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By Ben Traynor |
January 16, 2013
"In the short term, the combination of weaker growth and the run up to the debt ceiling and potential budget sequestration should prove supportive to gold prices," says a note from Goldman Sachs.
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By Ben Traynor |
November 21, 2012
Wholesale gold bullion prices climbed back above $1,725 an ounce Wednesday while stocks and the euro recovered losses made in Asian trading immediately after European policymakers failed to reach a deal on Greece.
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By Ben Traynor |
November 13, 2012
Price for gold bullion on the wholesale market rose to $1,730 an ounce this morning in London, after drifting lower overnight, as the euro jumped half-a-cent against the dollar.
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By Ben Traynor |
November 12, 2012
Gold prices hovered just below $1,738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the euro traded near two-month lows against the dollar.
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By Ben Traynor |
September 12, 2012
The spot market gold price touched a new six-month high at $1,746 an ounce Wednesday morning, while stocks and the euro also rallied following a ruling by Germany's Constitutional Court cleared the way for the creation of a permanent euro-zone bailout fund.
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By Ben Traynor |
August 24, 2012
Spot market gold bullion prices hovered just below $1,670 an ounce for most of Friday morning's London trading, a few dollars below yesterday's four-month high. Stock markets ticked lower and US Treasuries gained, as analysts speculate on the prospects for more quantitative easing .
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By Adrian Ash |
August 23, 2012
Wednesday's minutes from the US Federal Reserve's latest policy meeting "ignited" the gold investment market, according to one trader, with buy-stops triggered at $1,650, according to another. The move took this week's gains in gold to 3.0% at $1,667 per ounce.
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By Ben Traynor |
August 22, 2012
Spot market gold prices hit their highest level since early May Wednesday, rising to $1,645 an ounce during this morning's London trading. Silver prices also gained, rising to $29.70 per ounce – their highest level since early June.
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By Ben Traynor |
August 21, 2012
Spot market prices to buy silver rose to their highest level in two months Tuesday, hitting $29.09 per ounce – 3.5% up on last week's close – after extending gains from yesterday's trading.
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By Ben Traynor |
August 20, 2012
Spot market gold bullion prices dipped back below $1,615 an ounce during Monday morning's London trading, the level at which they ended last week. Silver bullion meantime failed to hold on to gains from Monday's Asian trading.