Prices for copper, gold, wheat, corn and oil are soaring. But how can small investors can take advantage of this growth without taking on way too much risk? That's a good question, indeed. And here are some good answers.
A rapidly growing list of reports shows a U.S. economic recovery that's far stronger than most had anticipated just months ago. And both deflation and inflation seem less likely to explode. All this is boosting the dollar -- and could soon dim the gold bugs' argument.
On Thursday, stocks clawed back nearly of the week's prior losses. Lifting investors' spirits were an easing of concerns over Irish debt, GM's massive IPO and some surprisingly positive economic reports.
For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.
Gold prices jumped in early Tuesday trading in advance of a Federal Reserve meeting and U.S. elections before leveling off and finishing the day slightly higher than Monday's levels.
Gold prices struck another record closing price today, settling at $1,370.50 an ounce on the Comex, as investors continued to look for safe investments in the wake of currency volatility. Gold reached its 16th record high in five weeks.
Gold prices reached a record high today as the Bank of Japan cut interest rates and many countries indicated that they may boost currency liquidity, Reuters reported.
The Dow surged nearly 200 points, while inflation fears propelled gold to another record close. The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected the measure to rise to 52.
Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
Despite the last day's profit-taking slippage, it was a September to remember for stocks, especially after their gruesome performance in August. It's all the more noteworthy because September is hardly a highlight month historically.
Gold prices reached a record $1,308.90 an ounce Tuesday after earlier price declines and continued low interest rates spurred investors to buy bullion. Gold, which earlier had its biggest intraday decrease in more than two months, reached a record high for the eighth time in two weeks.
Glenn Beck's favorite gold company was dragged to Capitol Hill Thursday to answer questions regarding its marketing and sales practices. Goldline, the omnipresent pusher of gold coins in radio and TV ads (and for whom Beck was a paid spokesman), is under fire from Rep. Anthony Weiner for scamming its customers.
Gold prices hit a record high Tuesday and may reach a record $1,300 an ounce later this year as investors fearing debt crises and potential inflation from interest rate cuts may put more of their money into the precious metal.
Thanks to the Greek debt crisis and other economic shocks, investors have been rushing into gold all year. Is this just a herd mentality at work, or is it a wise assessment of the economic road that lies ahead?
Not sure whether the economy is turning up or down? Because of its industrial applications and its inherent value as a precious metal, silver may offer a portfolio protection in both recession and recovery.
Gold prices have cooled off -- just a bit -- since notching a nominal all-time closing high last week. But the outlook for it looks as glimmering as ever -- according to both inflationists and deflationists, alike. And that's the problem. (With video)
With China's blistering growth and huge foreign reserves, Wall Street often cites the country's market-moving potential in its sales pitches to investors. But Beijing rarely cooperates with Wall Street's plans. The latest case in point? The gold market.(With video.)
Gold prices briefly crossed $1,260 an ounce in Friday morning trading on the Comex division of the New York Mercantile Exchange. Gold futures for August delivery, the most heavily traded contract, rose as much as $12.20 to $1,260.90 before paring gains. On Thursday, gold closed at $1,248.70 and ounce, a new nominal closing high on the Comex.
Gold prices fell in early Monday trading on renewed faith in a global economic recovery. Gold prices retreated $2 to $1,228 an ounce on the Comex division on the New York Mercantile Exchange soon after the market open.
For years, a clear correlation existed between gold and the U.S. dollar: When the dollar dropped, the price of gold rose, and vice versa. But in recent months, they've both been moving up together. And more gains may be coming.
Lots of gold bugs burrow into the precious metal because it's thought to be the ultimate hedge against inflation. So why is famous deflationist David Rosenberg so bullish on gold? It's all about the integrity of the global financial system.
Gold's short-term upside depends more on fear than fundamentals. The other side of that trade is a bet on global growth. And based on the performance of the economically more useful metals, such as copper and silver, the bulls are winning.
The price of gold hit a record high as the Greek crisis drove fearful investors to the precious metal. But longer term, powerful factors are likely to weigh down gold's price. Investors infected with Glenn Beck's passion for gold, watch out.
Thank the Incredible Shrinking Dollar. The Federal Reserve wants a cheap buck to help boost exports and create jobs, but so far it's just made central banks and institutional investors at home and abroad feel pretty stupid holding rapidly depreciating greenbacks. So, they're dumping dollars and hording gold.
