Gold rose above $1,430 an ounce on Tuesday, supported by clashes in Libya, but remained well off the previous session’s record high as a retreat in oil prices prompted some investors to cash in gains in the metal. Get the full story »
Inside these posts: Precious metals
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Gold sets new record; silver flirts with $30
From Marketwatch.com | Gold futures climbed to a new record on worries about European debt and the potential further weakenig of the U.S. dollar. Gold for February delivery gained $9.90, or 0.7 percnet , to finish at $1,416.10 an ounce on the New York Mercantile Exchange. Silver surged but stopped short of $30 an ounce. Get the full story>>
A.M. Castle profit misses as material costs jump
By Reuters
Specialty metals and plastics distribution company A.M. Castle & Co. posted a quarterly profit, below market estimates, on higher cost of materials and said it expects to report a small net loss for the fourth quarter. Get the full story »
Northern Trust expects gold to keep climbing
By Reuters
Northern Trust expects gold to continue climbing until interest rates rise and developed economies get their budget deficits under control, the firm’s chief investment strategist said on Monday.
The U.S. bank, which has more than $600 billion in assets, also raised its asset allocation for gold by five times to 5 percent at its last review in September, James McDonald, Northern Trust’s chief investment strategist said in an interview. Get the full story »
Gold rises to another record of $1,310 an ounce
Bloomberg News | Gold futures rose to a record for the ninth time since mid-September as the slumping dollar boosted demand for the precious metal as an alternative investment. Silver reached the highest price since 1980. Get the full story »
Gold jumps to record of $1,300 per ounce
By Reuters
Spot gold jumped to a record high of $1,300.10 a troy ounce Friday as the U.S. dollar continued to weaken.
The precious metal has been on a record-breaking run the past fortnight–primarily on the back of falls in the U.S. currency–with analysts describing a break of the $1,300 per ounce level as “psychologically important.” Get the full story »
