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By Mark O'Byrne |
May 14, 2013
The European Union will today meet to discuss and move forward the proposal to ‘bail-in’ depositors with savings of more than €100,000 as part of future bank wind-downs.
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By Mark O'Byrne |
May 7, 2013
Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal to European finance ministers that will hit depositors that hold more than €100,000 in the event of future bank collapses.
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By Ben Traynor |
May 3, 2013
Over in India, traditionally the world's biggest gold buying nation, the central bank today proposed new restrictions on gold bullion imports as part of its annual monetary policy statement.
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By Ben Traynor |
April 23, 2013
Wholesale gold bullion prices rallied back above $1,420 an ounce Tuesday morning in London, having earlier dipped back toward where they started the week following yesterday's 2% jump amid what one Hong Kong dealer suggested was the biggest rush to buy gold in half a century.
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By Ben Traynor |
April 17, 2013
Wholesale market gold prices hovered around $1,380 an ounce Wednesday morning in London, little changed from a day earlier, as European stocks continues to fall along with most commodities and US Treasuries gained.
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By Natalie Weeks and Tom Stoukas, Bloomberg |
April 17, 2013
The Cypriot government plans to sell part of its gold reserves within the next months, a decision that needs to be approved by the country’s central bank, Finance Minister Haris Georgiades said.
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By Ben Traynor |
April 15, 2013
Spot market gold prices fell to a two-year low below $1,400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak.
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By Justin Pugsley |
April 12, 2013
It is certainly looking like gold has lost its mojo. When a market no longer responds with higher prices to events that are normally seen as a positive, then it is generally a signal that a once bullish trend is over.
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By Austin Kiddle |
April 12, 2013
Bears of gold are battling with the bulls, with the bears excited by the shorter-term factors such as the U.S. economic improvement, and the bulls encouraged by the longer-term hedging demand by the global central banks.
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By Adrian Ash |
April 11, 2013
The wholesale price of gold rallied from one-week lows against the Dollar on Thursday morning, but continued to fall for UK and Euro investors, hitting four- and two-month lows respectively.