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By Brian Sylvester |
December 27, 2012
Many gold analysts are forecasting much higher gold prices in 2013 but the senior commodity analyst at the CPM Group says he believes all of the positive gold fundamentals, such as global turmoil, are already factored into the gold price.
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By Peter Cooper |
December 6, 2012
Gold buying by the global central banks will hit a new high this year of more than 500 tons up from 465 tons in 2011, according to data compiled by the World Gold Council. Only Tuesday the Bank of Korea announced that its gold reserves rose by 14 metric tons.
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By Don Miller |
October 5, 2012
With governments all over the planet buying up gold over the past five years, it's no wonder gold prices have risen 142% since 2008. Central banks bought 254.2 tons in the first half of 2012 and may add close to 500 tons for all of 2012.
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By Ben Traynor |
September 25, 2012
Spot market gold bullion prices traded around $1,765 an ounce Tuesday morning in London, 1.8% off last Friday's seven-month high. Stock markets were also broadly flat as major government bond prices gained, while the euro recovered early losses.
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By Peter Cooper |
July 17, 2012
Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year at 445 tonnes. Central banks know that protection for their deposits against their own money printing is gold.
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By Roman Baudzus |
July 12, 2012
Last summer’s record high gold prices encouraged many Aussie mining firms to start higher-cost gold extraction which results in a smaller number of ounces being produced. Adverse weather conditions at the start of the year also hurt Q1 production.
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By Adrian Ash |
May 24, 2012
The wholesale price of gold investment bars rose 2.0% from yesterday's low to reach $1,569 per ounce in London Thursday morning, recovering from $1,535 for the fourth time since gold hit all-time peaks above $1,900 in late-summer 2011.
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By Adrian Ash |
May 21, 2012
Spot gold prices touched a seven-session high just shy of $1,600 per ounce in London's wholesale market early Monday, falling back to last week's finish at $1,593 as European stock markets rose for the first time in 10 days.
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By Mark O'Byrne |
March 20, 2012
Gold dropped in Asia this morning and losses continued in Europe where gold is now trading at $1,649.90/oz. The superficially rosy US economic outlook has dimmed gold’s safe haven appeal for speculators and some investors.
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By Frank Holmes |
June 22, 2011
Central banks have been on a gold buying spree and that could soon be matched with other global banks if gold's quality as an asset gets upgraded to Tier 1 status by the Basel Committee on Banking Supervision.