Gold for immediate delivery declined as the dollar strengthened, paring investors’ demand for the metal as an alternative to currencies. Silver reversed a fall to climb to the highest price since March 1980.
Spot gold dropped for the first day in four, losing as much as 0.4 percent to $1,403.65 an ounce before trading at $1,407.35 [...]
Posts Tagged ‘gold price’
Gold Drops From Record as Dollar’s Climb Cuts Investors’ Demand for Haven
November 8th, 2010 by Financial Writer
Tags: economic, economists, exchange rates, gold price, inflation, loans, money, precious metal, us economy, us stocks
more...Gold hits 3-week high as U.S. data knocks dollar
August 7th, 2010 by Financial Writer
Gold prices rose more than 1 percent to their highest in three weeks on Friday after data showing U.S. payrolls fell for a second straight month, and by more than expected, knocked the dollar.
Spot gold rose as high as $1,208.65 an ounce, its strongest since July 16, and was at $1,207.10 an ounce at 1308 [...]
Tags: China, economic reports, Federal Reserve, global financial markets, gold price, precious metal, us stocks
Gold prices ease off fresh highs
June 21st, 2010 by Financial Writer
The price of gold surged to a fresh intraday record Monday before pulling back as investors digested China’s decision to allow the yuan to appreciate against the dollar.
What prices are doing: Gold for August delivery rose 40 cents to $1,258.70 an ounce. Earlier, prices climbed to $1,266.50, beating the record intraday high of $1,263.40 set [...]
Tags: bank of china, Chinese economy, financial crisis, Global Economy, gold price, investor, investors, precious metal
Barrick Profit Tops Estimate on Higher Gold Price
April 28th, 2010 by Financial Writer
Barrick Gold Corp., the world’s largest bullion producer, reported first-quarter profit that beat analysts’ estimates as prices and sales of the precious metal climbed.
Net income more than doubled to $758 million, or 76 cents a share, from $371 million, or 42 cents, a year earlier, Toronto- based Barrick said today in a statement. Profit excluding [...]
Tags: business, economy, financial, financial markets, financial system, Global Economy, gold price, investors
Gold has quadrupled in value
September 8th, 2009 by Financial Writer
The price of gold has touched $1,000 an ounce for the first time in six months.
The move could be seen as a sign that investors believe the worst of the global recession is over and are worried about inflation.
Others who are less convinced about the strength of the recovery are moving into gold, which is [...]
Tags: economy, gold price, uk news