Archive for February, 2007
February 27, 2007 - Gold Plunges $13 on Tuesday as Investors scrambled to cover equity market losses, driving Gold prices down to a low of $660/oz. before rebounding and closing near $770. Continue Reading »
Gold & Stock Markets Tumble In Biggest Dow Drop Since Sept, 2001
February 08 - Gold Rallies to $661 in Comdex futures trading on Wednesday resulting from heavy institutional buying. The price upswing came after early trading was heading lower due to the release of very positive fourth quarter U.S. economic reports indicating robust growth during 2006 fourth quarter. Continue Reading »
Feb 07 Update - Gold Rallies 1% Despite Fed Reserve Inaction
Dollar’s Weakness, Then Strength, Confounds Investors, Leading To Large Technical Sell-Off
Gold Fell $11, about 2% Friday to $651 per ounce. A U.S. payroll data showed a moderately healthy growth and the the dollar was buoyed by talk of another rate hike by the European Central Bank. The strength of the dollar, which rallied to 1.3 versus the Euro, an important technical barrier unleashed a wave Continue Reading »
Gold Down $11 after Reaching 6 Month High





