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European Situation Still a Major Influence on the Markets as all Preci...
MIAMI, FL - The ongoing crisis in Europe is still having a major effect on the precious metals bullion market, this time to the benefit of all precious metals. Gold is rallying strongly, given a stronger euro and weaker dollar, while both gold and silver are also benefiting from strong physical dema...
Pan American Metals of Miami says O...
MIAMI, FL - The general outlook for the coming week is cautiously optimistic with a small majority of market analysts predicting higher prices for gold as the European fiasco conti...
Precious Metals Recover as Dollar W...
MIAMI, FL - At the time of writing gold prices are making their way back up the roller coaster again, having climbed back to around $1640; analysts who warned of continuing volatil...
Pan American Metals of Miami says Prudent Investors Should be Transfer...
MIAMI, FL - Concerns about slow growth in the US, combined with the ongoing sovereign debt issues in Europe, are causing investors to sell off what they see as riskier assets in a rush to liquidate. Savvy investors should be transferring the funds they had in the riskier commodities into gold bullio...
News from Europe Continues to be Disappointing, Supporting Gold on Saf...
MIAMI, FL - The situation in Europe worsened again today as news broke of further riots in Athens. One can hardly help but sympathize with both sides of this predicament. On the one hand, to earn its bail out funds, Greece has been forced to implicate strict austerity measures, measures that impact ...
Pan American Metals of Miami says the Gold Market is Behaving Unusuall...
MIAMI, FL - It seems as if there is no happy ending to the European debt crisis and the effect on gold has been the opposite to what one would expect. As the preferred safe haven, gold should normally be rising in price when there is disappointing news about the state of the economy, whether at home...
Bill Hionas Cautions Investors Not to Panic at Every Swing in the Mark...
MIAMI, FL- As an example, gold traded significantly lower this morning, following a drop in the euro and a corresponding rise in the US dollar. However, by the end of the trading day, much of these losses had been recouped, leaving gold firmly back in the mid $1660s. This is still down slightly comp...
Gold Price Drops as Failing Euro Makes for a Strong Dollar says Pan Am...
(1888PressRelease) A strong dollar and rumors that commodity contracts may be limited combined to cause a drop in the price of gold today.MIAMI, FL - Following yesterday's rise in price, today saw another sharp correction for gold. The euro dropped sharply, making for a stronger US dollar and causin...