GoldMoney News Desk

Just when some of the bruised-and-bloodied euro longs thought they might be out of the woods following the Spanish bailout deal, along comes the Greek election rerun. Daily withdrawals from the...

The “EUphoria” from the weekend’s Spanish bailout died out quickly yesterday, following news that Italy’s GDP fell 0.8% during Q1. Concerns that Italy is heading for the same...

Confirmation over the weekend that the Spanish government will receive €100 billion from eurozone rescue funds to help shore up Spain’s fragile banking system has lifted stocks and...

Another precious-metals scam has been uncovered in America. Sterling Precious Metals of Boca Raton, Florida, is being investigated by the feds and stands accused of bilking clients out of...

It was a day of two halves for markets yesterday, with the first half dominated by news that the People’s Bank of China (PBC) cut interest rates for the first time since December 2008, while the...

Stocks and commodities performed strongly yesterday, helped by chatter about plans for a eurozone “banking union,” whereby the European Commission in Brussels would take the lead on...

The “flight to safety” in the US dollar and Treasury market has eased somewhat over the last couple of days, amid hints that the European Central Bank could announce an interest rate cut...

Precious metals had a quiet day yesterday, with gold and silver both consolidating following Friday’s rally. Gold continues to face resistance at $1,625, while $28.50 remains a point of selling...

Latin America’s political shift to the Left is starting to have serious consequences as far as mining companies are concerned. In April the Argentine government renationalised the oil company...

Friday’s U.S. jobs report was a game changer as far as the gold market is concerned. Jobs growth in May was just 69,000, well below economists’ expectations of 150,000 gains, while...

The last 24 hours have been brutal for stocks, commodities and the euro, with news that depositors yanked close to €100 billion out of Spanish banks in the first three months of the year -- the...

“Spexit” – short for a Spanish exit from the eurozone – is the new word leaping off the tongues of market analysts, with investor attention centred on problems in the Spanish...

Since last autumn residents of the Peruvian region of Cajamarca – approximately 560 miles (900km) north of Peru's capital, Lima – have been protesting against Newmont Mining's “Conga...

Yesterday’s big news as far as gold was concerned was a Telegraph report stating that Germany could be about to get into the “cash for gold” business in a big way. Angela Merkel is...

US markets were closed yesterday for Memorial Day, but elsewhere in the world the show went on as per normal. The “show” at the moment remains dominated by the eurozone’s travails...

Gold had another decent day on Friday, rallying up from support at $1,550 to just shy of $1,575. Silver, platinum and palladium also rallied, somewhat surprisingly given that commodities and shares...