As investors made a dash for the US dollar following concerns that commodities will be affected by the global economic slowdown, gold remained on track to its biggest weekly loss for the month even though it was able to recover slightly on Friday.
Hopes of Fed Stimulus Result to Increase in Gold Prices
August 9, 2012 By
Speculative buying resulted to an increase in gold prices on Wednesday as hopes for an extension on the long-term bond purchase of program may be implemented by the US Federal Reserve. The extension is supposed to stimulate the US economy, which increases the safe haven appeal of the precious metal.
Gold Prices Stabilize Amid Deflation Concerns
July 11, 2012 By
Following its decline during the previous session, gold prices have remained stable at around $1,571 per ounce. The decline resulted from concerns that investors will go for the US dollar for safe haven due to the slowdown in the global economy that resulted from the worsening situation in the European debt crisis.
2012 America the Beautiful Quarters New Designs Revealed
January 1, 2012 By
The United States announced the designs for the America the Beautiful Quarters due to be released in 2012, which will be on the reverse side of each of these coins. George Washington remains on the obverse side, John Flanagan Prepared this portrait.
