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By Ben Traynor |
March 26, 2013
"Given the business cycle is in the 'recovery' stage, investors lack a reason to increase their exposure to gold at present," says a note from Bank of America Merrill Lynch, which today cut its 2013 gold forecast by $10 an ounce to $1,670.
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By Ben Traynor |
March 1, 2013
Spot market gold bullion fell to one-week lows below $1,570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.
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By Ben Traynor |
February 22, 2013
Heading into the weekend, gold looked set for a 1.9% weekly drop by Friday lunchtime in London. This would be gold's second weekly drop in a row, after the metal fell to seven-month lows following Wednesday's publication of the latest FOMC meeting minutes
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By Ben Traynor |
January 11, 2013
Wholesale gold bullion prices dipped back below $1,670 an ounce Friday morning in London, 0.9% up on where it started the week, after jumping 1% yesterday following the European Central Bank's decision to leave interest rates on hold.
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By Ben Traynor |
September 18, 2012
Spot market prices quoted for gold bullion traded just below $1,760 an ounce Tuesday morning in London, 1% off the high hit last week after the US Federal Reserve announced its new open-ended asset purchase program.
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By Ben Traynor |
August 28, 2012
Spot market gold prices traded just above $1,660 an ounce during Tuesday morning's London session, a few dollars down on last week's close, while stocks and commodities were also broadly flat on the day and US Treasuries gained.
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By Ben Traynor |
July 20, 2012
The US dollar gold price hovered above $1,580 an ounce during Friday morning trading in London – in line with where it has spent the last two weeks – while stocks and commodities ticked lower and US Treasuries gained.
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By Ben Traynor |
July 17, 2012
Spot market gold prices climbed as high as $1,598 an ounce during Tuesday morning's trading in London, their highest level so far this week, with markets looking ahead to Federal Reserve chairman Bern Bernanke's appearance before Congress later today.
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By Eric Sprott, David Baker |
June 25, 2012
We note the contrast between the reporting companies who by law cannot lie about their fiscal realities, versus central planners who admit that they must lie to preserve calm and control. We'll leave it to you to decide whose version of the truth you want to believe.
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By Ben Traynor |
June 12, 2012
Bullion prices on the wholesale gold market rose back above $1,600 an ounce shortly before Tuesday's US trading, after failing to breach that level in the earlier Asian session, while European stock markets also ticked higher after a quiet morning's trading.