AUSTIN, Texas (AP) -- Facing double-digit inflation in 1981, Congress created a commission to consider a role for gold in U.S. monetary policy. The 17-member panel rejected the idea of returning America to the gold standard - except for two ...
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LONDON (Reuters) - Gold may reach a record high above $2,000 an ounce in late 2012 or early 2013, but the precious metal is nearing the end of a decade-long run that has lifted prices by more than 600 percent, metals consultancy GFMS said on ...
On Wednesday, gold futures for February delivery gained $4.30 to settle at $1,659.90 per ounce, while silver futures jumped 41 cents to settle at $30.54. It was the highest close for gold in five weeks. The World Bank cut its global ...
NEW YORK/LONDON (Reuters) - Gold rose on Wednesday on gains in the euro and U.S. equities and optimism that the International Monetary Fund will raise additional funds to help combat Europe's debt crisis. Bullion was on track for a third ...
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(Kitco News) - Comex February gold futures prices are trading slightly lower Wednesday morning and are seeing a mild, profit-taking downside correction from recent solid gains. Bullishly postured "outside markets"-a weaker U.S. dollar ...
NEW YORK/LONDON (Reuters) - Gold prices rose on Tuesday, in tandem with the euro, on technical buying and as lackluster economic data lifted investor hopes for monetary stimulus in China. Bullion prices gained after weak growth suggested that ...
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Jan. 18 (Bloomberg) -- Gold may climb in New York as the International Monetary Fund was said to seek to boost lending and as a weaker dollar spurs demand for an alternative asset. The IMF is proposing a $500 billion expansion of its lending ...
Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery. Spot gold gained as much as 0.4 percent to $1,658.45 an ounce and traded at $1,654 ...
Jan. 18 (Bloomberg) -- Gold futures climbed to the highest settlement price in five weeks as a slumping dollar boosted the appeal of the precious metal as an alternative asset. The greenback declined for the second day against a basket of major ...
SAN FRANCISCO (MarketWatch) - Gold futures ended at a five-week best Wednesday, staging a comeback as traders looked at wholesale prices and saw potential for inflation, and as the dollar extended losses. Gold futures for February delivery ...
