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By Austin Kiddle |
October 31, 2012
Some buying on dips was seen as gold futures bounced decidedly off the $1,700 handle. Gold-backed ETF holdings are still at a record high level while there are signs that physical demand has increased in India and China.
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By Adrian Ash |
October 10, 2012
Gold prices slipped for a third day in London on Wednesday, again rallying from two-week lows beneath $1,761 per ounce as world stock markets also fell again and industrial commodities held flat overall.
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By Ben Traynor |
September 24, 2012
Wholesale market gold bullion prices dropped to $1,757 an ounce Monday morning in London – 1.7% off a seven-month high hit briefly last Friday – as stocks, commodities and the euro also ticked lower and US Treasuries gained.
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By Jon Nadler |
August 21, 2012
A report by the Xinhua news agency appeared to indicate that the Chinese government might be preparing to stimulate the country’s economy soon. Commodities specs ran with this news and pushed gold to $1,640, silver to $29.35 per ounce, and crude oil to $97 per barrel.
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By Jon Nadler |
August 17, 2012
Precious metals headed a bit lower early this morning while noble metals headed in the opposite direction and built on yesterday’s hefty gains. Spot gold was quoted at $1,612 per ounce while spot silver was indicated at $28.05 in early trading.
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By Alasdair Macleod |
July 31, 2012
It would be quite an event. We have not seen a major fiat currency collapse in recent decades, though there are those in Germany who remember the misery it brings. The speed at which the euro weakens could be very surprising indeed.
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By Eric Coffin |
July 13, 2012
Continued movement in the right direction politically in Europe may finally give us a set up for a meaningful fall rally in the resource sector. Let’s all cross our virtual fingers and hope the Eurocrats don’t find yet another creative way to wrest defeat from the jaws of victory.
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By Jon Nadler |
June 22, 2012
If there was any previous doubt about the fact that many an asset market was over-dependent on a continuation of easy money policies by the Fed, well, that confirmation came over the past 24 hours.
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By Jon Nadler |
June 15, 2012
The final session of this week opened in New York this morning with an equal lack of directional conviction in precious metals. Gold fell $3 to the $1,620 mark while silver was off by six pennies at $28.58 the ounce.
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By Jon Nadler |
June 6, 2012
Gold prices added over 1% ahead of the ECB rate-setting meeting this morning as the post US jobs data-sparked Friday rally continued to unfold. The gold market’s net speculative length is at or very near multi-year lows.