Goldline Media

Precious Metals Update


Daily news and insights on finance, the economy and precious metals.

January 31, 2012

Recent Industry News

JANUARY ENDS WITH GOLD UP OVER 11%

Jan. 31 - The price of gold moved higher on the last trading day of the month as the euro gained on the dollar. Gold traded at $1745.20 per ounce at 6:54 a.m. Pacific Time on the New York Spot Market with silver at $34.01 per ounce. » Read the rest.

INCREASED COIN SALES COULD SUPPORT GOLD

Jan. 30 - The price of gold was essentially flat trading at $1729.00 per ounce at 7:20 a.m. Pacific Time on the New York Spot Market with silver lower at $33.50 per ounce. » Read the rest.

GDP DATA AND EXTENDED LOW INTEREST RATES SUPPORT GOLD

Jan. 27 - Gold moved higher on Friday following the release of U.S. GDP data showing the economy grew at a slower rate than expected in the last quarter of 2011 growth was slower than expected. Gold traded at $1729.90 per ounce at 7:56 a.m. Pacific Time on the New York Spot Market. Silver was also higher at $33.91 per ounce. » Read the rest.

GOLD RISES AS FED PLEDGES RATE HOLD THROUGH 2014

Jan. 26 - The price of gold rose to a six-week high on Thursday after the Federal Reserve announced plans to hold interest rates at "exceptionally low" levels through the end of 2014. Gold traded at $1727.70 per ounce at 6:34 a.m. Pacific Time on the New York Spot Market with silver higher at $33.80 per ounce. Gold extended yesterday's gain which had its largest one-day rise in three mon » Read the rest.
* Prices are indications only. Call Goldline for most current spot prices. More information
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