Gold Surpasses $1,500/oz on Inflation Concerns
The price of gold surged to $1,500/oz on Wednesday.
Articles Tagged "inflation"
Gold Shines in Cloudy Skies
Gold continued its three day run up $40 per ounce since the start of April. Driven by inflationary fears, political instability and high oil prices, the next key resistance level may be $1500 per ounce. However, as nations raise interest rates, gold may be headed for a correction.
Gold Supported by Libya Tensions and Inflation
The price of gold remained generally flat Tuesday, up $1.70 to close at $1428.80 per ounce. However, the trend for increasing prices should be supported by rising inflation numbers surrounding sustained high oil prices.
U.S. Job Report and Chinese Inflation Causing Push-and-Pull on Gold Prices
Mixed results from the recent report on the state of the US job market resulted in fluctuating gold prices , however, the larger driving factor for gold futures may be global inflation pressures from the Chinese interest hike.
China’s Latest Move to Control Inflation Pushes Gold Prices Down
Kitco's Jon Nadler points to China as the catalyst for gold's recent price chopping.
Silver to Join Gold as a Currency?
Larry W. Reaugh argues that gold and silver could once again back global currencies.
Gold Fever: Pondering the Causes
New York Times reports that Gold is an investment that historically made sense when inflation was rampant.
Gold May Climb on Speculation Weaker Dollar
Bloomberg reports that Gold may climb in New York on speculation a deal to rescue Ireland’s banks will curb a spread of the debt crisis.
Gold tracks euro higher
Reuters reports that on Monday, Gold ticked higher as the euro gained after Ireland's rescue deal.
Gold’s Allure Tied to Interest Rates
USfunds.com reports any pullback in gold should be muted as compared to stocks, bonds, and other commodities.
