Written by Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets. READ MORE »
Posts tagged Gold & Precious Metals
Gold Advances in New York as Investors Seek to Protect Wealth
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence. READ MORE »
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. READ MORE »
PRECIOUS METALS: Gold Futures Pull Back After Bernanke Speech
Gold futures have eased slightly after comments from the head of the U.S. Federal Reserve about deflation, but the metal isn’t losing much ground as concerns about the economic recovery continue to support it as a refuge investment. READ MORE »
Gold Advances Most in Two Weeks on Haven Demand Amid Global Equity Slump
Gold futures rose the most in two weeks as slumping global equity markets boosted the appeal of bullion for investors seeking a haven. READ MORE »