September 2010

Gold prices rose modestly Wednesday as the greenback dropped to another low. The yellow metal has placed together a string of record highs in the last two weeks — ten in the last twelve days, with Wednesday adding to the list. In New York bullion closing prices, December gold futures ended at $1,310.30 an ounce, edging [...]

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U.S. gold prices closed to another fresh record Tuesday, the eigth in the last nine days. Lackluster consumer confidence numbers and a declining dollar, which hit its lowest point since February, were attributed to gains that lifted gold to above $1,300 an ounce. "After an early profit-taking setback in gold, bargain-hunters stepped in to "buy [...]

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Another set of fresh U.S. gold price records were set this week, maintaining last week’s momentum. Prices dipped only on Tuesday, and that was for the close and prior to the Federal Reserve’s statement released later in the day saying it was prepared to inject more cash into the economy. From that point, gold drove [...]

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U.S. gold clamped down on another fresh record Thursday, closing nearer $1,300 an ounce on safe-haven buying linked to disappointing U.S. jobless claim numbers. Gains were limited by better, but still lackluster existing home sales data, opined analysts. "The U.S. dollar index saw a tepid short-covering bounce in a bear market Thursday, but that rebound [...]

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U.S. gold prices continued their upward thrust on Wednesday, nearly touching $1,300 an ounce and registering a fresh record for a fifth straight day. The dollar was pressured and gold resultantly lifted after the release of the Federal Reserve’s statement, which noted lower than desired inflation and signaled a willingness to further monetary easing. Comex [...]

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U.S. gold prices surged to a new record in late electronic trading after a closely-watched meeting of the Federal Reserve’s monetary policy committee said core inflation was below preferred levels, indicating it was "prepared to provide additional accommodation if needed to support the economic recovery and to return inflation." Prior to the release of the [...]

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U.S. gold closed at a fresh all-time high Thursday — the second record day this week. Economic uncertainty and a weaker U.S. dollar were among the factors contributing to higher gold prices, opined analysts. In New York bullion prices, gold futures for December delivery finished at $1,273.80 an ounce, rising by $5.10 or 0.4%. Gold [...]

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U.S. precious metals prices surged on Tuesday, with gold reaching a new record and silver hitting its best price since March 2008. Gold also rallied for its biggest one-day gain in four months. In New York bullion prices, gold futures for December delivery closed to $1,271.70 an ounce for a daily pick up of $24.60 or [...]

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