Goldline Media

Precious Metals Update


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

Market Commentary

LONG TERM GOLD BULLS: MORGAN, GOLDMAN, STANDARD BANK

May. 16 - Concerns over the eurozone and political deadlock in Greece weighed on gold prices. The euro reached four-month lows against the dollar as Spanish and Italian bond yields leapt higher while European equities hit their lowest level this year. Nonetheless, gold showed resilience on the New York Spot Market today, trading $4.50 higher at $1,549.80 per ounce as of 7:06 a.m. Pacific » Read the rest.

ANALYSTS EXPECT GOLD BUYERS; GERMAN GDP DATA LIFTS EUR

May. 15 - Gold prices were up modestly on a stronger euro after German GDP data beat expectations. Gold was up $0.90 as of 6:28 a.m. Pacific Time on the New York Spot market, trading at $1,558.40 per ounce. Spot silver was $0.05 lower, trading at $28.23 per ounce. » Read the rest.

CEO EXPECTS INFLATION, IS SHORT MONEY, LONG GOLD

May. 14 - The precious metals and equity markets saw further losses today over continued uncertainty in Europe as Greece faces new elections and interest rates moved higher on benchmark government bonds in Spain and Italy. All three major stock indices lost approximately 1% of their value during trading today. Gold was $20.10 lower at 7:31 a.m. Pacific Time on the New York Spot market, t » Read the rest.

GOLDMAN: GOLD MAY RALLY AS CURRENCY OF LAST RESORT

May. 11 - Gold prices came under pressure as the dollar rose on continued worries over Europe. Gold traded $12.10 lower at 6:13 a.m. Pacific Time on the New York Spot market, at $1,582.30 per ounce. Spot silver was $0.41 lower, trading at $28.73 per ounce. » Read the rest.
* Prices are indications only. Call Goldline for most current spot prices. More information
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