NEW YORK/ LONDON, Oct 24- Gold edged lower on Friday and closed down for the week as rallying equity markets and strong U.S. economic data dented demand for the precious metal as an insurance against risk. COMEX gold futures outperformed spot, settling up $2.70 at $1,231.80 an ounce, with lower-than-usual volume, according to preliminary Reuters data.» Read More
If the price of gold falls below $1,600 and investors pull back from risky assets, the US dollar could appreciate by as much as 30 percent, Ron William, a technical strategist at MIG Bank, told CNBC
The gold rush is back! As the price of gold reaches new record highs, recreational prospecting for gold has turned into an ever more popular pastime. Not just in the US or Australia, but also across parts of the Alps in Switzerland.
A look at investment opportunities in gold, ETFs, and the banking sector, with Dan McMahon, Raymond James, and Bruno del Ama, Global X Funds.
Art Cashin told CNBC Wednesday that he has a feeling there could be a big surprise from Federal Reserve Chairman Ben Bernanke by him saying nothing Friday, and that could catch the markets off base.
The price of gold hit a fresh all time high of $1,900 an ounce on Tuesday as investors continued to fret over the sovereign debt crisis in the euro zone and its impact on the global banking industry.
In what could be a precursor to much higher margins at the CME, MF Global today has raised its margins on one contract of silver from $14,513 to $25,397, or an increase of 75%.
A look at where the commodity is headed, with Mihir Dange, Arbitrage gold options trader.
Mad Money host Jim Cramer weighs in on the impact of higher margins on the precious metal but says it will go dramatically higher because it is a currency, and Art Cashin, UBS with an outlook on European banks.
With gold on the rise again, Wells Fargo says this precious metal is in a bubble that’s about to burst.
When the markets spook investors, one of the first flights to safety is gold. It's the woobie blanket of investing.
Central bankers are in the business of "currency manipulation," James Grant, editor of Grant's Interest Rate Observer, told CNBC Thursday. He wants a "modernized, 21st century gold standard that checks the capacity of central banks to print money."
As gold topped a record $1800, traders that are long bullion began to get nervous that they were behind a trade that may not have any potential new buyers left.
The Swiss franc, a stalwart against market turbulence, fell like a rock Thursday, in part on speculation that it could be temporarily anchored to the euro.
With the price of gold soaring to record levels, the precious metal has become that much more dear. Where and how should gold buyers store their bullion and coins?
Long the home of gold lovers, demand is higher than ever, with buyers fearful prices will rise further, ahead of the traditional October-November wedding season.
CNBC's Sharon Epperson reports on the precious metal's nominal all-time high.
Does the 635 point drop in the Dow on Monday signal capitulation? Or is the market bouncing before the next leg down?
Most investors these days play gold through mutual funds and exchange-traded funds but the investment strategy of these vehicles varies widely, as have their performance relative to the metal's decade-long rally.
The West is close the point where its paper currency system is insolvent, and as a result gold is heading to $5,000 an ounce, according to the manager of a gold fund.
The “Mad Money” host recommends investors closely monitor these two areas in particular.