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Archive for: April, 2010

Gold Price Dips Below $1,170 After Fed

GOLD PRICE NEWS - The gold price fell $3 to $1,168 after a volatile day for the price of gold. Early Wednesday morning, the gold price slid near $1,160 per ounce before recovering and rallying to a high print of $1,174.50 after news that S&P downgraded Spain’s debt was released. Despite finishing down on the [...]

Apr 28 2010 | Read More »

Gold Price Holds Near $1,170 After Fed

GOLD PRICE NEWS - The gold price traded slightly below $1,170 following the Federal Reserve’s decision to leave the federal funds rate unchanged at 0.25% and maintain the “extended period” language. The euro currency recovered the majority of today’s gains against the U.S. dollar following the announcement, as it traded lower by 0.2% at 1.3185. [...]

Apr 28 2010 | Read More »

Gold Price Recovers On Spain Downgrade

GOLD PRICE NEWS - The gold price opened weaker Wednesday morning but turned higher in mid-day trading after Spain became the latest European country to be downgraded by Standard & Poor’s. The gold price has now recovered its morning losses and rallied for the second consecutive day, as the price of gold surged above $1,170 [...]

Apr 28 2010 | Read More »

Gold Price Recovers On Spain Downgrade

GOLD PRICE NEWS - The gold price opened weaker Wednesday morning but turned higher in mid-day trading after Spain became the latest European country to be downgraded by Standard & Poor’s. The gold price has now recovered its morning losses and rallied for the second consecutive day, as the price of gold surged above $1,170 [...]

Apr 28 2010 | Read More »

Gold Price Rises, Barrick Profits Soar

GOLD PRICE NEWS - The gold price, after breaking above $1,170 per ounce yesterday, fell $8 to $1,163 Wednesday morning, giving up a portion of the previous day’s strong gains. Barrick Gold (ABX), the world’s largest gold mining company, released its first quarter 2010 earnings report. The Canadian-based gold producer reported net income of $758 [...]

Apr 28 2010 | Read More »

Gold Rush Ahead of Bernanke, Fed

GOLD PRICE NEWS - The gold price reversed earlier losses and surged above the $1,170 level in the afternoon session, hitting a new 2010 high print, as investors fled the euro and British pound to the safety of gold, Treasuries, and the U.S. dollar after Standard and Poor’s downgraded the debt of Greece and Portugal. [...]

Apr 27 2010 | Read More »

Gold Price Surges, Greece Cut to Junk

GOLD PRICE NEWS - After falling below $1,150 this morning, the gold price recovered its losses and surged above the $1,160 level in spite of continued strength in the U.S. dollar. At $1,161 per ounce, the price of gold is now higher by $5 on the week, $48 for the month of April, and $66 [...]

Apr 27 2010 | Read More »

Gold Price Hits Record High in Euros

GOLD PRICE NEWS - The gold price opened lower Tuesday but turned positive in morning trading. As sovereign debt concerns continue to plague Europe, the gold price reached a new all-time high of 867 euros. While Greece has been the country in focus as of late, several other European nations are facing budding fiscal issues. [...]

Apr 27 2010 | Read More »

Gold Price Dips, Newmont Q1 Profits Rise

GOLD PRICE NEWS - The gold price slid back near $1,150 as oil and stocks came under selling pressure alongside the price of gold Tuesday morning. Newmont Mining (NEM), the largest U.S.-based gold producer released its first quarter earnings, which came slightly ahead of market expectations. Newmont reported operating cash flow of $728 million and [...]

Apr 27 2010 | Read More »

Gold Price Slides, Newmont Q1 Earnings Rise

GOLD PRICE NEWS - The gold price slid back near $1,150 as oil and stocks came under selling pressure alongside the price of gold Tuesday morning. Newmont Mining (NEM), the largest U.S.-based gold producer released its first quarter earnings, which came slightly ahead of market expectations. Newmont reported operating cash flow of $728 million and [...]

Apr 27 2010 | Read More »
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