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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 previous session, as a selloff in riskier assets […]
A Bearish Look At Gold Read More »
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 auctions in Italy and Spain. Investors started to worry if the newly approved
Why Did Gold Surge Yesterday Read More »
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 $US 13.80, or 0.9 per cent, to close on Monday at $US 1,643.90 a troy ounce. Markets remained
Quantitative Easing The Fantasy Of Gold Speculators Read More »
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 government shifted focus from containing politically dangerous price rises to stimulating its slowing economy. The
Gold Continues To Shine On Back Of QEIII Read More »
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 Jones industrial average lost 125 points.
Gold Price Plunges To Reality Read More »
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 highest settlement in nearly two weeks. Investors were buying up gold futures last
Fed Chair Bernanke Sends Gold Soaring (Again) Read More »
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 a prior outlook of $1,775 per oz., even though it has reduced its
UBS Revises Gold Forecast Down Read More »
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 lacked activity as commercial users looked for a deal, while bullion holders
Gold Looking For A Bottom Read More »
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 shiny metal. Gold has risen more than 9% this year,
Gold Starts The Week Off Lower Read More »
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 moved nearer to wrapping up its bond swap with PSI bond holders
Gold Could Get Its Glimmer Back Read More »
