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Archive for: April 11th, 2012

Gold, Silver Shares Retreat after Beige Book, XAU Falls 1.7%

Precious Metals Post Monthly Gains

Shares of most gold and silver shares extended their losses following this afternoon’s release of the latest Beige Book by the Federal Reserve.  The Beige Book indicated that U.S. economic growth continued in recent months at a “modest to moderate pace,” which echoed recent commentary from the central bank. The Philadelphia Gold & Silver Index [...]

Apr 11 2012 | Read More »

Fed’s Beige Book Indicates “Modest to Moderate” Economic Growth

U.S. economic analysis

The release of the Federal Reserve’s Beige Book on Wednesday afternoon indicated that the U.S. economy “continued to expand at a modest to moderate pace from mid-February through late March.” Highlights from the Beige Book – a collection of economic reports from each regional branch of the U.S. central bank – included: – Manufacturing continued [...]

Apr 11 2012 | Read More »

Gold Price Consolidates after Four-Day Win Streak

is Further Easing Necessary?

GOLD PRICE NEWS – The gold price stabilized near $1,660 per ounce Wednesday morning as the yellow metal consolidated following four consecutive trading days of gains.  The price of gold remained in a tight range between $1,654 and $1,663 in overnight trading, while the U.S. dollar fell 0.3% against a collection of foreign currencies.  Silver [...]

Apr 11 2012 | Read More »
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