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By Austin Kiddle |
March 1, 2013
In the past few days, positive economic data from the major economies have accompanied the falling safe-haven demand for gold.
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By Ben Traynor |
October 2, 2012
Wholesale gold prices hovered in a tight range just below $1,780 an ounce for most of Tuesday morning in London, just below a new 2012 spot market high touched yesterday following comments from US Federal Reserve policymakers.
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By Jon Nadler |
October 1, 2012
The fourth quarter began with modest losses in precious metals as well as the US dollar and the euro this morning. Spot gold started the new month with a $3 loss and it was quoted at $1,768 per ounce in New York. Silver fell 20 cents to open near $34.31...
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By Jon Nadler |
June 13, 2012
The midweek session in precious metals opened with some price softness across the complex but the situation soon shifted a bit towards the firmer side of prices (at least in gold which rose to near $1,620 an ounce) as poor US May retail sales data once again rekindled QE “Fedspectations.”
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By Jon Nadler |
May 2, 2012
Gold spot prices opened with losses on the order of about $10 and near the support level that the $1,650 area is thought to be able to now offer. Silver dropped nearly 50 cents and started the midweek session out under the $30.50 mark per ounce.
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By Ilya Spivak |
May 1, 2012
Commodities look to the US economic calendar for direction, with the spotlight on the US ISM manufacturing gauge. Forecasts call for a mild slowdown in April that keeps the modest uptrend carved out from July of last year intact.
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By Jon Nadler |
January 12, 2012
Gold prices opened with a gain of $11 at $1,654 the ounce in New York while silver advanced about 40 cents to the $30.35 level. Both metals are in the midst of an upward push which might carry them to the $1,700 and $32 areas respectively.
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By Jon Nadler |
March 30, 2011
The midweek trading session in precious metals had something to offer to everyone, but most of all to the many platinum fans out there. Spot gold prices oscillated between gains and losses and silver rose in value.