May 2010

U.S. gold dropped from its all-time high on Thursday as investors were taking a portion of the profits built from the prior two record-setting days. "Comex gold futures finished lower and nearer the session low Thursday as profit-taking pressure surfaced after prices Wednesday scored a new all-time high of $1,249.20," wrote Jim Wyckoff of Kitco […]

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Gold Continues with Records, Silver Tops $16 – May 12, 2010

by Bullion Prices Staff on May 12, 2010

U.S. gold prices continued their rush upward on Wednesday, reaching a new record for the second consecutive day. Anaylsts opined that the climb was again thanks to worries over Eurpean Union country debt problems, with investors buying gold due to its haven appeal. "Gold futures prices pushed to a new all-time record high of $1,247.70 […]

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U.S. gold prices on Tuesday recorded and all-time high as futures touched $1,235.20 an ounce, topping the $1,227.50 intraday mark set back on December 3, 2009. The yellow metal did retreat to pare gains, but still rose 1.6% for the day to close at its highest price ever in New York. Safe-haven buying due to […]

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Greece’s debt crisis and concerns over other European nation fiscal issues proved to be a boon for haven-driven gold prices, but a drag on industrial metals as fears of weakened demand spiked. Gold rose for a third week, falling just $12.50 shy of the all-time $1,227.40 record set in December. "People are nervous about what’s […]

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U.S. gold prices jumped on Thursday, nearing an all-time high and closing toward $1,200 an ounce. The yellow metal’s rise for a second straight day was again spurred by safe-haven buying with concerns over the euro zone debt crisis forefront. Gold "hit a fresh five-month high and came within an eyelash of hitting they key […]

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U.S. gold prices closed slightly higher on Wednesday after declining the most in two weeks. The yellow metal gained even as the U.S. dollar rallied and oil fell — situations that tend to be bearish for gold. Safe-haven buying was a factor as concerns widened over the euro zone debt crisis. "Comex gold futures closed […]

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Gold Prices Again Drop from 2010 Highs – May 4, 2010

by Bullion Prices Staff on May 4, 2010

U.S. gold futures fell on Tuesday, dropping from early day price highs which had not been seen since Dec. 4. A stronger dollar, falling oil prices and profit taking were three often cited reasons for the declines. "A surging U.S. dollar index and sharply lower crude oil prices put some downside price pressure on the […]

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U.S. gold prices rallied Friday and closed April at a multi-month high of $1,180.70 an ounce, marking a weekly increase of $27.00, or 2.3%. Prices lifted during the final days of the month due to continuing concerns over widening sovereign debt issues in Europe, opined analysts. "Importantly, the deepening European Union debt crisis this week […]

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