Gold Prices Weakening on Eurozone Concerns
Gold – Last year gold was seen as a safe haven that could mitigate exposure to the European debt crisis, but it is now trading in line with more traditional drivers.
Articles Tagged "austerity measures"
Gold Prices Increase on Bank of England Rate Decision
Gold – The Bank of England preserving its official Bank Rate paid on reserves at 0.5 percent helped the spot market price of gold to climb to $1747.50 per troy ounce. Gold prices were further supported by the Bank's vote to inject another 50 billion pounds into its financial system along with news of Greek leaders finally negotiating a deal on fiscal reforms.
Commodities Gain as Politics Stabilize in Italy, Greece
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.
