A day after Fed chief Ben Bernanke told Congress that he "doesn't pretend to understand gold prices," gold experts weigh in with some explanations for what could drive the price of the precious ...
Shares of some top gold companies are mixed at 1 p.m.: Barrick Gold Corp. rose $.48 or 2.5 percent, to $19.69. Gold Fields Ltd ADS fell $.14 or 1.9 percent, to $7.23. GoldCorp. fell $.13 or .5 percent, ...
It looks like China, already the world’s largest gold producer, is also buying all the Western Gold that it can get its hands on, having imported over 114 tons in December – a record. ZeroHedge observes that once again, the price of gold dropped precipitously in December as liquidations took place to meet margin calls,Continue Reading …
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