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By Austin Kiddle |
January 11, 2013
Comex gold futures jumped 1.36% on Thursday to reach $1,678/oz., gaining 1.76% this week. Better than expected Chinese exports data cheered the stock, gold and commodities markets.
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By Jon Nadler |
June 13, 2012
The midweek session in precious metals opened with some price softness across the complex but the situation soon shifted a bit towards the firmer side of prices (at least in gold which rose to near $1,620 an ounce) as poor US May retail sales data once again rekindled QE “Fedspectations.”
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By Jon Nadler |
June 11, 2012
Spot metals dealings in New York this morning opened on the plus side for all components in the complex but gold. The yellow metal was quoted at $1,591 down about $3 while silver climbed 15 cents to $28.68 the ounce.
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By Jon Nadler |
June 6, 2012
Gold prices added over 1% ahead of the ECB rate-setting meeting this morning as the post US jobs data-sparked Friday rally continued to unfold. The gold market’s net speculative length is at or very near multi-year lows.
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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Ilya Spivak |
April 10, 2012
Commodity prices continue to reflect sour global growth expectations coupled with rebuilding hopes for additional Federal Reserve stimulus. Cycle-sensitive crude oil and copper on the defensive while gold and silver edge higher.
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By Jon Nadler |
April 4, 2012
This morning, the meltdown continued in gold, but this time, unlike during yesterday’s after-hours electronic trading, silver and the noble metals joined gold and fell hard as well. Once again, the only green color to be seen was the net change in…the greenback.
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By Jon Nadler |
September 1, 2011
September's first trading session got off to a mixed start in the precious metals' complex as traders were on hold for the release of US economic data and as they were digesting similar bits of information already in the pipeline from overseas.
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By Jon Nadler |
May 16, 2011
As trading action got underway in New York this morning, the commodities' sector was still exhibiting some weakness and a predilection for selling among players, despite a largely dormant US dollar.
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By Jon Nadler |
March 30, 2011
The midweek trading session in precious metals had something to offer to everyone, but most of all to the many platinum fans out there. Spot gold prices oscillated between gains and losses and silver rose in value.