GOLD PRICE NEWS – The gold price rallied $4.00 to $1,390 per ounce Wednesday on the back of comments from European Central Bank (ECB) President Jean-Claude Trichet that indicated the ECB may step up its purchases of sovereign debt of struggling European nations. Stock prices surged as the gold price climbed within striking distance of $1,400 per ounce on the news out of Europe – and on... More...

The famous discovery in 1922 by Howard Carter of Tutankhamen’s burial chamber and gold treasure sparked a worldwide interest in Ancient Egypt and the ancient pharaohs. The hordes of gold bullion treasure found with the mummies still amazes people across the globe. Manchester’s Trafford Centre is putting on a rich display of replica gold treasures from the Tutankhamen tomb in December. ... More...

Reuters reports today that Gold slipped on Wednesday as speculators booked profits. Gold bullion prices rose to a two week high yesterday (Tuesday 30th November.) Gold bullion priced in the euro didn’t do quite as well because of worries about the debt crisis in Europe. After the IMF bailout of Ireland, there are market concerns that other European countries such as Portugal and Spain co... More...

India gold hit a record high on Wednesday, keeping traders away from placing fresh deals in the middle of the wedding season, dealers said. "Sales have been nil so far as it is a new high, there were a few deals yesterday," said a dealer with a state-run bullion dealing bank. Gold on the Multi Commodity Exchange (MCX) was trading at 20,590 rupees per 10 grams at 1:01 a.m., after ... More...