Goldline Media

Precious Metals Update


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

Market Commentary

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.

SPROTT SAYS GOLD MAY HIT $2,000 BY YEAR END

May. 10 - Gold prices moved higher along with the euro after Europe's bailout fund approved a key payment to Greece and Spain took steps to bolster its banks. Greece secured funds needed for bond repayments, calming the fear of a Greek insolvency and an exit from the eurozone. Bargain hunting by Asian buyers also helped to support the precious metal. Gold was $9.40 higher, trading at $1, » Read the rest.

ANALYSTS SAY GOLD MAY BE OVERSOLD ON EUROPEAN WOES

May. 9 - Gold prices dropped to a four-month low on continued worries over European solvency. The euro dropped sharply, pushing gold $19.60 lower to $1,586.20 per ounce as of 6:05 a.m. Pacific Time on the New York Spot market. Spot silver was $0.61 lower at the same time, trading at $28.96 per ounce. » Read the rest.
* Prices are indications only. Call Goldline for most current spot prices. More information
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