Gold Prices Rise to $1,397.51 an Ounce
Gold – Gold prices rose May 22 due to a falling US dollar and US Federal Reserve officials diminishing investors' fears that it would reduce its bond-buying program, Reuters reported.
Articles Tagged "US Federal reserve"
Gold Drops Most Since April 15th
Gold – Investor jitters about a policy statement from the US Federal Reserve dragged down gold today, along with a basket of other industrial and precious metals.
Gold On Track for Biggest Decline Since April 15th
Investor jitters about a pending policy statement from the US Federal Reserve are dragging down gold today, along with a basket of other industrial and precious metals.
Some Silver Lining in Gold Price Drop
Gold – It's hard to find any good news in the precipitous gold price drop that occurred over the last two trading sessions, but a scan through the Web shows that some gold market commentators are remaining positive and not crying "bear" for the gold market as many in the mainstream media appear to be doing.
Palladium Rises After 3-Month Low
Palladium – Reuters reported that palladium was up 1.6% as the dollar weakened on Thursday, triggering bargain hunting.
Palladium Drops on Fed Stimulus Concerns
Palladium – Reuters reported that palladium dropped 0.8% on Wednesday on signs that the US Federal Reserve is moving closer to ending its stimulus program.
Palladium Advances Amid Weak US Jobs Data
Palladium – Reuters reported that palladium advanced 22cents to $724.22 per ounce as a weaker US jobs data suggests the US Federal Reserve will continue to purchase bullion-friendly bonds.
Palladium Falls 1.6% Amid High US Auto Sales
Palladium – Reuters reported that palladium declined 1.6% to $766.75/ounce in spite of strong auto sales in the US as optimism on the economy lifted US equities and weakened buying interest.
Brent Oil Advances After 3-Month Low on Optimism in Cyprus Debt Crisis
Oil – Reuters reported that Brent crude oil reached above $108 per barrel as concerns over the Cyprus debt crisis have eased. Signs that the US Federal Reserve will continue its stimulus programs have also helped Brent crude to recover from a 3-month low.
Gold Takes a Spill and Picks Itself Up
Gold – Gold took a big hit mid-week when the US Federal Reserve suggested an end to quantitative easing, but the precious metal rallied on Thursday to regain some of the lost ground.
