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01/27/12--13:10: Gold Posts Fourth Straight Weekly Gain, up 10.6% YTD (chan 1442840)

Gold futures continued to move higher on Friday, fueled by broad-based strength in precious metals and weakness in the U.S. dollar. COMEX gold for February delivery settled higher by $5.50, or 0.3%, at $1,732.20 per ounce.  With its advance, the yellow metal extended its weekly and year-to-date gains to 4.1% and 10.6%, respectively.  Furthermore, gold [...]


01/30/12--07:58: “The gold bull market is alive and well” (chan 1442840)

Gold’s strong performance in January has illustrated that the yellow metal has “come roaring back from its latest temporary correction, sending the bears into full withdrawal,” according to Robert Lenzer. The former National Editor and Senior Editor at Forbes Magazine, Lezner discussed the catalysts for gold’s rebound in a recent article on Forbes.com. “Gold, you [...]


01/31/12--13:09: Gold Futures Post 11.1% Monthly Gain, Best Since August (chan 1442840)

Gold futures finished in positive territory on Tuesday, but finished well off their highs as the U.S. dollar rebounded against a basket of foreign currencies. COMEX gold for April delivery climbed to an intra-day high of $1,750.60 per ounce this morning, but later tumbled to as low as $1,727 as the U.S. Dollar Index rose [...]


02/02/12--12:56: Precious Metals Reach Highest Levels Since Mid-November (chan 1442840)

Gold and silver futures continued their march higher on Thursday amid broad-based gains in the precious metals space. COMEX gold for April delivery settled with a gain of $9.80, or 0.6%, at $1,759.30 per ounce, while silver advanced $0.37, or 1.1%, to $34.16 per ounce.  In doing so, both gold and silver reached their best [...]


02/06/12--06:14: Gold Price Sinks as Prospects for QE3 Dim (chan 1442840)

GOLD PRICE NEWS – The gold price declined Monday, sinking $11.00 to $1,714.80 per ounce.  Gold prices fell as investors and traders priced a lower probability of a fresh round of quantitative easing (QE) into asset markets.  Today’s weakness follows last Friday’s $33.99, or 1.9%, drop – its worst showing in over a month.  The [...]


02/10/12--06:29: Gold Price Sinks Alongside Stocks, Commodities (chan 1442840)

GOLD PRICE NEWS – The gold price plunged Friday as global stock and commodity markets fell amid fresh worries over whether Greek politicians will pass the austerity measures necessary for the financially-strapped nation to receive its next installment of bailout funds.  Gold prices fell $17.30 to $1,711 per ounce while S&P 500 stock futures fell [...]


02/14/12--06:57: Gold Price Rebounds, U.S. Retail Sales Disappoint (chan 1442840)

GOLD PRICE NEWS – The gold price bounced back from overnight losses in morning trading on Tuesday, rising $3.61 to $1,727.51 per ounce.  The spot price of gold fell to as low as $1,711 at approximately 8:12am ET, but jumped back toward $1,730 after U.S. retail sales missed expectations.  With a 0.4% increase, January retail [...]


02/17/12--12:30: Gold Futures Unchanged This Week, Silver Falls 1.2% (chan 1442840)

Gold and silver futures finished modestly lower on Friday amid broad-based weakness in the metals complex. COMEX gold futures, per the April contract, settled with a loss of $2.50, or 0.1%, at $1,725.90 per ounce.  For the week, however, the yellow metal eked out a $0.60 gain, thereby snapping a two-week losing skid. Silver for [...]


02/21/12--13:16: Gold, Silver Shares Climb as Precious Metals Rally (chan 1442840)

Gold and silver shares were sharply higher in Tuesday afternoon trading amid a rally in precious metals and modest weakness in the U.S. dollar. COMEX gold futures, per the April contract, advanced $32.60, or 1.9%, to $1,758.50 per ounce while silver futures jumped $1.21, or 3.7%, to $34.43 per ounce. The U.S. Dollar Index slid [...]


02/23/12--06:29: Gold Price Steady, U.S. Jobless Claims Hit 4-Year Low (chan 1442840)

GOLD PRICE NEWS – The gold price held steady near $1,780 per ounce Thursday morning despite better than expected data on the state of the U.S. labor market.  The price of gold climbed to $1,787 prior to the release of weekly jobless claims, but relinquished its gains after they came in at a four-year low [...]