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By Austin Kiddle |
May 1, 2013
Gold investors are keenly watching the direction of the gold-backed ETP holdings, which fell 174 metric tons or 7.1% in April to 2,275.84 metric tons. The SPDR gold holdings fell to a 43-month low to 1,078.54 tons at the end of April.
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By Ben Traynor |
April 30, 2013
Following a dip during Asian trading, the gold price climbed back above $1,470 per ounce Tuesday morning in London, broadly in line with where it was a day earlier, with China's markets shut for this week's Labor Day holiday.
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By Mark O'Byrne |
April 30, 2013
Australia’s Perth Mint, the largest refinery in Australia and one of the largest in the world, said that demand has jumped to the highest level since the Lehman crisis in 2008.
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By Austin Kiddle |
April 26, 2013
U.S. Comex gold futures surged 4.76 % to $1,462.0 on Thursday, about 6.6 % below the closing level of 11 April before the rout occurred
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By Ben Traynor |
April 24, 2013
The U.S. dollar gold price drifted back down towards $1,420 per ounce Wednesday morning in London, around 1.3% up on the week so far, amid ongoing reports of strong demand for physical gold bullion.
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By Jeb Handwerger |
April 23, 2013
A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners. It now appears Goldman Sachs (GS) is covering its short on gold as it rebounds above $1,400.
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By Godfrey Marawanyika and Franz Wild, Bloomberg |
April 22, 2013
The government in Zimbabwe, which has the world’s second-biggest platinum deposits, is preparing a law allowing it to seize controlling stakes in companies without compensation, according to a draft of the legislation.
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By Ben Traynor |
April 19, 2013
Wholesale gold prices rallied above $1,400 an ounce Friday morning, with analysts continuing to point to strong demand for physical bullion following gold's sharpest weekly price fall in more than four years.
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By Austin Kiddle |
April 19, 2013
Market's concerns have shifted to equities after the gold's downturn. U.S. stocks peaked in April in the past three years and declined for the next two to six months.
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By Ben Traynor |
April 18, 2013
Wholesale prices for buying gold climbed briefly above $1,400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.