(1888PressRelease) Angela Merkel rejected the idea of raising the cap on the bailout fund. MIAMI, FL – German Chancellor Angela Merkel added a further note of pessimism to the prevalent atmosphere following the European summit when she rejected the idea … Continue reading
(1888PressRelease) Gold slipped slightly yesterday as investors became nervous about the upcoming summit meeting in Europe. MIAMI, FL – Suggestions that there may actually be a feasible plan this time have had a calming effect on the market, making gold … Continue reading
(1888PressRelease) India is world’s largest consumer of gold. MIAMI, FL – In case you were wondering where all the people buying gold come from, a significant number of them will likely be private investors in India. Indian households together own … Continue reading
(1888PressRelease) Over 90% of experts think gold will continue to rise next week. MIAMI, FL,This week a solid majority, over 90%, of market experts analyzed predicted that gold would continue to rise in the coming week. The majority, albeit not … Continue reading
(1888PressRelease) Outlook for both palladium and platinum is more positive following better news on European front. MIAMI, FL, As all the precious metals rose sharply following the news Wednesday of a joint central bank and Federal Reserve intervention to help … Continue reading
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(1888PressRelease) Five central banks join with Federal Reserve to reduce interest rates. MIAMI, FL – News broke this morning of a concerted move by five major central banks plus the Federal Reserve to reduce the cost of borrowing dollars. The … Continue reading
(1888PressRelease) Many factors are underpinning gold. MIAMI, FL – Many investors may be asking themselves why there has not been a strong move into gold as the European crisis continues. After all, traditionally, gold and silver bullion has provided a … Continue reading
(1888PressRelease)All eyes focused on Europe as investors remain nervous. MIAMI, FL – As two new prime ministers form governments in Europe, concern grows over the future of the euro as a common currency for the region. Greek Prime Minister Lucas … Continue reading
(1888PressRelease) Gold continues to waver between $1750 and $1800 as the market continues to show extreme nervousness about the European situation. Pan American Metals of Miami says Gold Prices Appear Range Bound in Nervous Market Gold continues to waver between … Continue reading
(1888PressRelease) Demand from automotive and jewelry industries remains strong. MIAMI, FL – Despite an ongoing crisis in Europe and persistent unemployment in the US, there is still a thriving global market for new cars. The emerging economies of India and … Continue reading
(1888PressRelease) Safe-haven demand is countered by selling off. MIAMI, FL – Gold prices are being pushed in two directions at once, caught between the opposing forces of safe-haven demand and the need or desire to raise cash. The situation is … Continue reading
(1888PressRelease) Following a week of tumultuous happenings in Europe, gold ended strongly, closing the week at $1788 an ounce. MIAMI, FL – In India, the price of gold bullion reached record highs, fueled by strong seasonal demand as that country’s … Continue reading
(1888PressRelease) Long-term outlook for precious metals is definitely bullish. MIAMI, FL – Precious metals bullion still provides a sound investment as platinum and palladium continue to rally. Gold has taken a slight slide as investors still look to the dollar … Continue reading
(1888PressRelease) As gold ends another week on a high note, it is becoming clear that gold is fighting the dollar for ultimate safe-haven status. MIAMI, FL – As things settle down, temporarily, in Europe, the euro gains, the dollar loses … Continue reading
(1888PressRelease)Gold edged back up towards $1800 today as no news seemed to be good news on the European front. MIAMI, FL – All eyes are still focused on Italy as investors wait for the government to approve austerity measures and … Continue reading
(1888PressRelease) Gold futures rose 1.6% today based on a weaker dollar and buying from bargain hunters. MIAMI, FL,Deutsche Bank also predicted further gains in the price of gold in the near future, suggesting that the present trend for central banks … Continue reading
(1888PressRelease) Present dip in price of gold is likely to be short lived. MIAMI, FL, At the time of writing, gold is already rallying following its slide Thursday, suggesting possible buying by bargain hunters. The consensus of market experts is … Continue reading
(1888PressRelease)All precious metals have risen strongly this week. MIAMI, FL – Pan American Metals of Miami reported gains on all four precious metals today, November 8, with gold approaching $1800 and silver over $35, while platinum and palladium gained $10 … Continue reading
(1888PressRelease) Continuing concerns over the European situation drove gold up close to $1800 again based on safe-haven demand. MIAMI, FL – There seems to be no end in sight to the ongoing sovereign debt issues in Europe; no sooner has … Continue reading