Gold Prices Eke Out Gain on Hopes of Greek Bond Swap

NEW YORK (TheStreet ) — Gold prices reversed directions Thursday and eked out a gain on a Reuters report that a Greek bond swap deal could be completed over the weekend.

Gold for April delivery closed up 30 cents at $1,728.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,731.10 and as low as $1,706.70 an ounce, while the spot price was up $1, according to Kitco’s gold index.

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Gold Prices Push Higher Despite Stronger Dollar

NEW YORK (TheStreet ) — Gold prices rose Wednesday along with the dollar as the two resumed their safe haven status.

Gold for April delivery added $10.40 to close at $1,728.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,739.20 and as low as $1,720.30 an ounce while the spot price was adding $6, according to Kitco’s gold index.

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Warning Signals

I don’t like the action in Apple or the coal transporters.

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Gold Prices Struggle as the Dollar Gains Appeal

NEW YORK (TheStreet ) — Gold prices closed lower Tuesday after waffling for most of the session as investors moved toward the safety of the dollar and left gold on the sidelines.

Gold for April delivery closed down $7.20 at $1,717.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,729.90 and as low as $1,713.80 an ounce while the spot price was shedding $6, according to Kitco’s gold index.

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Gold Prices Close Flat on Greek Debt Deal (Update 1)

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NEW YORK (TheStreet ) — Gold prices closed flat Monday after investors were uninspired by Greece’s debt deal.

Gold for April delivery lost 40 cents at $1,724.90 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,735.40 and as low as $1,717.70 an ounce while the spot price was up $2, according to Kitco’s gold index.

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Greece Debt Woes Hammer Gold Prices (Update 1)

NEW YORK (TheStreet ) — Gold prices were hammered Friday as Greece was unable to secure its second bailout, violence erupted in Athens and as China imports slowed in January.

Gold for April delivery shed $15.90 at $1,724.10 an ounce at the Comex division of the New York Mercantile Exchange. Gold managed to close off of its session lows. The gold price has traded as high as $1,737.20 and as low as $1,706.40 an ounce while the spot price was down $10, according to Kitco’s gold index.

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Why Warren Buffett Is Wrong on Gold

NEW YORK (TheStreet ) — Warren Buffett, legendary investor and head of Berkshire Hathaway, has slammed gold, yet again, saying it doesn’t have any use and isn’t procreative.

In an adaption of his upcoming shareholder letter published on Fortune’s Web site, Buffett rips into the intelligence of owning gold, saying that real demand for gold, defined as industrial and decorative, is incapable of soaking up new production and that the gold you own doesn’t “do” anything. At the end of the day, gold is just an ounce of gold worth whatever someone is willing to pay for it.

Buffett does acknowledge that gold’s 10-year bull market has been helped by the multiplication of fear in the marketplace, which triggered a flood into the hard asset. But he writes this rally off by saying that “as ‘bandwagon’ investors join any party, they create their own truth — for a while.”

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Gold Prices Settle Higher on Greek Debt Deal (Update 3)

NEW YORK (TheStreet ) — Gold prices were volatile Thursday but were able to eke out a gain after Greece secured a debt deal and as the Bank of England pumped more money into the system.

Gold for April delivery added $9.90 at $1,741.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,755.50 and as low as $1,728.30 an ounce while the spot price was down $5, according to Kitco’s gold index.

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Gold Prices Fall on Greek Debt Drama

NEW YORK (TheStreet ) — Gold prices tracked the euro lower Wednesday as the market was jittery waiting for a Greece debt deal.

Gold for April delivery closed down $17.10 at $1,731.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,754.80 and as low as $1,729.10 an ounce while the spot price was shedding $14.80, according to Kitco’s gold index.

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Gold Prices Rebound After Two-Day Dip (Update 1)

NEW YORK (TheStreet ) — Gold prices popped higher Tuesday, shaking off a two day decline that left the metal down 2%.

Gold for April delivery rose $23.50 to close at $1,748.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,750.30 and as low as $1,712.60 an ounce while the spot price was adding $28, according to Kitco’s gold index.

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