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By Mark O'Byrne |
March 22, 2013
Gold is slightly lower in all major currencies this morning but remains near a 4 week high, underpinned by safe haven demand due to concern of a financial meltdown in Cyprus and the risk of contagion in other European countries.
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By Jon Nadler |
October 4, 2012
Gold moved $10 higher ahead of the ECB rate announcement and it once again neared the Monday high. Silver added $30 cents and traded just above the $35 level. Market participants continue to target the $1,800 and $35.50 closing levels in the gold/silver duo.
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By Nick Barisheff |
July 19, 2012
For protection from impending economic Armageddon, investors are turning in increasing numbers to the traditional safe haven of precious metals. Unfortunately, many don’t know how to purchase or store bullion, and consequently may find themselves vulnerable to financial collapse.
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By Mark O'Byrne |
June 13, 2012
Gold edged up again today as Spain’s 10-year bond yield’s hit a euro-area high nearing the 7% level, which led investors to question Madrid’s access to the bond markets. Italy’s bond sale is scheduled for Thursday.
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By Ben Traynor |
December 7, 2011
Gold prices fell to $1,721 per ounce by Wednesday lunchtime in London - 1.4% down for the week so far - while stocks and commodities gave up early gains. Silver prices drifted down to $32.23 per ounce - 1.2% down on the start of the week.
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By Ben Traynor |
September 2, 2011
Gold prices climbed more than 2% following the start of trade in London on Friday - breaching $1,876 per ounce around lunchtime - after the publication of weak US jobs data. Nonfarm payroll data showed the US economy added no jobs in August
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By Jon Nadler |
July 13, 2011
Metals markets opened firm and continued firmer on Wednesday as reverberations of the European crisis coupled with the parsing of the Fed's meeting minutes prompted additional buying by momentum players as well as the retail investor segment.
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By Adrian Ash |
June 15, 2011
Here's a turn up. Eurozone central banks have stopped selling and started buying gold so far in 2011. Only by EUR6 million mind you, and all of it in coin according to the European Central Bank's weekly statements. But this net gold buying still stands.
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By Mark O'Byrne |
March 1, 2011
Silver has risen another 1.4% today to a high of $34.44/oz and above the 31-year interday high of $34.33/oz reached last Tuesday (Feb. 22). Silver is higher in all currencies this morning, especially the Japanese yen.
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By Jon Nadler |
June 18, 2010
Gold prices broke above the $1,252 resistance zone and surged ahead to near $1,260 the ounce, well ahead of the New York market's opening on Friday.