Economy

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Gains seen in gold price for fourths session in a row

Gains seen in gold price for fourths session in a row

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Gold made gains for the fourth straight session, holding its own against both the euro and the dollar. Even though the trading was a bit choppy, gold came out with gains, which was nice to see after some recent drops in price and […]

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Gold remains steady after Spain news

Gold remains steady after Spain news

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Investors are still aware of all that happened last week regarding price spikes (both positive and negative) of the yellow metal. However, gold remained steady today as European ministers agreed on a $125 billion deal to aid ailing Spanish banks. While the yellow […]

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Gold remains steady amongst euro weakness

Gold remains steady amongst euro weakness

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Gold remained steady today, even amidst the weakness of the euro and a sle of news out of that region. The yellow metal was able to recover all early morning losses that were linked to both the euro weakness and also the renewed […]

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Gold makes huge jump on weak jobs report

Gold makes huge jump on weak jobs report

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie After a few weeks of struggles and after a recent sharp price drop, gold made a quite significant jump today as a weak U.S. jobs report hit the wire. The report, which was quite weak indeed, sent the Dow Jones Industrial Average into […]

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May mercifully comes to an end for gold

May mercifully comes to an end for gold

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie May 2012 has not been very good to gold. While the yellow metal did in fact spike up a little more today in price, gold is actually in line for its worst month in around 30 years. Obviously, that’s quite significant. Despite this […]

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Gold trades modestly higher after steep drop

Gold trades modestly higher after steep drop

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Gold traded a bit higher today, albeit very modestly higher, after a significant and precipitous drop (see price graph) as bargain hunting and short covering contributed to the yellow metal rising up just a tiny bit in price. While the jump was by […]

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Gold price slide continues, bargain hunters out in force

Gold price slide continues, bargain hunters out in force

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Gold continued to slide today, dropping another $20.00 as the yellow metal continues its crazy and thoroughly unpredictable 2012 run. Gold set all kinds of price records over the first three months of 2012, then it started to tumble based on a number […]

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Gold jumps on Federal Reserve speculation

Gold jumps on Federal Reserve speculation

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie Gold jumped a bit today, ending a week of drops for the yellow metal. Speculation that the Federal Reserve would announce plans to inject another round of cash into the slowly recovering economy (a practice technically known as quantitative easing) also boosted the […]

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Gold experiences relatively large drop in price

Gold experiences relatively large drop in price

By Jeremy Holcombe Contributing writer for Goldco Direct and End the Lie The 2012 gains on gold price were erased today with continuing fears of the eurozone rearing their ugly heads again. Tack on to this that the dollar was extremely strong today and you have a recipe for a gold price drop. The dollar […]