The price of gold posted a new all-time high, touching $1,446.75 per ounce. The surge in gold prices comes on the heels of news that Portugal may need up to $100 billion to bail out the fiscally-strapped nation. Silver prices also moved higher, posting new 31-year highs of $38.09 per ounce.
GOLD PRICE NEWS – The gold price traded marginally higher Thursday morning at $1,439 per ounce as Portugal’s government neared collapse. Precious metals – both gold and silver – have seen strong investment demand in recent weeks as geo-political concerns have risen. While the gold price remains below its recent record high, silver is hitting [...]
Gold rose $3.00 to $1,440.30 Thursday morning while silver posted fresh 31-year highs at $37.86 per ounce. Commodities continue to march higher with oil crossing the $106 per barrel level. After sliding to fresh 52-week lows at 75.25 early in the week, the U.S. Dollar Index (DXY) has managed to move marginally higher over the [...]