By Hubert Walker for CoinWeek …. Naguib Sawiris, the 63-year-old Coptic-Egyptian billionaire, has used half of his $5.7 billion USD (approximately €4.74 billion) net worth to buy gold, according to an interview with Bloomberg TV on Monday, April 30. During the interview, Sawiris stated his belief that gold will reach a price of $1,800 per […]
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By Coinweek …. CoinWeek News Wire for September 29, 2017: Brain Food 1.) Body Armor Made of Old Chinese Coins The Tlingit believed that the coins would provide protection from bullets. There is some anecdotal evidence that such body armor was in fact effective in a battle with the Russians in the year 1792. According […]
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Partnership to build digital gold product on blockchain technology to be available in 2017 The Royal Mint, the world’s leading export mint, and CME Group, the world’s leading and most diverse derivatives marketplace, today announced a collaboration to transform the way that market participants can trade gold. The Royal Mint, a 1,000-year-old institution owned by […]
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Commentary for Friday, October 28, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $7.30 today at $1272.30 and got a political kick in the pants in the aftermarket which pushed prices up another $7.00 looking at $1280.00. So just when you thought it was safe to […]
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Commentary for Thursday, October 27, 2016 (www.golddealer.com) By Ken Edwards and Richard Schwary of California Numismatic Investments Inc …… Gold closed up $2.90 at $1,265.00. The overnight market in gold was generally supportive moving higher by a couple of dollars in both Hong Kong and London but the US market broke down that same few […]
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Bill Musgrave – American Gold Exchange With U.S. markets closed for Presidents Day, gold gained 0.3% to $1,231 in electronic trade as talks between EU finance ministers and Greece over its bailout program ended early without an agreement, sparking safe-haven inflows. Aid talks in Brussels broke off abruptly, with Greece calling established EU stipulations “absurd […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold swung between gains and losses today as traders digested news about the Fed’s stance on interest rates. After edging up 0.2% to close near $1,192, the metal briefly surged above $1,200 in electronic trade in response to dovish language in the new policy statement before […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold surged 3.6% to close just under $1,220, a five-week high, on safe-haven demand after China’s economy slowed further and Japan suffered a sovereign debt downgrade. In addition, India ended some restrictions on gold imports, opening the door to higher demand in the world’s second-biggest gold-buying nation. Last […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold dipped 0.2% in light trading to close just above $1,196 as rising global equities reduced demand for safe havens. The Dow and S&P 500 closed at new record highs and the Global Dow gained behind expectations of yet more stimulus in the Eurozone. The dollar rolled […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained 0.6% to close just under $1,198 after a surprise rate cut by the People’s Bank of China and new asset purchases by the European Central Bank stoked demand for hedges against currency devaluation. China reduced interest rates for the first time in more two years […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold dipped 0.2% in choppy trade to close just under $1,191 as traders digested mixed U.S. and global economic data. The metal initially rose above $1,195 in early trade after manufacturing surveys in three of world’s four largest economies signaled slowdowns in November. Markit reported that China’s […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold trimmed its losses to 0.2% in volatile trade, closing just under $1,194 after the minutes from the Fed’s recent meeting showed concern about inflation expectations. Gold initially dropped as low as $1,174 early in the session on reports that support is waning for the Swiss gold […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Austin — Gold dipped 0.2% to close at $1,183.50, holding on to most of Friday’s 2.1% surge, as a rebound in the dollar reduced demand for alternative stores of value. The dollar rose near a five-year high against a basket of major rivals after Mario Draghi said the ECB […]
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Precious Metals Market Report by Bill Musgrave – American Gold Exchange Gold gained for the second in three sessions, edging up 0.2% to close at $1,161.50, as higher jobless claims pressured the dollar and boosted demand for alternative stores of value. Initial claims for unemployment benefits rose by 12,000 last week, the most in two months, as layoffs […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.9%, closing just under $1,160 as the dollar rebounded from Friday’s losses and global equities traded higher, eroding demand for alternative assets. The dollar recovered losses on Friday, when U.S. non-farm payrolls reported fewer jobs created in October than forecast. The disappointing employment data led […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange Gold slid 0.2% to close at $1,142.60, posting its seventh straight down session as the dollar extended its rally after the ECB announced deeper monetary stimulus in the Eurozone. Following a meeting of the ECB’s governing council, Mario Draghi said the central bank will boost asset purchases […]
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Precious Metals Market Review by Bill Musgrave – American Gold Exchange November 5, 2014: Gold fell another 1.9%, closing near four-year lows under $1,146, as the dollar surged to a five-year high against major rivals, reducing demand for the metal as an alternative store of value. The dollar’s rise was fueled by Bank of Japan chief […]
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Precious Metals Market Review by Bill Musgrave - American Gold Exchange Gold traded nearly flat, edging down 0.1% to close near $1,168, as weaker economic reports in the U.S. and Eurozone put the dollar’s recent rally on hold. The U.S. trade deficit surged 7.6% in September as exports fell to a five-month low, signaling weaker global demand that may […]
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by Dana Samuelson – American Gold Exchange The most significant development in the gold market over the past two months has been the unprecedented rally in the dollar. The U.S. currency recently closed its strongest quarter in six years by gaining for a record-breaking eleven straight weeks. Since our last update, in early August, the […]
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