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By Ben Traynor |
January 16, 2013
"In the short term, the combination of weaker growth and the run up to the debt ceiling and potential budget sequestration should prove supportive to gold prices," says a note from Goldman Sachs.
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By Ben Traynor |
December 11, 2012
The wholesale gold price rose to $1,712 an ounce Tuesday morning in London, a few dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow's Federal Reserve policy decision.
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By Bill Haynes |
August 9, 2012
While several heads of Federal Reserve Banks have called for more quantitative easing, Boston’s Fed Head Eric Rosengren has upped the ante and is calling for “open-ended” quantitative easing of a “substantial magnitude.” No joke.
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By Mark O'Byrne |
August 8, 2012
Gold edged down on Wednesday on profit taking after sustaining three days of gains which saw gold creep slowly above the $1,600/oz. level again. Recent dollar strength and a lack of clarity may be partly to blame for gold’s lack of gains recently.
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By Ilya Spivak |
August 7, 2012
Commodities are on the upswing amid a broad-based advance in risk appetite. Growth-geared crude oil and copper prices are following European shares higher while gold and silver find de-facto support in ebbing haven demand for the US dollar.
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By Ben Traynor |
July 9, 2012
US dollar gold prices held above $1,580 an ounce Monday morning in London – broadly in line with last week's close – while major European stock markets were broadly flat on the day, with the exception of Spain's Ibex.
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By Jon Nadler |
June 4, 2012
The worst month for gold prices in 30 years was suddenly followed by the best daily climb since last August on Friday, the first day of the new month. The principal catalyst for the $66 upward move in bullion was the unexpectedly dismal report on May’s US job creation activity.
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By Jon Nadler |
May 4, 2011
The midweek trading session in New York opened with losses in all metals but gold this morning as the white and noble metals sank and the yellow one attempted to regain some lost footing in the wake of a further easing in the US dollar.
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By Jon Nadler |
October 18, 2010
The yellow metal appears poised to retrace some of its recent chart steps all the way to possibly the $1,327.00 level, according to analysts.
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By Jon Nadler |
September 30, 2010
Thursday precious metals markets' opening tallied offered more of the same fare as has been on tap since at least the middle of the about-to-conclude month: relentless fund sorties based on perceptions of what might be.