Gold Price Record

Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Push Up As Gold Breaks $1,400

Major gold miners Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM) are all pushing up today, led by Barrick, which soared over 3 percent as gold prices soared past $1,400 an ounce.The gold news going forward will largely be the effects of quantitative easing on the price of gold, as well as the U.S. dollar, which usually move inversely to one another.Ben Bernanke

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Gold Ready to Break $1,400 an Ounce

Gold continues to press toward the $1,400 an ounce mark as on Friday it traded as high as $1,398 before pulling back. While not unprecedented, especially over the last year, gold did remain strong in light of the fact the U.S. dollar also showed strength, which usually carry an inverse relationship to one another; gold goes up when the dollar goes down and the reverse as well. What determines

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Golden Star (AMEX:GSS), Aurizon (AMEX:AZK), Agnico-Eagle (NYSE:AEM) Driven Up by Rising Gold Prices

Golden Star Resources (AMEX:GSS), Aurizon Mines (AMEX:AZK), Agnico-Eagle (NYSE:AEM) share prices soar on exploding gold prices, as gold prices surge again to record levels on terrible Federal Reserve policies. As the trading day went on on Thursday, spot gold prices started to approach the $1,400 an ounce mark, reaching $1,393.40 at 4:00 PM EDT, a gain of $44.60 at the time. The U.S. dropped

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Hecla (NYSE:HL), Coeur d’Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) Rise on Fed’s QE2

Hecla (NYSE:HL), Coeur d’Alene (NYSE:CDE), Compania de Minas (NYSE:BVN) all surged Thursday on the actions of the Federal Reserve which will inflate the economy, driving up the broader commodity market, along with individual companies within each sector, including silver miners.The majority commodity prices rose, including silver, which rose to over $26 an ounce. Gold prices rose to all-time

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Gold Prices Today Explode in a Delayed Reaction to Fed’s QE

Everyone was waiting to see how long it would take the market to punish the U.S. dollar and reward gold and silver investors, and it happened today, as prices have soared to over $1,380 an ounce, another new record.Gold prices before the anticipated announcement had been more benign than expected, and even though no one believed there wouldn’t be another round of quantitative easing by the

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Freeport (NYSE:FCX) Fair Value Raised by Morningstar (Nasdaq:MORN)

Morningstar (Nasdaq:MORN) said they are raising their fair value estimate for Freeport-McMoRan (NYSE:FCX) by $4 a share on the soaring price of gold. “We are raising our fair value estimate for Freeport-McMoRan FCX by $4 per share to reflect the rapid appreciation we’ve seen in gold over the past few months. In contrast to our long-term price forecast for copper, which is informed by our view of

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Eldorado (NYSE:EGO), Gammon (NYSE:GRS), Ivanhoe (NYSE:IVN) Surge on Gold Prices Soaring

Eldorado Gold Corp Ltd (NYSE:EGO); Gammon Gold Inc. (NYSE:GRS) Ivanhoe Mines Ltd (NYSE:IVN) are all moving higher with more record gold prices today, as the economic conditions remain conducive to ongoing gold strength.Gold skyrocketed to another record high Wednesday, exploding to as high as $1,375.70 for December delivery. Spot gold was up over $20, rising to $1,370.70 at a little after 1:30 PM

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Freeport (NYSE:FCX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Soar on Rising Gold Prices

Freeport-McMoRan Copper & Gold (NYSE:FCX), Newmont Mining (NYSE:NEM) and Goldcrop (NYSE:GG) made nice upward moves today as the price of gold soared to another record high, with December delivery gold prices reached as high as $1,375.70.Spot gold was at $1,370 a 1:25 PM EDT.Freeport was among the leaders in the sectors, pushing up to $99.45, gaining $4.32, or 4.45 percent at 1:25 PM EDTGoldcrop

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Morgan Stanley (NYSE:MS) Raises Gold Projection for 2011

As gold prices continue to break records on a weekly basis, projections continue to rise based on a number of factors, and Morgan Stanley (NYSE:MS) has raised its forecast for gold prices in response. Morgan Stanley, “Accelerating weakness in the U.S. currency, driven by fears of renewed quantitative easing to confront sluggish U.S. growth, is proving to be a boon to commodity markets.” At a

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Goldman (NYSE:GS) Economic Report Support Gold Price Moving Up

Almost everything reported concerning the U.S. economy today confirms the ongoing recession, and Goldman Sachs (NYSE:GS) believe there’s no doubt the Federal Reserve will inflate via quantitative easing, adding more support to gold, although that’s probably priced into the price of gold at this time. How much it’s priced in will be determined by what the Federal Reserve does and to what extent.

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Gold Futures Break $1,340 Today on Quantitative Easing Assumptions

There seems to be know doubt from the market that the Federal Reserve is going to foolishly launch another round of quantitative easing, further debasing the value of the U.S. dollar. That has gold prices continuing to break records in anticipation of the event, surpassing $1,340 today. What is even more important for those who understand the significance of this, is it’s not only the U.S.

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Gold Prices Shine for Eighth Straight Quarter

For the eighth quarter in a row gold prices have ended in positive territory, as everything which supports gold remains in place. Adding to the recent push is the realization we’re still in a recession, and a long way from emerging from it. That means the inevitable interference of the government via quantitative easing, where they waste money by attempting to throw it at the problem again, even

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