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By Mark O'Byrne |
January 7, 2013
The US Mint's gold coin sales slid for a third consecutive year in 2012 showing how demand for gold bullion among the retail public remains lackluster at best. Demand remains well below the record levels seen preceding the Y2K scare in 1999.
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By Mark O'Byrne |
July 20, 2012
Gold has been trading in a range between $1,530/oz. and $1,630/oz. for nearly two months despite the Eurozone debt crisis entering its third year and looking set to escalate and despite signs that the US economy is on the verge of a sharp recession.
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By Mark O'Byrne |
July 3, 2012
Gold gradually ticked higher in Asia and rose to over $1,610/oz. by the open in Europe and appears to be consolidating on those gains. US markets will close early today and remain closed on Wednesday in observance of Independence Day.
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By Mark O'Byrne |
April 18, 2012
Gold traded sideways prior to gradually creeping up in late Asian trading. It then gave up those gains in European trading and is nearly unchanged from yesterday’s close in New York.
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By Mark O'Byrne |
April 3, 2012
Gold traded sideways to slightly higher in Asia but has fallen in European trading to $1,674/oz. Markets may get direction from clues regarding the outlook for the US economy and monetary policy in the minutes of the last US Federal Reserve policy meeting.
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By Mark O'Byrne, Dr. Constantin Gurdgiev |
February 3, 2012
Data internationally shows that demand for gold bullion bars and coins remained robust in 2011 and into January 2012. But this remains a fringe activity of store-of-value buyers rather than a mainstream phenomenon.
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By Mark O'Byrne |
December 22, 2011
With just a few trading days left in 2011, we can take stock of gold's performance vis-`a-vis other assets. Gold is 13.7% higher in USD, 12% higher in GBP and 14.4% higher in EUR. Gains were seen in all fiat currencies.
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By Mark O'Byrne |
December 14, 2011
Most analysts of the gold market remain of the view that this is a correction and that the medium and long term uptrend will continue due to significant investment, store of wealth and central bank demand.
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By Mark O'Byrne |
November 8, 2011
Gold appears to be breaking out after another period of correction and consolidation. We have now had a higher monthly close in October and two consecutive higher weekly closes.
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By Mark O'Byrne |
August 12, 2011
Gold has fallen today in all major currencies except the Swiss franc which has fallen on continued speculation of pegging the Swiss franc to the euro