Los Angeles, CA. – Morgan Gold - Gold and Silver prices rallied early Monday with Gold currently trading almost 2 percent higher than Friday’s close at $1,672.40 an ounce and Silver up over 3 percent at $32.20 an ounce as investors applauded the French and German commitment
October 3, 2011, Los Angeles – The Gold price rose 0.58 percent or $9.40 to close at $1,623.70 an ounce on Friday, ending one of the most turbulent quarters for the equity markets since the financial meltdown of 2008, as global stock markets tumbled between 11 percent and 25 percent in the third quarter. Silver slipped 2.28 percent or $0.70 to close at $29.91 an ounce while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, edged up to 54.29 as Silver under-performed Gold.
September 22, 2011, Los Angeles – The price of Gold dipped 1.18 percent or $21.30 to close at $1,781.70 an ounce on Wednesday, after the Federal Open Market Committee (FOMC) announced it will launch a $400 billion program to twist the Fed’s $2.85 trillion balance sheet toward longer term securities by selling short term government debt and purchasing longer dated Treasuries, while keeping the fed funds rate at 0 to .25 percent. The price of Silver eased less than 0.01 percent or $0.03 to close at $39.58 an ounce while the Gold/Silver ratio fell to 45.02 as Silver outperformed Gold.
Los Angeles, CA. – Morgan Gold - The price of Gold continued to fluctuate on Friday morning and is currently trading at $1856.50 an ounce after hitting a new record high of $1923.70 on Tuesday. Silver is trading lower, as well, at $41.56 an ounce as it tracks the price of Gold. The Gold price ended higher Thursday following dovish comments by European Central Bank (ECB) President Trichet that marked a change in direction by the ECB on interest rates and “sent the euro on a nosedive and Gold has made strong gains, despite the firmer U.S. dollar,” said analysts at Commerzbank in a note to clients.
September 7, 2011, Los Angeles – Gold bullion prices slipped 1.41 percent or $26.70 to close at $1,872.80 an ounce on Tuesday after Gold prices hit a new record high in early morning trade before a dollar rally and a stronger than expected August ISM non-manufacturing index report put pressure on the precious metals. The price of Silver fell 2.40 percent or $1.03 to close at $41.93 an ounce while the Gold/Silver ratio rose to 44.67 as Silver under-performed Gold.
September 5, 2011, Los Angeles – The price of Gold jumped 3.18 percent or $58.00 to close at $1,882.60 an ounce on Friday, after the Labor Department reported that no new non-farm payrolls were added to the economy in August, leaving the unemployment rate unchanged at 9.1 percent and reviving the threat that the U.S. economy may be sliding back into recession. The price of Silver spiked 4.08 percent or $1.70 on the news to close at $43.24 an ounce while the Gold/Silver ratio edged lower to 43.54 as Silver outperformed Gold.
Los Angeles, CA. – Morgan Gold -Gold bullion prices surged over 2 percent on Friday morning and are currently trading at $1,883.90 an ounce with Silver trading at $43.32 an ounce, following another disappointing non-farm payrolls report. According to the jobs report, payrolls remained unchanged with net job growth at zero for the month of August. The market was expecting an increase of 93k and even Goldman Sachs’ hastily revised forecast of +25k, wasn’t even close