The announcement that the Federal Reserve would consider further stimulus measures for the economy caused gold prices to swing rapidly based on the debate of whether stocks are a good investment right now or whether gold is still the best place to put money and protect it. December gold price went down $5.71 an settled [...]
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Gold Prices Swing Rapidly Based on the Fed Stimulus Outlook
Filed Under: Gold News, Gold Prices Tagged With: Federal Reserve, Federal Reserve Stimulus Update, Investing in Gold, Stimulus
Gold Buyers Looking For Deals
The dollar finally had a little bump yesterday against the Euro which sent precious metals retreating after making large moves last week. Oil has been trying to help gold buyers regain some confidence in the metal but to no avail. Gold, for the second straight day, fell $20 plus per ounce in trading. Gold stands [...]
Filed Under: Gold Investing, Gold Prices Tagged With: Buying Gold, Federal Reserve, oil, price of gold
Feds News Wasn’t Bad for Gold Buyers
Buying Gold may not be as bad as we reported that it was in this article on fed cuts affecting gold prices. Gold jumped nearly $25 on Friday. Gold is now back over $900 an ounce, and as analysts continue to predict oil heading higher, gold may still be a great buy for those looking [...]
Filed Under: Gold News, Interest Rates Tagged With: Buying Gold, Federal Reserve, gold, investing, precious metals, silver
Fed Says No More Rate Cuts, Gold May Suffer
The price of gold retreated today on the Feds announcement that they were most likely done cutting rates. This announcement came while oil continues to rise and the market remains shaky. Gold, which is one of those safe havens for dollars, especially when the dollar is weak as it is now, may suffer at the [...]
Filed Under: Gold Prices, Interest Rates, Stock Market Tagged With: Buying Gold, commodities, Federal Reserve, Gold Investing, Interest Rates, oil