The Gold Blog

Gold
Gold surged to $928.50 in New York on Friday and was up $16.20; silver closed at $17.62, up 50 cents.
While the dollar has strengthened somewhat, oil has again rallied sharply to new record highs (up 2.4% to over $143.60 per barrel
) and this should result in gold remaining well bid at these levels. Geopolitical risk [...]

On a day when I read that rising fuel prices are putting a pinch on the world’s oldest profession
I am reminded that there are commentators that can laugh in the face of creeping economic woes. Max Keiser is one of them:

Ok, so it isn’t very funny, but it is insightful. Interestingly, he points out [...]

Gold
Gold surged to $912.30 in New York yesterday and was up $32.70; silver closed at $17.12, up 64 cents.
Gold surged in what was the largest one day move since 1985 as the dollar weakened, oil prices surged to new record highs and stock markets fell sharply. While gold was up some 3%, most U.S. [...]

Gold
Gold closed at $879.60 in New York yesterday and was down $9.20; silver closed at $16.48, down 13 cents. Gold fell prior to and shortly after the Federal Reserve’s decision to keep interest rates on hold at 2%. However, with rates remaining extremely accommodative and inflation surging, gold soon recovered and rallied into the New [...]

Gold
Gold closed at $888.80 in New York yesterday and was up $4.40; silver closed at $16.61, down 16 cents. Gold fell initially in Asia, then rose in early European trading prior to falling again in recent trade.
With oil prices remaining near record highs, near $137 a barrel this morning and the dollar [...]