Gold Prices End Week 4% Higher (Update 1)

NEW YORK (TheStreet ) — Gold prices settled higher Friday helped by physical buying and a weaker U.S. dollar.

Gold for February delivery added $5.50 to settle at $1,732.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,734.80 and as low as $1,714.20 an ounce while the spot price was adding $13, according to Kitco’s gold index.

Source: http://feeds.thestreet.com/~r/tsc/feeds/rss/latest-stories/~3/HEUgKVWTyW0/weak-dollar-keeps-gold-price-rally-going.html

Gold and Silver Continued Their Rally –Recap January 26

Gold and silver prices continued their rally and sharply rose again during Thursday’s trading; crude oil also traded up yesterday; natural gas future price changed direction and fell while the spot price sharply increased yesterday. The Euro and other currencies such as Australian dollar traded slightly up against the U.S. dollar on Thursday. Here is a summary of the price developments of precious metals and energy commodities for January 26^th, 2012:

Precious Metals Prices:

Gold price continued to rise; it ended Thursday’s trading rising 1.58% to $1,729.9; Silver price also rose by 1.88% to reach $33.74. During January, gold increased by 10.4%, and silver by 20.88%. 

Source: http://www.tradingnrg.com/gold-price-and-silver-prices-crude-oil-prices-rose-january-26th/?utm_source=rss&utm_medium=rss&utm_campaign=gold-price-and-silver-prices-crude-oil-prices-rose-january-26th

Wood, Trees & Gold

So much Gold Bullion, but so much more paper and wood-pulp on top…!

THE GOLD PRICE just broke through its downtrend – the line joining its tops – from summer 2011′s record high. Or so technical analysts studying the price charts will tell you, says Adrian Ash of BullionVault.

Just as in late 2007, however – from where gold began a 55% run inside 6 months – the price jumped Wednesday on a very fundamental fact: the price of money, specifically Dollars, the world’s #1 currency for trade and central-bank reserves.

Source: http://goldnews.bullionvault.com/gold_reserves_012620128