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By Mark O'Byrne |
May 8, 2012
Gold edged lower on Tuesday despite the weaker euro and stock markets after furious citizens in Greece and France voted against austerity measures. Gold prices are being supported by bargain hunters who continue to buy dips.
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By Sara Nunnally |
March 1, 2012
As the West is trying its best to handicap Iran's economy by putting sanctions banning business – including oil trading – with the country, Iran has one-upped everyone. The US doesn't get oil from Iran, but Europe does, and in late January, it vowed to cut back.
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By Mickey Fulp |
February 14, 2012
A recent headline blasted the breaking news: “India to Pay Gold Instead of Dollars for Iranian Oil: Markets Stunned.” I too was stunned. That is one of the dumbest ideas to cross my desk in a long while.
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By The Mad Hedge Fund Trader |
February 1, 2012
Long term readers are well aware of my antipathy towards natural gas, which has been in your worst nightmare of a bear market for the past three years. Well, the simple molecule finally got some good news last week.
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By Mark O'Byrne |
January 30, 2012
Gold prices fell in Asia and in Europe this morning with profit taking after last week’s 4.3% gains seeming to be the primary reason for weakness. However, gold prices are likely to continue to be supported.
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By Ben Traynor |
January 24, 2012
Gold prices slipped back to where they began the week during Tuesday morning's London trading, falling 1% from yesterday's six-week high to $1,665 per ounce. Silver prices fell to $31.91 per ounce – a 1% drop on Friday's close.
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By Jon Nadler |
January 23, 2012
An elevated mood brought about some gains in the precious and the base metals spaces this morning. Crude oil was also assisted in notching a better than 1% gain by an EU decision to ban Iranian oil imports as of July.
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By Frank Holmes |
January 9, 2012
Diplomatic relations between Iran and the West regarding the country's determination to enrich uranium have been contentious for some time. However, current rhetoric and policies such as banning Iranian oil imports have upped the ante.
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By Jon Nadler |
January 6, 2012
Gold prices opened on the nervous side this morning but eked out an 80-cent gain to start the final session of the week at $1,622.20 per ounce. The dollar's current strength is continuing to hold gold back from convincingly surpassing 200-DMA resistance.
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By Scott Wright |
September 30, 2011
The bottom line is the world's largest oil consumer is undergoing a radical shift in long-standing supply trends. The US is seeing its first material imports decline in a quarter century. This is partly due to a once-unfathomable rise in domestic output.
