Goldline Media

The American Advisor

Goldline and American Advisor Host Joe Battaglia cover the precious metals markets, daily financial news, and the world economy.

Market Commentary

EUROPEAN DEBT AND U.S. ECONOMY MAY PROMPT FED MOVE

May. 30 - Gold recovered from an early morning slide but precious metals prices remained volatile as worries over Spain's debt persist. Gold was up $8.20 as of 9:41 a.m. Pacific Time on the New York Spot Market, trading at $1,564.00 per ounce, while spot silver was $0.04 higher, trading at $28.02 per ounce. » Read the rest.

ANALYSTS SEE DEMAND FOR GOLD AS A SAFE HAVEN ASSET

May. 29 - Gold moved higher today despite a lower euro which fell to near two-year lows on continued concerns over the Spanish economy and the upcoming Greek election. The yellow metal also saw support from pessimistic U.S. consumer confidence data. Gold was $5.30 higher at 7:46 a.m. Pacific Time on the New York Spot Market, trading at $1,580.00 per ounce. Spot silver was $0.18 higher, t » Read the rest.

GOLD HIGHER AS S&P DOWNGRADES SPANISH BANKS

May. 25 - Gold rose on improved U.S. consumer sentiment despite a falling euro which touched a 22-month low after Spain's wealthiest autonomous region requested assistance to refinance its debt. Gold was $11.50 higher at 10:38 a.m. Pacific Time on the New York Spot Market, trading at $1,570.30 per ounce. Spot silver was $0.13 higher, trading at $28.55 per ounce. » Read the rest.

B OF A STRATEGIST SAYS GOLD MAY REACH $5,000

May. 24 - Gold rose on Thursday as the dollar fell versus the euro on disappointing U.S. manufacturing and unemployment news. Gold was $10.00 higher as of 8:02 a.m. Pacific Time on the New York Spot Market, trading at $1,573.30 per ounce. Spot silver was $0.57, trading at $28.51 per ounce. » Read the rest.
* Prices are indications only. Call Goldline for most current spot prices. More information
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