Gold contracts closed higher yesterday evening (November 5). This was supported by the decline in U.S. bond yields, after the announcement of the number of non-farm payrolls in the United States. Gold futures were up $23.3, or 1.3%, at $1,816.8 per ounce. Silver futures were up 24.6 cents, or 1.03%, to close at $24.157 an …
The price of gold continues to rise today. Among investors are still evaluating the data from the recent policy decisions of the Bank of England (BOE) and the Federal Reserve. Gold futures were up 0.40% at 9:00 p.m. ET by 0.40% to $1,800.65. The BOE decided to leave the interest rate unchanged at 0.10%. The …
Gold futures rose yesterday evening (November 4). This was supported by the decline in U.S. bond yields and the fact that the U.S. Federal Reserve (Fed) has rejected the premature rate hike. Gold futures were up $29.6, or 1.68%, at $1,793.5 per ounce. Silver futures were up 68 cents, or 2.93%, at $23.911 an ounce. …
Gold contracts fell last night (November 3). Traders sell gold as a safe haven after the U.S. released strong economic data. Gold contracts were down $25.5, or 1.43%, at $1,763.9 per ounce. Silver was down 27.6 cents, or 1.17%, at $23.231 an ounce. The platinum contracts were down $16.8, or 1.62%, at $1,022.5 per ounce. …
Gold contracts fell again yesterday evening (November 2). This is because the appreciation of the dollar is putting pressure on the gold price. Investors keep an eye on the monetary policy meetings of the Federal Reserve (Fed) and the Bank of England (BoE) this week. Gold contracts were down $6.4, or 0.36%, at $1,789.4 per …
Gold prices have fluctuated within a range of $1,788.70-1,794.39 per ounce and have not moved up much. Due to pressure from China and Russia, the United Nations Security Council (UNSC) is pushing for an easing of sanctions against North Korea. The motion for the UN Security Council, which includes 15 member states, can lift these …
Gold futures rose last night (November 1) as a result of the devaluation of the dollar, and the dwindling purchasing power. Gold futures were up $11.9, or 0.67%, at $1,795.8 per ounce. Silver futures were up 12.4 cents, or 0.52 percent, at $24.073 an ounce. The platinum contracts were up $46.6, or 4.57%, at $1,067.3 …
The inflation rate in Venezuela was as high as 1946% in September! Down from 2343.9% in August, Venezuela is experiencing bitter hyperinflation. It is hardly surprising that the Venezuelan people are abandoning the local currency, the bolivar, and turning to more stable currencies like the U.S. dollar. In some border regions, such as Colombia, the …
Gold prices are up this morning amid a rising dollar and data shows that inflation continues to rise. Gold futures were up 0.12% at $1,786.00 per ounce. It remains below the $1,800 level after falling to a one-week low. Silver was down 0.11% at $23.922 an ounce. Platinum was up 0.7% at $1,036 per ounce. …
Gold is Up, but Gains are Limited by a Stronger Dollar. Read More »
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford What does Henry Ford mean by that? Of course, he is referring to the central banking system that is slowly destroying …