With the help of a forex platform, you can trade in gold after knowing the gold trading price. In recent years, there has been a sudden increase in gold investing, especially through the forex market. Gold can be traded against other currencies and most especially the US dollar. You can trade from the comfort of […]
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There are many options for those who wish to sell gold. The internet especially offers plenty of websites where you can find several companies, who are ready to buy gold coins, jewelry, scrap gold and so on. However, one has to be careful, as some of the companies may not be legitimate and might cheat […]
Some people like to buy and sell gold on a regular basis as a form of investment. This is different from some others who just want to sell a particular piece of jewelry or some old coins. In the latter case, you may be in need of urgent cash for an emergency and would like […]
Gold rises at end of week despite negative sentiment Gold closed the week at $ 1661.30, a fraction better than last week’s closing level of $1659.30. Though global economic news came in mixed this week, with the United States mixed, though more positive than elsewhere, sentiment seemed to turn against gold with the yellow metal […]
Gold Falls to Lows as Focus turns to Equities Gold closed the week at a multi week low of $1659.30, down more than 3% on the week.. Economic news throughout the week was generally good in the United States, meaning that investor focus has once more turned to equities. Indeed, America’s major equity indices rose […]
Gold Bounces from Technical Support and Consolidates Gold closes the week almost unchanged from last week’s close, at $1713.20. Gold was chased lower in the middle of the week as investment markets plunged with rumors that the Greek debt swap for private creditors had fallen apart. Such an event would have caused the country to […]
Gold struggles to remain above $1700 Gold closes the week down 3.4% at $1711.80. Having spent the beginning of the week marking time, gold was hit hard on Wednesday as the US Fed Chairman, Bernanke, dampened speculation for further monetary easing. Elsewhere, mixed economic news should have proved the catalyst for further gains in the […]
Gold Consolidates above $1700 as Greece signs up to austerity and US growth continues With US economic news seen as more positive for stocks as the month opened, gold struggled to maintain its early year momentum, though doveish comments from the US Fed Chairman, Bernanke, sandwiching the trading month has helped sentiment for the medium […]
Gold Rallies Further in Subdued Trade Gold closed the week up 2.85%, and just below three-month highs, at $1772 with mixed economic news and a Greek debt deal keeping volumes low but sentiment firm. On Tuesday, after a two-day meeting, European finance ministers agreed to pass the previously agreed €130 billion bailout fund to Greece […]
Equity Markets Mixed, Gold Rallies in Subdued Market Gold tracked sideways for most of the week, as better than expected economic figures from the United States was tempered by nervousness over the Greek debt and austerity package. Better than expected retail numbers from the US, which showed a pick up in sales during January, and […]