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By Godfrey Marawanyika and Franz Wild, Bloomberg |
April 22, 2013
The government in Zimbabwe, which has the world’s second-biggest platinum deposits, is preparing a law allowing it to seize controlling stakes in companies without compensation, according to a draft of the legislation.
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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 Nick Barisheff |
April 16, 2013
After gold lost $84 an ounce last Friday, we can conclude the beneficiaries were not gold investors who panicked and sold, but rather those who are fighting to preserve the reputation of the U.S. dollar and the fiat currency model that underpins the global economy.
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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 Ben Traynor |
April 10, 2013
Analysts at U.S. investment bank Goldman Sachs today cut their 12-month gold price forecast from $1,550 to $1,390 per ounce, and advised clients to sell gold short using futures contracts.
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By Mark O'Byrne |
April 9, 2013
April 5th, 1933, FDR confiscated every gold coin, bar, or certificate and people had to turn in their gold to the Federal Government or else they would face a fine of $10,000 or 10 years in jail. That is about $179,000 in today’s money.
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By Adrian Ash |
April 8, 2013
The gold price ticked lower against the U.S. dollar early Monday, but held onto the bulk of Friday's sharp rally at $1,577 per ounce as world stock markets rose alongside commodities.