Gold Price Declines on European Central Bank Decision
As apprehension about Spain's ability to finance its debt mounts, gold prices declined this week following a drop in the euro and a rate decision from the European Central Bank.
Articles Tagged "Gold Market News"
Gold Prices Higher on Federal Reserve Chairman’s Remarks
Gold prices started off the week trading higher based on Monday’s news that Federal Reserve Chairman Ben Bernanke believes the United States' economy has to grow more quickly to reduce the unemployment rate. Overall, spot market gold prices have appreciated slightly by about 0.7 percent this week.
Gold Prices React to Manufacturing in China and Europe
Gold prices contracted slightly this week , to the lowest price since January, primarily due to reports of weaker manufacturing data from China and Germany. The HSBC Flash Purchasing Managers' Index indicated that China’s manufacturing has contracted for a fifth consecutive month.
Gold Prices Lower on United States’ Economic Optimism
Strengthening investor optimism regarding the US economy and a sharp rise in treasury yields have caused a decline in gold prices and greater demand for US dollar-denominated assets.
Gold Prices Higher on Positive US Economic Data
Gold spot price has climbed nearly 12 percent so far in 2012, supported by positive economic data and monetary policy guidance in the US.
Ten Junior Gold Companies for 2012
Junior mining and exploration companies can offer investors increased exposure to gold price appreciation. Share prices for junior miners can be leveraged to gold price increases, an initial discovery, or the significant achievement of commercial production.
Investment Opportunity: Gold Juniors Could Benefit from Canada’s Withdrawal from Kyoto Protocol
Canada withdrawing from the Kyoto Protocol on the basis of supporting economic importance over environmental interest may be a strong investment opportunity for investors interested in junior gold exploration and development companies.
Investment Interest Boosts European Goldfields
Bloomberg reported that shares of European Goldfields (TSX:EGU) were up on news it may be an acquisition target.
Gold Price Climbs to Two-Week High
Gold was on track to post its biggest weekly advance in four weeks, Friday, over speculation that central banks may boost their purchases of gold.
Can Gold Help to Resolve the Eurozone Debt Crisis?
Debate over the potential of extensive gold reserves held by central banks to resolve the euro zone's economic problems have been pervasive in recent months just as fear of exposure to the sovereign debt crisis has grown. In fact, reports of the German central bank liquidating some of its gold reserves for the first time in almost a year have surfaced, selling 150,000 troy ounces in October.
