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By Jon Nadler |
April 30, 2012
Gold prices started the final trading day of April with minor losses in New York and were seen headed for a net loss for the month (based on the PM Fix) on the order of 1.75%.
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By Jon Nadler |
April 6, 2012
The abbreviated trading week finished with a larger-than-two-percent value loss in gold and with not much fresh taking of major positions by market participants in the precious metals complex.
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By Eric McWhinnie |
March 19, 2012
While gold and silver have struggled in March, this appears to be momentary breather from their decade long winning streak. Inflation and budget concerns still persist and more debt-based solutions will only add to the problem.
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By Jon Nadler |
March 9, 2012
Whereas gold had opened in New York right around the pivotal $1,700 mark, Labor Department data sent the yellow metal some $20-25 lower, and to a low of $1,675 per ounce, within the first hour after the figures were released.
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By Jon Nadler |
February 8, 2012
Gold prices meandered on either side of the "unchanged" marker this morning and orbited around the $1,745 area as the US dollar did not appear to pierce the 78.50 level on the trade-weighted index following yesterday’s euro-centric optimism-induced sell-off.
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By Jon Nadler |
January 5, 2012
Gold prices fell back to under the $1,600 pivot point once again as US dollar strength combined with renewed jitters about Europe overcame the effects of geopolitical tensions arising out of the Iranian situation and sellers pressured commodities lower.
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By Adam Hamilton |
December 9, 2011
The bottom line is stock technicals today are bullish. Despite incredible Europe-driven anxiety plaguing the markets in recent months, the flagship S&P 500 is still carving higher lows and higher highs.
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By Jon Nadler |
December 1, 2011
New York precious metals action opened with minor losses in gold and with mild advances in other metals, except for palladium, which continued it stunning two-day climb by adding 4% more to values in the spot price.
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By Jon Nadler |
November 10, 2011
Two hours into the Thursday session the selling intensified and gold fell some $10 under the $1,750 support level with a loss of nearly $30 per ounce. Silver dropped by 70 cents to once again draw close to the $33 mark.
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By Jon Nadler |
November 3, 2011
Metals prices received further lift this morning as turmoil in Europe diverted funds in their direction but the complex was still competing with what is apparently shaping up as a stock market rally of notable proportions on both sides of the Atlantic.