Precious Metals

Precious metals, most notably gold, silver, and platinum, have always held monumental value in economies, partly because of their grandiose glimmer and partly because of their practical use. These metals are usually seen as safe bets, as they keep their value and are limited in quantity. Today, these metals are traded as commodities, though many investors opt to invest in precious metal funds like Vanguard Precious Metals And Mining Fund Investor Shares (MUTF:VGPMX) and USAA Precious Metals and Minerals Fund (MUTF:USAGX) instead.

Gold Cools on Cyprus, Gains for Week

Gold slipped on Friday as frantic deal-making in Cyprus raised hopes that the island nation could secure a bailout and avoid ejection from the eurozone.

EU Cyprus Ultimatum Sends Gold Higher

Gold gained in Thursday trading after the European Union issued an ultimatum to Cyprus to raise billions needed for a bailout or be expelled from the eurozone.

Gold Slips on Federal Reserve Statement

Gold fell modestly in Wednesday trading after the Federal Reserve left interest rates unchanged, but issued cautionary remarks about its easy monetary policy.

Gold Rises on Cyprus Bailout Vote

The rejection of a controversial bailout plan by Cyprus' legislature sent gold up in Tuesday trading as worries over the eurozone economy grew.

Gold Jumps on Cyprus Bank Bailout Plans

Plans to confiscate part of private bank deposits as part of Cyprus' bailout plan renewed fears about Europe's economic crisis, sending gold higher on Monday.

Gold Climbs Modestly on Consumer Price Data

Gold rose slightly in Friday trading, posting a small increase for the week, after the government said consumer prices rose sharply in February.

Gold Inches Higher on Rising Euro, Asia Demand

Gold edged higher in Thursday trading, despite more good news about U.S. employment, as the euro rose and Asian gold demand increased.

Getting Your 401k Money Into Retirement Gold

Putting retirement monies to work may include finding ways to buy precious metals, and here is some advice and help in accomplishing the task

Gold Slips on Stronger U.S. Retail Sales

Gold fell modestly in Wednesday trading after the U.S. Commerce Department reported higher-than-expected retail sales growth in February.

Gold Jumps on German Bank Head Comments

Remarks from the head of Germany's central bank warning that the eurozone's economic crisis is not over sent gold up sharply on Tuesday.

Gold Posts Third Straight Gain on Italian Downgrade

Gold inched up for the third consecutive session as traders contemplated Fitch's downgrade of Italy's credit rating and the chance of a renewed European crisis.

Gold Climbs In Spite of Jobs Data, Strengthening U.S. Dollar

Gold futures advanced fractionally on Friday despite good new on U.S. job creation in February and a rising U.S. dollar.

Gold Futures Inch Higher on Weaker Dollar

Gold futures inched slightly higher in Thursday trading on better U.S. economic news and comments from the ECB head predicting modest eurozone growth this year.

Gold Inches Up as Equities Hit Record Highs

Rising economic optimism sent U.S. equities to record highs on Tuesday as gold posted a fractional gain.

Gold Flat As Economic Uncertainty Lingers

Gold was mostly flat in Monday trading as investors contemplated the potential effect of sequester spending cuts and a lack of new U.S. economic data.

Gold Slides to Third Straight Weekly Decline

Gold dipped in Friday trading on the eve of sequester-forced cuts in U.S. federal spending, marking its third straight weekly decline.

Gold Posts Fifth Consecutive Monthly Decline

Gold fell in Thursday trading on better U.S. economic news, ending February down 5% for its fifth straight monthly decline.

Sequester Fears Drive Gold Lower

Gold fell more than 1% in Wednesday trading as traders contemplated deep cuts in federal spending and a lack of new stimulus proposals from the Federal Reserve.

Gold Jumps on Bernanke Stimulus Remarks

Comments by Fed Chairman Ben Bernanke before the Senate Banking Committee that continued stimulus efforts were worth the risk sent gold higher on Tuesday.