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By Austin Kiddle |
April 26, 2013
U.S. Comex gold futures surged 4.76 % to $1,462.0 on Thursday, about 6.6 % below the closing level of 11 April before the rout occurred
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By Austin Kiddle |
February 22, 2013
The release of the January FOMC minutes on Wednesday brought about gold selling. The market particularly focused on the governors' discussions of the risks and costs due to additional asset purchases.
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By Jon Nadler |
January 15, 2013
This morning’s spot price dealings opened with massive gains in platinum (up $30) and with the noble metal once again trading at a premium to gold. Gold move $12 higher to reach $1,681 the ounce.
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By Austin Kiddle |
January 2, 2013
Analysts are split on the outlook for gold price this year. Based on the World Gold Council's data, overall gold demand in the first three quarters in 2012 fell about 8% year-on-year.
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By Austin Kiddle |
December 5, 2012
The recent surge in daily volatility in gold is probably related to large funds liquidating positions or algorithmic-selling in addition to market's lack of confidence of gold to break $1,800. The US fiscal cliff bickering further eroded market confidence.
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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 Jon Nadler |
November 2, 2012
The US dollar broke substantially above the pivotal 80.00 mark on the trade-weighted index this morning, prompting fairly sizeable selling in the precious metals’ complex. Spot gold fell to an overnight low of $1,705 while spot silver showed bids near $31.80 per ounce.
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By Austin Kiddle |
October 26, 2012
The market appears to be concerned with the "D" word – deflation – but more central bank gold buying news cheered gold. Brazil added 1.7 tons in September while Turkey added 6.8 tons.The buying is expected to continue.
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By Austin Kiddle |
September 28, 2012
The gold spot price looks likely to rise about 11% in Q3 to about $1,777 while still about 7.5% lower than the peak, but it recently peaked in Indian rupee, euro and Swiss franc terms, showing monetary stimulus benefits gold.
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By Ilya Spivak |
September 25, 2012
Commodities corrected narrowly higher overnight after yesterday’s broad-based selloff. The spotlight turns to September’s US consumer confidence reading and the Richmond Federal Reserve manufacturing index.