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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: gold prices

gold prices stories: 16 news summaries

 Harrods Now 
 Selling Gold Bars 

London emporium offers bullion to luxe-loving shoppers

Oct 15, 09 5:05 AM CDT
(Newser) - The world's most over-the-top department store has taken bling to a new level. Beginning today, shoppers at Harrods, the London emporium owned by Egyptian billionaire Mohamed al-Fayed, can buy gold bars and coins over the counter. The store has teamed with a Swiss bank to arrange for customers to purchase... More »

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London • shopping • gold • department stores • gold prices • Mohamed Al-Fayed • Harrods

MARKETS

 Dow Up 56 on Oil, Gold 

Energy firms rise as oil adds $3.08

Sep 8, 09 3:21 PM CDT
(Newser) - Stocks posted solid gains today as commodity prices rose, the Wall Street Journal reports. Oil jumped $3.08 to $71.28 a barrel and gold crossed the $1,000-an-ounce mark. Commodity-producing stocks Exxon, Chevron, and Alcoa all saw gains as a result. The Dow added 56 points to close at... More »

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Chevron • Dow Jones • Nasdaq • oil price • S&P 500 • gold prices • Exxon Mobil

MARKETS

 Dow Climbs 64 as 
 Investors Await Jobs Report 

Fear of Sept. stock pullback drives gold to 6-month high

Sep 3, 09 3:20 PM CDT
(Newser) - Stocks jumped today on the strength of blue-chip financials after mostly idling. Volume was low as investors waited for the government’s monthly employment report, due tomorrow, the Wall Street Journal reports. AIG and Citigroup rose, while safe-haven buying pushed gold to almost to $1,000 an ounce, a level... More »

MORE ABOUT:
Citigroup • Dow Jones • Nasdaq • AIG • S&P 500 • gold prices • employment report

MARKETS

 Dow Slips 30 on Jobs Data 

Rise in materials stocks offsets jobs news

Sep 2, 09 3:23 PM CDT
(Newser) - Stocks closed with modest losses today as advances in materials stocks helped offset disappointing data on jobs, the Wall Street Journal reports. The private sector shed 298,000 jobs in August, more than forecast. The materials sector of the S&P 500, however, advanced as gold futures hit a 3-month... More »

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Dow Jones • unemployment • Nasdaq • S&P 500 • gold prices

 Strapped Californians 
 Pan Like It's 1849 

Soaring gold prices and a lousy economy have many hoping to strike it rich

Apr 3, 09 2:09 AM CDT
(Newser) - The miserable state economy and the soaring price of gold have sent Californians back into them thar hills, USA Today reports. Prospecting clubs all over the state report a huge jump in the number of people panning for gold just as a 10.5% unemployment rate has left cash-strapped residents... More »

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California • recession • gold • gold prices • prospector

(Newser) - Up and down the East coast, cash-strapped shoppers are trading in gold and silver, not at pawn shops, but at the mall, the Boston Globe reports. Merchants at kiosks buy the precious metals for less than half of market value, but customers are still pouring in. “It's certainly... More »

MORE ABOUT:
recession • mall • gold • jewelry • gold prices • financial crisis • economic downturn

 World Stocks 
 Jump on China 
 Spending Spree 

Asia, Europe advance after Beijing announces $6B stimulus package

Nov 10, 08 4:43 AM CST
(Newser) - China's announcement yesterday that it would spend nearly $600 billion to stimulate its economy gave a much-needed jolt to worldwide markets today. The Nikkei in Tokyo and Hang Seng in Tokyo both gained around 6%, while European exchanges also opened higher. China's spending spree also pushed up the price of... More »

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China • Nikkei • Hang Seng • oil price • economic stimulus package • gold prices

 Forget Tupperware, 
 Gold Parties Are In 

Cash-strapped consumers flock to parties featuring wine, nibbles, and cash for gold

