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By Jon Nadler |
August 15, 2012
The metals markets opened to the downside for the midweek session this morning. A 0.28% advance in the US dollar and a 0.36% slip in crude oil contributed to early selling pressure. Spot gold prices dipped under Tuesday’s lows and touched $1,588 per ounce.
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By Mark O'Byrne |
August 15, 2012
Gold is under pressure today despite the likelihood of more QE from the FED, ECB and other central banks and despite the very uncertain and poor macroeconomic outlook.
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By Ben Traynor |
August 15, 2012
The wholesale market gold price fell back below $1,600 an ounce during Wednesday morning's London trading, hitting its lowest level for nearly two weeks, while European stock markets also traded lower.
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By Will Bancroft |
May 21, 2012
Traditionally pension funds have ignored gold due to their focus on yields. Japan is the world’s second largest pension market, and a move by Okayama Metal & Machinery is worth paying close attention to.
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By Mark O'Byrne |
May 16, 2012
Gold traded off in Asia hitting a low of $1,526.80/oz. then recovered as the market opened in Europe and is now trading near $1,537.25. Support at $1,550 has been breached and gold is now testing support between $1,523/oz. and $1,533/oz.
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By Mark O'Byrne |
February 15, 2012
Significant macroeconomic and geopolitical risk plus the appalling fiscal state of most major industrial nations means that all fiat currencies will almost certainly fall against gold in the coming months.Total gold ETF holdings meanwhile are rising to near record levels.