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Gold futures climbed Wednesday, recouping the prior day’s loss and then some to finish at their highest level in nearly a month, with the metal finding support from weakness in the U.S. dollar and strong demand in Asia. Gold for June delivery (US:GCM3) climbed $24.90, or 1.7%, to settle at $1,473.70 on the Comex division of the [...]
The gold price in Hong Kong went up 122 HK dollars to open at 13,660 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,477.63 U.S. dollars a troy ounce, up 13.2 U.S. dollars at the latest exchange rate of 1 U.S. dollar against [...]
Gold was headed for its biggest weekly gain in one-and-a-half years after rising more than 1 percent on Friday as a mid-month plunge in prices triggered bargain-hunting and a surge in physical buying across Asia. Bullion still attracted buying even though the price had rebounded more than $100 since falling to a two-year trough of around $1,321 last week, with dealers [...]
The collapse in the price of gold has surprised many investors, but it really shouldn’t be for those who know their financial history. Gold closed at an all-time high of $1,895 on Sept. 5, 2011. While it had dropped to $1,690 a year later, an upward swing caused many to predict that gold was again on [...]
Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of “The Benefit and the Burden: Tax Reform – Why We Need It and What It Will Take.” Since the beginning of the economic crisis in [...]
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