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By Adrian Ash |
May 23, 2013
Both gold and silver rose in Asian and London trade Thursday morning, defying a sharp slide in global stock markets to gain 3.0% rally from yesterday's sharp sell-off.
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By Ben Traynor |
May 10, 2013
Spot market gold bullion prices fell to two-week lows Friday, drifting lower toward $1,440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
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By Adrian Ash |
May 9, 2013
Spot gold prices slipped back below $1,470 per ounce Thursday morning in London, drifting as world stock markets failed to follow Wall Street higher, where equities yesterday hit new all-time highs.
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By Ben Traynor |
May 7, 2013
Gold exchange traded funds saw their twelfth straight week of outflows last week, implying ongoing selling of their shares by investors. The largest gold ETF, SPDR Gold Trust, saw its total gold holdings fall to a 44-month low
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By Ben Traynor |
May 1, 2013
Wholesale prices for gold bullion drifted lower Wednesday morning in London, dipping below $1,470 an ounce, although it remained slightly up on where it started the week.
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By Ben Traynor |
April 29, 2013
Strong demand for physical gold from private households continues to cause bottlenecks and price premiums. Gold traders in Dubai report premiums over the spot gold price of up to $10 an ounce for physical bullion.
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By Ben Traynor |
April 26, 2013
Gold drifted lower towards $1,460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1,485 during Asian trading.
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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 Mark O'Byrne |
April 18, 2013
It is ironic that manipulative selling by a large hedge fund or bullion bank may have ignited a mini gold rush globally.
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By Ben Traynor |
April 10, 2013
Analysts at U.S. investment bank Goldman Sachs today cut their 12-month gold price forecast from $1,550 to $1,390 per ounce, and advised clients to sell gold short using futures contracts.