New York, while three-month contracts on the LME dropped $40 to $6,530 [...]
Copper prices up; gold reaches another new record
by Elaine Frei
Copper prices were up Wednesday as the US dollar weakened and as investors waited for the US Federal Reserve to release its most recent decision on interest rates, although with sentiment expecting the Fed to hold rates steady again this month they were more interested in any hints for future moves that might come in [...]
Gold prices hit another record above $1,080 per oz
by Elaine Frei
Gold hit a new record high Tuesday in New York trade, with prices boosted by a sale of 200 tonnes of gold to the Reserve Bank of India by the International Monetary Fund and by the possibility that India could purchase even more gold.
December gold was up $30.90 to $1,084.90 per troy ounce in New [...]
Gold gains on weak dollar, news
by Elaine Frei
Gold prices were higher Monday as the US dollar weakened and even though investment demand was down.
Another factor in gold’s gains was the news that CIT Group (NYSE: CIT), which lends to small and medium-sized businesses, filed for Chapter 11 bankruptcy protection in New York over the weekend, an indication that the troubles in the [...]