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By Austin Kiddle |
February 27, 2013
As traders have already cut their long positions or added to their short positions, it did not take much for the gold price to rally back from a recent low level of $1,554.30.
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By Mark O'Byrne |
February 20, 2013
James Steel, HSBC analyst, talks about the outlook for gold and silver markets. He speaks with Sara Eisen, Alix Steel and Adam Johnson of Bloomberg and recently just revised his silver forecast.
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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 Mark O'Byrne |
February 15, 2013
Soros’ gold ETF sale is again garnering much media coverage. It is worth noting that his position was quite small especially when compared to levels of demand coming from consumers in Asia and central banks internationally.
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By Austin Kiddle |
February 15, 2013
Expectations of faster economic growth in the G20 countries and the aversion of major financial disasters have reduced the safe-haven demand for gold, pushing people to load up on risky assets such as equities and increase their bets on other commodities.
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By Mark O'Byrne |
February 8, 2013
While gold fell in dollar terms yesterday, it surged 1.8% in euro terms from €1,235/oz, soon after the ECB interest rate decision, to €1,258/oz soon after. Some of the gains were quickly given up as determined selling was again seen.
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By Mark O'Byrne |
January 25, 2013
The World Gold Council has been exploring ways that Eurozone member states could use their gold reserves to help bring down the cost of borrowing.
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By Mark O'Byrne |
January 21, 2013
Another respected hedge fund, the Pacific Group, has decided to convert one third of its hedge-fund assets into physical gold. The Pacific Group Ltd., which manages more than $100 million worth of assets, believes that gold will continue to rise as governments print more money to pay off debt, according...
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By Mark O'Byrne |
January 2, 2013
Gold rose 7% in US dollars and was 4.9% higher in euro terms and 2.2% higher in sterling terms or to put it more correctly the major fiat currencies fell these amounts in 2012 against immutable gold.
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By Jon Nadler |
November 9, 2012
Metals markets opened mixed this morning as the final session of quite an active week got underway. Spot gold was down less than $2, with a bid at $1,731 and silver was off 13 cents at $32.18 per ounce.