Oct 31, 08 2:27 AM CDT
(Newser) - Gold parties are taking off nationwide as Americans squeezed by the economy seek extra cash, Marketwatch reports. Partygoers bring along any unwanted gold jewelry they have lying around the house, sip wine and chat while it is appraised by experts, and leave with money in hand. Many go home with... More »

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parties • gold • jewelry • gold prices

Analysis

You 'Can't Afford Not to Own Gold'

Cramer urges investors to store value in gold
as it surges past
$900 an ounce

Sep 22, 08 8:35 PM CDT
(Newser) - Investors simply "must own gold" in financially shaky times like these, Jim Cramer said on his Mad Money TV show today—after gold spiked 16% in the last week and topped $900 an ounce. Cramer called gold a safe haven regardless of whether Treasury Secretary Henry Paulson's $700 billion... More »

MORE ABOUT:
Henry Paulson • stocks • Jim Cramer • gold prices

(Newser) - Michael Phelps’ eight Olympic golds may be priceless, but they're not worth that much to a commodities trader, MarketWatch notes. This year's gold medals are made mostly of silver and coated with less than a quarter-ounce of gold, putting their value around $215. But people are, of course, willing to... More »

MORE ABOUT:
Michael Phelps • 2008 Beijing Olympics • gold prices • metal prices • gold medal • silver • commodity prices

Serial Thieves Swipe $2.5M in JCPenney Gold

As price climbs, all
that glitters is gone in series of Calif. heists

May 14, 08 11:17 AM CDT
(Newser) - California police are hunting a gang of gold thieves raiding JCPenney stores across the state, the Los Angeles Times reports. The gang has struck 11 times in 18 months to grab $2.5 million in jewelry, and they've been getting busier as the price of gold continues to climb. Cops... More »

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California • JCPenney • theft • thief • gold • jewelry • gold prices

 Are Wall Street Banks 
 Ready to Risk Again? 

Return to corporate bonds among likely signs crisis is easing

Apr 28, 08 9:48 AM CDT
(Newser) - Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert. More »

MORE ABOUT:
Citigroup • housing market • Bear Stearns • Merrill Lynch • gold prices • economy • JPMorgan Chase

 IMF OKs $11B Gold Sale 

Global lender will also cut staff, change biz model

Apr 8, 08 2:40 AM CDT
(Newser) - The International Monetary Fund has approved the sale of 400 tons of gold from its massive reserves for an expected $11 billion, the Financial Times reports. The global lender also plans to slash up to 15% of its workforce to improve its finances, which have been hit by falling demand... More »

MORE ABOUT:
IMF • global economy • gold • banking • gold prices

 Eureka! New Gold Rush Is On 

Tens of thousands scour the West as prices boom

Apr 5, 08 11:39 AM CDT
(Newser) - A new generation of prospectors is partying like it’s 1849: Record prices and a simple desire for outdoor fun are drawing thousands westward in a new gold rush, the New York Times reports. “Anywhere gold has been found in the past, that’s where they’re going again,... More »

MORE ABOUT:
gold • gold prices • gold rush • prospector

Oscar Gold Glitters, Costs a Mint

Gilded statue's price goes from $400 to $500 as gold jumps 40%

Feb 22, 08 11:23 AM CST
(Newser) - They’re worth their weight in gold to actors. And this year’s Oscars—carrying a gilding of pure gold—will cost the Academy of Motion Picture Arts and Sciences about $500 each, up $100 from last year's 13 1/2-inch tall, 8 1/2-pound statuettes. The price of gold has soared... More »

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Academy Awards • gold • Academy of Motion Picture Arts and Sciences • gold prices • Oscar statue • Oscars

At $832 an Ounce, All That Glitters Is Gold

Economic uncertainty drives price toward 1980 highs

Nov 12, 07 3:05 PM CST
(Newser) - Gold’s lure as a safe haven from economic upheaval has Wall Street worried that investors are turning their backs on the markets, reports the LA Times. Gold prices have pushed steadily toward $850 an ounce, a level it hasn’t seen since 1980. "The markets' statement is that... More »

MORE ABOUT:
global economy • investment • gold • commodities • gold prices

16 Stories


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