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By Ben Traynor |
May 15, 2013
The world's biggest gold exchange traded fund SPDR Gold Trust could lose up to a further four million ounces (almost 125 tonnes) to add to the nearly 300 tonnes it has lost through redemptions since the start of the year.
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By Ben Traynor |
April 18, 2013
Wholesale prices for buying gold climbed briefly above $1,400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.
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By Ben Traynor |
March 27, 2013
Wholesale gold bullion prices fell as low as $1,591 an ounce Wednesday morning, extending losses from a day earlier following news of Cyprus's bailout as well as positive U.S. economic data.
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By Ben Traynor |
March 20, 2013
Gold dropped below $1,610 an ounce Wednesday, as stocks, commodities and the euro all regained some ground lost since news of the Cyprus bailout negotiations broke over the weekend.
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By Ben Traynor |
February 22, 2013
Heading into the weekend, gold looked set for a 1.9% weekly drop by Friday lunchtime in London. This would be gold's second weekly drop in a row, after the metal fell to seven-month lows following Wednesday's publication of the latest FOMC meeting minutes
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By Ben Traynor |
February 20, 2013
The spot gold price dropped below $1,600 an ounce for the first time in six months Wednesday, as the dollar strengthened and stock markets were broadly flat, ahead of the publication of the latest Federal Reserve policy meeting minutes later today.
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By Adrian Ash |
February 7, 2013
Daily swings in the silver price haven't been as small as this week since spring 2007. Volatility in the U.S. dollar gold price has only been lower than yesterday on 15 days since mid-2005.
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By Ben Traynor |
January 23, 2013
Gold continued to hover near one-month highs above $1,690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand.
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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 Adrian Ash |
January 7, 2013
Spot gold prices traded in a $10 range Monday morning, rising above last week's finish at $1,656 per ounce as European stock markets cut earlier losses. Silver prices also whipped in a tight range, holding at $30.25 per ounce by lunchtime in London.