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 Tumbles on Talk of End to Fed Stimulus

News that Federal Reserve officials discussed ending economic stimulus efforts early at its December policy meeting sent gold tumbling in Thursday trading.

Deal to Avert Fiscal Cliff Sends Gold Higher

An approved deal to avoid the fiscal cliff buoyed stocks and metals alike Wednesday, as gold and silver futures headed north.

Gold Posts Weekly Loss as Budget Talks Continue

Gold sank in Friday trading as negotiations in Washington to avert the U.S. fiscal cliff entered a last minute frenzy, leaving the metal with a weekly loss.

Gold Rises as U.S. Poised to Go Over Cliff

Gold rose in Thursday trading after Senate Majority Leader Harry Reid told reporters that the U.S. was likely to go over the fiscal cliff.

Gold Inches Higher in Low Post-Holiday Trading

Gold traded up fractionally in light post-Christmas trading as investors looked for signs of a U.S. budget deal and London markets were closed.

Gold Rises on U.S. Budget Standoff, Posts Weekly Loss

Gold gained in Friday trading after U.S. budget talks appeared to reach a new impasse and Congress departed for the holidays, but was down for the week.

Gold Plunges on Hedge Fund Selling, Budget Deal Hopes

Gold fell sharply in Thursday trading, dropping below $1,650 an ounce, as hedge funds sold their positions and signs of progress emerged in U.S. budget talks.

Gold Dips Again on Profit-Taking, Budget Talks

Gold slipped lower in Wednesday trading on institutional profit-taking and the lack of a U.S. budget deal.

Gold Hits Three-Month Low on Cliff Progress

Gold futures dropped in Tuesday trading as news of progress in U.S. budget talks dampened investor enthusiasm for the metal.

Gold Flat as U.S. Budget Talks Move Forward

Gold ended Monday trading almost unchanged as investors contemplated apparent progress in U.S. budget negotiations.

Gold Posts Third Straight Weekly Retreat

Gold finished the week down 0.5%, its third straight weekly loss, despite yesterdays news of more Federal Reserve economic stimulus.

Institutional Selling Sends Gold Tumbling

Gold dropped sharply in Thursday trading as rising fears that the U.S. will go over the fiscal cliff prompted a wave of institutional futures selling.

Gold Sent Higher on Fed’s QE Plans

Gold gained on Wednesday after the Federal Reserve said it would continue quantitative easing.

Gold Slips on Boehner Budget Remarks

Gold slipped in Tuesday trading, ending three days of gains, after U.S. House of Representatives Speaker John Boehner signaled optimism in U.S. budget talks.

Gold Rises on Federal Reserve Expectations

Gold rose modestly in Monday trading as investors anticipated an announcement of more stimulus efforts from this week's Federal Reserve meeting.

Gold Rallies After Drop in Jobs Data

Gold closed back over $1,700 an ounce on Friday as investors set aside good news on U.S. employment and focused on next week's Federal Reserve meeting.

Gold Rises on ECB Comments

Gold rose modestly in Thursday trading as investors awaited tomorrow's U.S. payroll report and comments from the ECB prompted hope for new interest rate cuts.

Gold Dips on Lowered Goldman Price Target

Gold moved lower in Wednesday trading after Goldman Sachs cut its twelve-month price target for the metal to $1,800 an ounce.

Gold Retreats on U.S. Fiscal Impasse

Gold fell in Tuesday trading as investors saw hardening positions on both sides of U.S. budget talks and dwindling chances of avoiding the fiscal cliff.