Gold (GLD) Higher as Bernanke Defends Monetary Policy
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
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Gold Prices Could Decline Faster Than Expected – Goldman Sachs
February 25, 2013 1:43 PM ESTAnalysts at Goldman Sachs think the turn in the gold cycle is already underway. Analysts at the bank lower their 3-, 6- and 12-month gold price forecast to $1,615, $1,600, and $1,550 per ounce respectively, above the current spot price of gold, but they warned that a selloff could end up being "faster... More
Gold Lower Into FOMC as Traders Await Color on QE Expectations (GLD) (IAU)
February 20, 2013 11:47 AM ESTGold prices are lower into FOMC minutes this afternoon. April 2013 contracts are down $22.0 to $1,582.2 per ounce on the Comex.
Many are turning away from safe-haven investments like gold as U.S. equities markets hit multi-year highs this week, attracting more investors in the process.
Investors will... More
