Posts Tagged ‘labor’

Gold tests support at $1,250, silver and platinum rise

Gold remained strong today amid lack of movement in equity markets with US trading halted until Tuesday due to the Labor Day holiday. Full story

FTSE 100 and Dow Jones rally during week, but gold holds steady at $1,245

Even better than expected US jobs figures released by the Labor Department on Friday failed to weaken gold, which remained close to US$1,250/oz and just US$20 away from the all time high of US$1,266/oz. Full story

Gold keeps rising on safe haven demand after US jobless claims climb

Gold extended gains today as demand for safe haven assets remained high after yesterday’s report from the Labor Department revealed an increase of 2,000 in initial jobless claims in the US, which currently stand at five month highs at 484,000. Analysts Full story

Gold Settles $17.50 Higher… ($1216.70)

Today’s Gold session produced a $17.50 gain fueled by poor economic data and investor uncertainty. Today the U.S Department of Labor released data showing the Initial Jobless Claims rose by 2,000 to 484,000… This figure is a six month high and an indication to investors that the labor and foreclosure Full story

The Logic of selling Gold in May and âgoing away.â

PM By: Peter_Degraaf Should you invest or should you trade? Featured is the gold price in 2001. Full story

The Logic of selling Gold in May and ‘going away.’

(Should you invest - or should you trade?) Charts courtesy Stockcharts.com Featured is the gold price in 2001.  Selling in May and buying back right after Labor Day would have yielded a small profit, provided that the sale was made right at the top in May (not easy). Full story

Nevada stocks lacking appeal: Investment analysts not very high on any Silver State company

Mar. 7--Nevada offers investors a dicey backdrop for stock investments. Unemployment ran 13 percent in December in the Silver State, according to the Bureau of Labor Statistics. Full story
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