Posts Tagged ‘the-possibility’

Gold futures pulled back early on Friday after adding over $50 an ounce since Monday and more than a $100 since the start of July, but in after hours trade in New York had reached $1,594.50, adding a solid $5 to Thursday's record high of $1,589.30 an ounce. Thursday's gains were sparked by rating agency Moody's saying US bonds were on review for possible downgrade ... Full story

Toronto’s main stock index finished higher Wednesday, led up by a sharp rise in gold-mining shares as investors sought safe havens. The price of gold surged to a record high near $1,590 an ounce as the possibility of more U.S. Federal Reserve stimulus Full story

Gold futures added to record levels set earlier on Tuesday as Europe finance ministers consider allowing Greece to default on some of its debt, Italy's borrowing costs soar and US Federal Reserve minutes indicate the possibility of additional financial stimulus. Gold is considered a hedge against inflation and further quantitative easing could flood financial markets with cheap money as it did in the previous round ... Full story

PALM BEACH GARDENS, Fla. – As Greece prepares for the possibility of sovereign debt default, the country’s citizens are emptying their bank accounts and scooping up gold. The euro fell against 10 of its 16 major peers among speculation that Greek Full story

A newfangled beer dispenser at this year's Utah Arts Festival fills liquid gold from the bottom of the cup in just a few seconds, quenching a thirsty crowd in only a fraction of the time. It also curbs the possibility of a big head and the wasteful foam Full story

Commodity prices fell across the board on Friday as concerns about global demand overshadowed the possibility that Greece could avoid a default on its debt. Prices of oil, manufacturing metals and many agriculture products settled lower. Full story

The metal is attempting to confirm the breach of 1360.00 signaling the possibility of forming a harmonic pattern that might drive the metal towards 1322.00, where the extension of CD leg is expected to appear towards 1298.00. Gold returned above 1360.00 Full story

Until recently, it seems that one of the main underpinnings in the strength of gold has been fears of inflation. However, inflation data in the last several months has lead to an increased focus on the possibility that deflation may be the flation on the Full story

While there is the possibility that gold and silver may fall back on profit-taking, such a decline would be expected to be limited and short-lived. Investment demand for gold and silver as safe haven assets has remained firm in the midst of vulnerable Full story

More from Jeff Nielson Almost one year ago, I wrote a commentary outlining "two, short-term scenarios for the gold market." Although I acknowledged that there was still the possibility of a midsummer selloff, I added that if there was no selloff by the Full story