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By Ben Traynor |
May 14, 2013
"Due to U.S. dollar strength and record levels in European shares, gold has been losing its 'safe haven' appeal in recent days," says a note from German-based refinery group Heraeus.
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By Ben Traynor |
May 10, 2013
Spot market gold bullion prices fell to two-week lows Friday, drifting lower toward $1,440 an ounce during this morning's London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
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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 Alasdair Macleod |
May 3, 2013
The question we would all like an answer to is having consolidated after the massive knock-down last month, will gold and silver prices continue to fall, or have they bottomed?
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By Ben Traynor |
April 12, 2013
"Current momentum favors a test to the downside," say technical analysts at Scotia Mocatta, "but we would not expect significant liquidation until a break of $1,500."
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By Ben Traynor |
March 5, 2013
The volume of holding held to back shares in the SPDR Gold Trust (ticker GLD), the world's biggest gold exchange traded fund, fell for the tenth straight session yesterday, the first time this has happened since the GLD was launched in 2004.
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By Mark O'Byrne |
February 19, 2013
The pound took a fresh beating yesterday as concerns of currency wars and debasement of sterling led to another sell-off and experts said the currency was at risk of a "large-scale devaluation."
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By Adrian Ash |
February 15, 2013
Gold prices fell again Friday morning in London, trading at a six-month low beneath $1,627 per ounce as the U.S. dollar continued to rise on the currency market.
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By Ben Traynor |
February 12, 2013
Gold prices failed to recover yesterday's lost ground Tuesday morning as stocks and commodities eased higher, following news of a fresh nuclear test in North Korea and denials from policymakers that a currency war is taking place among major economies.
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By Paula Flood |
February 12, 2013
Concerns about the devaluations and the growing risk of a severe bout of inflation have led to calls for a return to fixed exchange rates and a gold standard.