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By Austin Kiddle |
May 3, 2013
According to a local Hong Kong newspaper, the largest fall in gold prices in 30 years prompted the Mainland Chinese tourists to buy about 60 tonnes of gold in Hong Kong during the three-day Labor Day holiday.
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By Jon Nadler |
January 22, 2013
Analysts at Citigroup and Goldman Sachs have scaled back gold price forecasts, especially in the longer-term, as the underpinnings of its bull market are being called into question.
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By Austin Kiddle |
January 18, 2013
The Fed and some large investors are sounding alert on the overheating of the riskier assets as the Fed has been buying $85 billion of bonds each month. More asset inflation is better for gold prices.
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By Austin Kiddle |
November 30, 2012
Analysts' median forecast for 2013 year-end gold price has risen from $1,832 as of end-September to $1,850 currently. This is about 7% higher than the current level.
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By Jan Skoyles |
October 29, 2012
This week we will finally wave off October which has been the first month in the last five to register a decline in the gold price. It hasn’t all been bad, last week holdings in gold-backed exchange-traded products reached record levels.
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By Ben Traynor |
October 1, 2012
Spot market gold bullion prices dipped below $1,770 an ounce during Monday morning London trading, though they remained in line with the last fortnight's price action, while European stock markets rallied along with the euro.
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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 1, 2012
US dollar gold prices traded around $1,615 an ounce during Wednesday morning's London session while European stock markets were also broadly flat and US Treasuries dipped, ahead of the Federal Reserve's latest monetary policy announcement later today.
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By Jon Nadler |
July 25, 2012
Wednesday morning trading action lifted the precious metals a tad higher as speculators figured that the latest batch of economic data from the US, China, Germany, and the UK would convince central banks involved to take stimulative monetary action.
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By Ben Traynor |
July 3, 2012
Spot market gold prices traded close to $1,610 an ounce for most of Tuesday morning in London, after breaking through the $1,600 mark during the earlier Asian session. Silver prices touched $28 an ounce for the first time in nearly two weeks.