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Mar 26, 12 •
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Forex Precious Metals, Forex Trading Articles •
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Comments Off on Fed Chair Bernanke Sends Gold Soaring (Again)
Gold sky-rocketed Monday as speculators took profits on a speech by U.S. Federal Reserve Chairman Ben Bernanke earlier in the day, taking it as an indication that loose monetary policy is set to continue. Gold rose 26.95 to hit 1691.75. That’s the...
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Mar 19, 12 •
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Forex Precious Metals, Forex Trading Articles •
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UBS, the Swiss investment bank has lowered its 1-3 month forecasts for gold in expectation of a viable worldwide industrial recovery, particularly in America. The bank expects gold costs to average $1,550 in the following one month, just about 13% lower from...
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Mar 15, 12 •
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Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Looking For A Bottom
Gold regained some power this morning after a drop in the prior session attracted bargain hunters and bottom feeders, but a robust dollar and fading expectancies of more financial easing in the USA made the metal exposed to more selling. The physical market...
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Mar 13, 12 •
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Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Starts The Week Off Lower
Gold turned lower in yesterday’s session after stocks reversed gains and the US dollar rallied to the highest in more than a month, but some traders opted to remain on the sidelines before a US Fed Reserve (FOMC) meeting tomorrow, that might weigh on the...
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Mar 8, 12 •
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Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Could Get Its Glimmer Back
Gold rose just about 1% on Thursday, following the Euro and US shares for a second day of gains, as positive market sentiment grew due to an anticipated conclusion of a Greece’s bond deal boosted financial markets generally. Gold traded up as Greece...
