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By Adrian Ash |
August 2, 2011
Forty years ago, US dollar holders knew what their currency was worth. They could swap it for gold at $35 an ounce. Then along came President Richard Nixon.
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By Jon Nadler |
June 13, 2011
A further decline in crude oil prices conspired to drag most of the commodities' complex to lover value ground as the new trading week began. Precious metals lost chart altitude levels as well, despite a minor loss recorded in the US dollar index.
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By Roman Baudzus |
March 3, 2011
Tanzania's Chamber for Minerals and Energy (TCME) has warned the World Gold Council (WGC) that regulations in the US financial reform bill will have disastrous effects on Tanzania's domestic gold mining industry.
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By Jon Nadler |
December 8, 2010
While the news from Washington initially motivated gold, other precious metals and commodities to much higher price ground, the temptation to take profits became more compelling and the gainers backed off their lofty peaks - and then some.
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By Jon Nadler |
November 11, 2010
Following a volatile midweek session, precious metals regained upward momentum during the overnight hours, mainly on Irish debt-related apprehensions and despite a strengthening US dollar. Gold prices opened up $6.20 per ounce at $1,409.60.
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By Jon Nadler |
October 20, 2010
Precious metals prices attempted to recover during the nighttime hours following the sizeable selloff the markets endured yesterday.
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By Jon Nadler |
September 16, 2010
Thursday's early action in gold yielded yet another price record; this one, but a dime short of the $1,280.00 spot offer level. The market opened with a $6.80 per ounce gain at $1,275.00.
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By Jon Nadler |
August 30, 2010
Marginal declines were noted in gold prices as the new trading week got underway overseas last night.
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By Jon Nadler |
August 20, 2010
Gold trading opened with a small $1.50 loss on this, the last trading day of the week. Spot prices started off the session at the $1,230.90 level, following an overnight dip to near $1,227.00 the ounce.
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By Jon Nadler |
August 12, 2010
For the first time in six years, Japanese authorities drew one step closer to halting the seemingly endless gains in the yen via Finance Minister Noda's cryptic message that his government will take 'appropriate' action with regard to the currency.
