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May 1, 12 •
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Comments Off on Gold Closes April At 1650
Gold prices declined to $1650 an ounce on to close the month, taking a breather after four day run upwards, as upcoming elections in France and Greece and a European Central Bank meeting later this week pressured the euro versus the dollar. The markets...
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Apr 27, 12 •
4337 Views •
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Comments Off on Gold Climbs On Dovish Fed
Gold climbed for a third day as weak U.S. employment figures disappointed and a softer tone for the dollar was set Wednesday after the Federal Reserve kept interest rates on hold and Fed Chairman Ben Bernanke said he remained willing to buy more bonds...
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Apr 23, 12 •
54310 Views •
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A day prior to the Hindu festival of Akshya Tritya, gold traders are expecting that sales would be around 25% more in the week as against the same period last year. “We are expecting a jump of around 25-28% in gold sale in terms of volume in...
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Apr 20, 12 •
3837 Views •
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Comments Off on Gold Is Waiting To Shine
Gold futures traded nervously on Wednesday, falling 0.7% to $1,639.6, on the eve of the Spanish and French bond auction, and recovered slightly to $1,641.4 by the end of Thursday. The s & P 500 fell 1% while the Stoxx fell 3.5% in the past 2 days. The US...
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Apr 18, 12 •
4114 Views •
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Comments Off on A Mid Day Look At Gold And Crude
Gold Spot gold almost paused overnight and is currently hovering near the 1650 level. Spain sold 3.18 billion Euros ($4.2 billion) of debt yesterday, compared with the maximum target of 3 billion Euros. The IMF increased its estimate for global growth in 2012...
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Apr 13, 12 •
4279 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on A Bearish Look At Gold
Gold has edged lower, extending losses made in the previous session, as the US dollar firmed on worries about Spanish debt yields and the pace of Chinese economic growth. The markets this morning seem to be all about risk aversion. Gold fell 1 per cent in the...
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Apr 11, 12 •
4118 Views •
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Comments Off on Why Did Gold Surge Yesterday
Gold ended up in late day trading yesterday, with investors continuing to seek a safe haven in the precious metal amid weakness in U.S. and global equity markets. As renewed concerns over the eurozone debt problems resurfaced with yields soaring in bond...
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Apr 10, 12 •
4119 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Quantitative Easing The Fantasy Of Gold Speculators
Gold prices have risen as traders speculated that last week’s US unemployment report increased the likelihood that the Federal Reserve would maintain its accommodative policy to boost the economy. The heaviest traded contract, for June delivery, rose...
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Apr 9, 12 •
4738 Views •
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Gold gained more than 1/2% on Monday after disappointing and confusing US jobs data revived hopes for further monetary easing, while appetite for the metal was also boosted as China inflation spiked. China’s inflation edged up in March as the...
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Apr 5, 12 •
4509 Views •
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Comments Off on Gold Price Plunges To Reality
Gold has plunged to its lowest level in three months. Gold fell almost $US58 to $US1, 614 per ounce on Wednesday. It has declined 15% since September 2011, when it hit a peak of $US1, 907 The tumble brought a nasty day to the stock market – the Dow...
