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By Austin Kiddle |
June 19, 2013
For the Fed's meeting, gold investors will watch out for the conditions under which the bond purchases will be reduced, the Fed's outlook for the interest rates as well as the Fed's projections of the inflation and the unemployment rate.
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By Elizabeth Campbell, Bloomberg |
June 17, 2013
Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson.
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By Ben Traynor |
June 17, 2013
The last weekly COT report to show money managers betting on aggregate against the silver price were published in April -– prior to that no managed money net short silver position had been published since September 2007.
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By Ben Traynor |
June 14, 2013
Wholesale gold bullion prices continued to hover near $1,380 an ounce Friday, while silver traded either side of $21.80 an ounce and stocks and commodities ticked higher, regaining some of the ground lost this week.
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By Mark O'Byrne |
June 14, 2013
James Steel, chief commodities analyst at HSBC in New York continues to be constructive on gold in the medium and long term and sees gold rising to $1,600/oz in the second half of 2013.
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By Joe Carroll and Edward Klump, Bloomberg |
June 14, 2013
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.
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By Austin Kiddle |
June 14, 2013
The number of bearish gold traders has increased the most since a month ago. The gold-backed ETP holdings fell to a two-year low of 2,117.96 metric tons on Thursday.
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By Ben Traynor |
June 13, 2013
Gold prices rose as high as $1,394 an ounce during Wednesday's Asian trading, before easing back by lunchtime in London, as European stock markets also fell, following selloffs in the US and Asia.
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By Mark O'Byrne |
June 13, 2013
The U.S. Mint has sold 1,628,000 ounces of silver coins so far in June, according to figures on the Mint’s website. At that pace, total sales for the month would be 4,651,429 ounces, up 62.8% from a year earlier.
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By Nicholas Larkin and Debarati Roy, Bloomberg |
June 13, 2013
Silver is punishing investors amid diminishing trust in precious metals as a store of wealth and concern that growth is weakening, with $5.2 billion erased from the value of their near-record holdings this year.