
ECB to Mr. Paulson: Look, this is how it's done!
Overnight action in gold was fairly subdued as participants decided to wait the ECB decision out and did not opt to take on significant positions ahead of the long weekend coming up. New York spot bullion opened mildly on the Jul 03, 2008 11:02AM
Gold Investments Market Update - ECB Increases Rates as Trichet Warns of 'Exploding' Inflation
Gold rose to $944.80 in New York yesterday and was up $2.00; silver closed at $18.33, up 13 cents. Gold has remained firm near 10 week highs on the surging oil price which reached a new record high today . The dollar is flat today after its decline in value in recent days. Against the euro, the doll... Jul 03, 2008 10:18AM
After hitting resistance just above the $945 pivot point both yesterday as well as today, gold prices managed to head into slightly calmer waters but retained their small gains trading near $943 amid still rising crude oil prices and a Jul 02, 2008 2:40PM
Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents. Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ($141.30 per barrel ). However, geopolitical risk remains ever present and this should result in gold remai... Jul 02, 2008 8:07AM