Stock markets, Gold and Oil News

Financial Information and market forecasts, focusing on stocks, gold and oil.

Mortgage rates well below 4.5 per cent

Fri, 03 Sep 2010 22:07:42 +0000 - The Federal Reserve’s continued support of low to no interest rates is a contributor to mortgage rates that remain near historic lows. Bankrate.com lists Friday’s (September 3) national average mortgage rate at 4.34 per cent. Friday of last week, the national average was right at 4.5 per cent. Some lenders have 30-year fixed rates that [...]

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Live Charts UK - Stock markets and Oil prices

Interest rates remain low as economic concerns persist

Fri, 27 Aug 2010 13:15:49 +0000 - National average mortgage rates remain historically low and there appears to be no end in sight to the Fed’s low to no interest rate policy. A less than stellar Commerce Department report on the second quarter gross domestic product Friday (August 27) morning is the latest contributor to the sense of pessimism hanging over the [...]

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Live Charts UK - Stock markets and Oil prices

Gold moves closer to record

Thu, 26 Aug 2010 09:23:38 +0000 - Gold prices moved closer to its all-time high on Wednesday (August 25) despite relative firmness in the dollar. One ounce of gold currently fetches $1,238 in early evening New York Globex trade. Gold closed Tuesday at $1,230.40 after a Monday close of $1,225.90. At one point in early morning New York NYMEX trade Tuesday, gold [...]

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Live Charts UK - Stock markets and Oil prices

Euro, pound reverse sharply

Thu, 12 Aug 2010 07:59:54 +0000 - The euro and pound have both been in full retreat against the US dollar on Wednesday (August 11). One euro is worth just $1.2845 after trading as high as $1.3226 on Tuesday. A British pound nets $1.5636 after a $1.589 peak Tuesday. While the announcement of a $3 billion housing aid package from the Obama [...]

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Live Charts UK - Stock markets and Oil prices

Gold moving toward $1,200

Fri, 06 Aug 2010 08:27:33 +0000 - The price of gold is currently (August 5) just below $1,195 after it briefly touched $1,200 on August 4th. Gold prices have been on a rebound after more than a $100 downward correction from the all-time high in late June of $1,261. The gold spot rate hit $1,157 just over a week ago on July [...]

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Live Charts UK - Stock markets and Oil prices

Dollar remains in downward trend

Wed, 04 Aug 2010 17:17:32 +0000 - The value of the dollar continues to sink even in the midst of positive earnings reports and a modest improvement in the level of private company hiring during July. One euro is worth $1.3210 in early Wednesday (August 4) New York currency trade after peaking at $1.3242 earlier. The euro remains in a strong upward [...]

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Live Charts UK - Stock markets and Oil prices

Oil prices below $80 as demand sluggish

Tue, 27 Jul 2010 21:43:30 +0000 - Oil prices are hovering just below $80 per barrel, at around $79 for September crude delivery in Tuesday’s (July 27) early New York Mercantile Exchange trade. Still moving in sync with equities in the big picture, the price of oil is limited by continued reports of sluggish crude demand levels in the US. How long [...]

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Live Charts UK - Stock markets and Oil prices

Gold / Metals News

Metals market news for the specialist commodity investor

Copper prices gain on jobs numbers

Fri, 03 Sep 2010 18:55:53 +0000 - Copper prices were up slightly Friday, helped by US Labor Department data which showed that private employers in the United States added 67,000 jobs in August, more than expected, while overall employment dropped by 54,000 and the unemployment rate was at 9.6 percent. Prices might have risen more, but a separate report showed that the US [...]

US pending home sales data helps copper prices

Thu, 02 Sep 2010 19:30:18 +0000 - The price of copper was up Thursday after the National Association of Realtors reported that pending home sales were unexpectedly higher in July, adding 5.2 percent to give a boost to the metal that is used extensively in construction. December contracts for copper added 3 cents to $3.50 per pound in New York trade, while three-month [...]

Positive data chases gold prices lower

Wed, 01 Sep 2010 19:30:05 +0000 - Precious metals prices were mixed in New York trade Wednesday as platinum and palladium gained but gold and silver both declined after both the United States and China reported data showing that manufacturing activity in the two nations expanded last month. In the United States, the Institute for Supply Management said that its manufacturing index was [...]

Gold gains on search for safetey ahead of economic data

Mon, 30 Aug 2010 19:17:20 +0000 - Precious metals prices were mixed Monday as gold advanced but silver held steady and platinum and palladium both declined. December gold added $1.30 to $1,239.20 per troy ounce on bargain hunting and as investors looked for safe places to put their cash ahead of new data due later in the week, including new figures on US [...]

Gold gains as US dollar weakens

Fri, 27 Aug 2010 19:15:50 +0000 - The price of gold was higher Friday on the possibility that the US dollar will weaken more, after it lost value on comments from Federal Reserve Chairman Ben Bernanke at a meeting of central bankers from around the globe being held this weekend in Jackson Hole, Wyoming. Mr. Bernanke said that the government will do whatever [...]

Gold prices fall on US jobs news

Thu, 26 Aug 2010 19:14:05 +0000 - The price of gold fell Thursday as more investors looked for riskier investments after better news than expected on US jobless claims and as others had to sell gold after midday to cover losses as New York equities markets turned from gains to losses. December gold was down $3.60 to $1,237.70 per troy ounce in New [...]

US durable goods orders, new home sales drive metals price moves

Wed, 25 Aug 2010 19:24:24 +0000 - New economic data from the US sent precious metals prices higher and base metals prices lower Wednesday as investors worried that the global economy is slowing down and looked for safe places to put their cash. December gold added $7.90 to $1,241.30 per troy ounce in New York trade as US durable goods orders were up [...]

Current Gold Prices

based on price per gram.

Date: 2010-09-04 03:20:20

Data by Digital Gold Currency Standards Consortium (DGCSC)

Programming by me :)

Purity of gold

The purity of gold is EXPRESSED by its fineness (parts per 1,000) or by carat scale

The weight of gold can be measured in troy ounces, grams, or in penny weight

Gold Troy Measurement

Gold Metric Conversion