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By Ben Traynor |
May 7, 2013
Gold exchange traded funds saw their twelfth straight week of outflows last week, implying ongoing selling of their shares by investors. The largest gold ETF, SPDR Gold Trust, saw its total gold holdings fall to a 44-month low
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By Ben Traynor |
February 27, 2013
U.S. dollar gold bullion prices fell slightly in Wednesday morning's London trading, but held above the $1,600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed's ongoing quantitative easing policy "is providing important support to the recovery."
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By Ben Traynor |
February 25, 2013
"Support [for gold] sits at $1,522, the low from December 2011," says the latest technical analysis from Scotia Mocatta. "A break of that level will do significant damage to the long-term uptrend."
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By Ben Traynor |
February 11, 2013
The relationship between gold and equities has similarly eased...this suggests that gold's safe-haven properties are currently considered more dominant, and as such gold is considerably lagging the move in equities.
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By Ben Traynor |
February 1, 2013
Gold dropped 1% during Thursday's US session, in what one analyst describes as "a remarkable display of schizophrenic volatility." The S&P 500 by contrast has seen its best start to a year since 1997, rising 5.2% last month.
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By Ben Traynor |
January 21, 2013
Gold could climb to $1,825 an ounce over the next three months, according to a note from Goldman Sachs analysts Damien Courvalin and Alec Phillips.
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By Ben Traynor |
January 8, 2013
Wholesale gold bullion prices ended Tuesday morning in London at $1,655 per ounce, regaining ground lost yesterday to climb back to where it started the week, with dealers reporting signs of strong demand from India and China, the world's two biggest gold buying nations.
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By Ben Traynor |
November 12, 2012
Gold prices hovered just below $1,738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the euro traded near two-month lows against the dollar.
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By Ben Traynor |
November 2, 2012
Spot market prices to buy gold in dollars dropped to below $1,710 an ounce Friday morning, reversing gains from earlier in the week, while stocks and commodities fell and the US dollar rallied ahead of the release of key US jobs data.
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By Diane Alter |
October 19, 2012
Singapore currently controls roughly 2% of global gold demand and aims to grow that share to some 10% to 15% over the next five to 10 years. A market expansion is expected to increase global demand for gold and silver bars and coins in the fourth quarter.