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By Jon Nadler |
May 23, 2012
Another day of substantial selling in the precious metals complex brought gold prices right back to the $1,550 value zone, raising legitimate questions about whether the numerous calls of a bottom occurring last week were perhaps premature.
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By Adrian Ash |
May 22, 2012
Wholesale prices to buy gold fell further from $1,600 an ounce in London on Tuesday morning, finding a floor at $1575 as European stock markets rose for the second day running after falling for two weeks in succession.
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By Jon Nadler |
May 21, 2012
Precious metals started the trading week in mixed fashion with initial spot bids showing gold and silver prices marginally lower while platinum and palladium moved higher. The US dollar resumed its upward course this morning after the brief pause on Friday.
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By Ilya Spivak |
May 21, 2012
Commodity prices are on the upswing to start the trading week as risk sentiment mounts a cautious recovery after three consecutive weeks of aggressive selling.
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By Jon Nadler |
May 18, 2012
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index. Nevertheless, the dollar – trimmed gains and all – was still up for a 15th day in a row...
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By Ilya Spivak |
May 18, 2012
Commodity prices are showing diverging performance in early European trade. Growth-sensitive crude oil prices are following shares lower but likewise sentiment-linked copper is essentially flat. Meanwhile, gold and silver are on the upswing.
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By Austin Kiddle |
May 18, 2012
Gold futures bucked the trend of the broader market and jumped $38 or 2.5% on Thursday, the largest percentage increase since Oct. 25, 2011. The S&P 500 fell almost 2% while Euro Stoxx 50 and crude oil both dropped 1.5%. The US Dollar Index rose for 14 consecutive days.
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By Adrian Ash |
May 17, 2012
The wholesale market gold price jumped at the start of New York trade on Thursday, cutting the week's previous 3.3% dive to 5-month lows in half as the euro fell and euro zone stock markets slumped once again.
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By Ilya Spivak |
May 17, 2012
Commodity prices are on the upswing in early European trade, with markets beginning to show cautious signs of recovering risk appetite. A corrective bounce seems reasonable.
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By Adrian Ash |
May 17, 2012
So the price of gold keeps falling, and it keeps falling despite the imminent failure of Greece's euro membership, the looming collapse of Europe's banking system, and the fast-looming debt-ceiling repeat and fiscal cliff in the US.
