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By Ben Traynor |
April 29, 2013
Strong demand for physical gold from private households continues to cause bottlenecks and price premiums. Gold traders in Dubai report premiums over the spot gold price of up to $10 an ounce for physical bullion.
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By Ben Traynor |
April 22, 2013
Wholesale gold prices rose back above $1,430 per ounce Monday morning for the first time since last Monday's price drop, amid reports of strong buying in Asia, while stocks gained and US Treasuries fell.
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By Ben Traynor |
March 6, 2013
U.S. dollar prices to buy gold hovered around $1,575 per ounce Wednesday morning in London as dealers in Asia reported an increase in demand for physical bullion, in contrast with exchange traded funds, which have continued to see selling, in what one analyst calls a "tug of war" between physical...
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By Ben Traynor |
March 4, 2013
On New York's Comex exchange, the so-called speculative net long position of gold futures and options traders rose in the week ended last Tuesday, a week after hitting its lowest reported level since 2008
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By Ben Traynor |
January 28, 2013
"It seems that a number of safe haven refuges like gold, the Japanese yen, U.S. Treasury bonds, and the Swiss franc have all been under pressure lately," says Ed Meir, metals analyst at brokerage INTL FCStone.
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By Ben Traynor |
January 21, 2013
Gold could climb to $1,825 an ounce over the next three months, according to a note from Goldman Sachs analysts Damien Courvalin and Alec Phillips.
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By Ben Traynor |
December 10, 2012
Spot market gold bullion prices rose to one-week highs above $1,710 an ounce Monday morning, while European stock markets fell following news that Italy's prime minister plans to resign.
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By Ben Traynor |
December 3, 2012
Spot market gold prices fell back below $1,715 an ounce Monday morning in London, more-or-less in line with where they were two weeks ago after failing to hold gains made during Asian trading.
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By Ben Traynor |
November 19, 2012
Spot market gold bullion prices hovered close to $1,725 an ounce during this morning's London trading, holding gains made overnight in Asia, as stocks and commodities also recovered some ground lost last week.
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By Ben Traynor |
November 9, 2012
Prices in the wholesale gold bullion market traded above $1,730 an ounce Friday morning in London, having earlier touched a two-week high, while stocks fell and the dollar and US Treasury bonds gained.