The dollar price to buy gold had a wild ride Thursday morning in London - soaring to just under $1,620 per ounce before easing back - while stocks fell and commodities were mixed as Washington prepared for a postponed debt ceiling vote.
How are interest rates currently affecting commodity prices? How do the financial troubles of European countries such as Greece and Portugal affect gold prices? And what is the outlook for oil prices for the next two to five years?
Legislation that would shift uranium mining on US federal lands to management through a competitive leasing program rather than the currently used claim and patent system has been introduced in the US House of Representatives.
The Middle East turmoil has created a selloff in equities and a run to the safe haven assets of precious metals and oil. Even though rare earth prices are soaring, many investors have overlooked a key sector which has pulled back.
Gold thrives on political and economic uncertainty . . . and we've got plenty of that following the Republican victories this week and the Fed's Wednesday afternoon announcement that it is embarking on another large dose of monetary stimulus.