Asset and Wealth Protection
Gold Reaches New Record As Economic Fears Push Metals Higher
The price of gold reached new record levels as the precious metal rose as high as $1,920.49 per troy ounce following poor economic news that came out of the U.S. and the EU.
Gold Prices Reverse Slide, Rise On Federal Reserve Comments
The price of gold rose in New York due to the increased speculation that the Federal Reserve may slowly ease monetary policy in an attempt to stimulate the economy.
Gold Prices Plummet Due To Possible Stabilization Of Markets
The price of gold dropped significantly as the precious metal extended its biggest slump in 18 months following decreased demand from investors due to increased margins and news of a slight economic recovery.
Venezuela Nationalizes Gold Mining; Meanwhile, Gold Prices Drop
According to reports from The Associated Press, Venezuelan President Hugo Chavez formalized the nationalization of the South American country’s gold mining industry early this week in response to rising concerns about the value of the U.S. dollar.
Silver Prices To Reach Record Levels, Experts Says
While many investors have focused on the record levels that gold has reached in the past several weeks, the price of silver has gone up at a significant rate and has kept pace with the yellow metal.
Why The Run-Up In Gold Is Not A "Bubble"
As the price of gold continues to rise (gold topped $1,900 per ounce on Tuesday), there has been a lot more noise on the Internet and occasionally in other media warning about the run-up in gold prices being a financial “bubble.” This couldn’t be more wrongheaded.
Why The Run-Up In Gold Is Not A “Bubble”
As the price of gold continues to rise (gold topped $1,900 per ounce on Tuesday), there has been a lot more noise on the Internet and occasionally in other media warning about the run-up in gold prices being a financial “bubble.” This couldn’t be more wrongheaded.
Swiss Struggle With Strong Franc
The Swiss government took steps Wednesday to weaken the Swiss franc, which has enjoyed record-high strength recently. According to CNBC, the government announced that it wants to inject 2 billion Swiss francs into the economy, in order to combat overvaluation of the currency.
Wells Fargo Predicts Decline Of Gold
While the price of gold has reached record levels over the past several weeks, market analysts from Wells Fargo have predicted a significant reversal of this trend due to the speculative demand that has led to an overvaluation of the commodity.
Gold Rush
Gold’s explosive move to new nominal heights reflects more than an expansion of the European sovereign debt crisis and Standard & Poor’s downgrade of U.S. debt. It also reflects the expectation of massive liquidity injections — in the U.S., in Europe and around the world — to pay off the massive debts that have been accumulated.
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