The already weak economy of Iran faces additional pressure after the European Union banned all oil imports from Iran effective July 1.   The EU actions support a U.S. directed effort to embargo Iranian oil and sanction the Iranian banking system, effectively freezing Iran out of the international financial system. The moves by the United State [...]
Gold and Silver Blog

NEW YORK (TheStreet ) — Gold prices plunged Wednesday as investors piled into stocks for the first time this month.

Gold for December delivery plummeted .70 to settle at ,817.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as ,883.20 and as low as ,798.60, while the spot gold price was down , according to Kitco’s gold index.

Gold Prices Tank as Investors Rush to Stocks

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