"Capitulation” in play as gold falls down 8% in July. Gold failed to maintain an early rise yesterday, slipping to a new multi-year low in New York trading hours before extending those losses overnight. If gold ends down again today, it will have fallen in 9 out of ten sessions over the last couple of weeks.
Investors begin 'capitulation' selling of EM, gold, resources. Investors are dumping billions of dollars worth of gold, commodities and emerging market assets in a wave of "capitulation" selling, Bank of America Merrill Lynch said on Friday.
The collapse in global iron ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire. Like producers in Brazil and some in China, she can still profit from the metal.
Venezuela's gold reserves are back in focus after a Bank of America economist was given a tour of the central bank's underground gold vault in Caracas and allowed to view the bank's considerable gold holdings.