Gold Prices Rise to $1,397.51 an Ounce
Gold prices rose May 22 due to a falling US dollar and US Federal Reserve officials diminishing investors' fears that it would reduce its bond-buying program, Reuters reported.
Articles Tagged "spot gold"
Slumping Gold Gets Lift from Chinese Demand
Reuters reported that gold rallied slightly on Wednesday, given a boost by solid Chinese demand and by a dollar weakened over concerns from investors about U.S. Federal stimulus.
Gold Falls to $1,374.95 an Ounce
Gold continued its decline May 21 as the U.S. dollar strengthened and speculation that the U.S. Federal Reserve may reduce its stimulus program rises.
Gold Hits $1,338.95, then Rises to $1,363.40
Reuters reported that spot gold reached a low of $1,338.95 per ounce this morning, its lowest price since April 16, pushed down by speculation that the Fed will dial back its economic stimulus program. However, it later rose up to $1,363.40.
Gold Falls More Than $28 in New York
Gold prices fell today, putting the metal on track for its longest run of losses since March 2009.
Gold Skirts Two-Week Low, Investors Turn Focus Elsewhere
Reuters reported that gold hit a two-week low on Friday, as fewer investors were seeking safe haven in the investment.
Platinum Lifts Gold Futures to $1,623
CNBC reported that an increase in platinum prices of about 2 percent boosted gold futures to $1,623.
Gold Rises for Second Consecutive Month
Reuters reported that although gold prices stayed below $1,620 on hesitance regarding the upcoming Federal Open Market Committee and European Central Bank meetings, the metal rose for the second month in a row.
Gold Drops 1.5 Percent on PFGBest Account Freeze
Reuters reported that gold dropped by about 1.5 percent after investors began selling on the announcement that PFGBest is missing $220 million in customer funds.
Gold Prices Increase Following EU Summit
Reuters reported that the price of gold was up after European leaders struck a deal at their recent summit.
