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By Mark O'Byrne |
April 16, 2013
Gold rebounded as store of value and diversification buyers deemed a 14% plunge over two days to be excessive and an Asian central banker said that policy makers may take the opportunity to buy.
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By Jon Nadler |
December 14, 2012
Friday’s precious metals markets opened a tad higher but continued to how their recent lack of energy. Technicians argue that gold needs to remain above a key support near $1,688 lest another $30 decline might be in the cards.
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By Jon Nadler |
December 11, 2012
This morning’s headlines were dominated by the two remaining stories that really matter to investors for the remainder of this year: the Fed meeting and the Fiscal You-Know-What.
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By Jon Nadler |
November 9, 2012
Metals markets opened mixed this morning as the final session of quite an active week got underway. Spot gold was down less than $2, with a bid at $1,731 and silver was off 13 cents at $32.18 per ounce.
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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 Mark O'Byrne |
October 12, 2012
Gold has seen volatile and choppy trading overnight in Asia and in Europe this morning with the price being capped at $1,772/oz. and in a tight range between $1,767 and $1,772/oz.
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By Jon Nadler |
October 1, 2012
The fourth quarter began with modest losses in precious metals as well as the US dollar and the euro this morning. Spot gold started the new month with a $3 loss and it was quoted at $1,768 per ounce in New York. Silver fell 20 cents to open near $34.31...
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By Jon Nadler |
September 17, 2012
Precious metals prices headed a bit lower at the opening this morning, mainly on the back of light profit-taking that ensued after the euro retreated and the US dollar rose owing to apprehensions about Europe and Asia.
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By Jon Nadler |
August 31, 2012
The metals complex opened higher this morning as the pre-long weekend book-squaring ritual got underway and as players awaited Mr. Bernanke’s words from Jackson Hole. Gold advanced $5 to $1,660 while silver rose 20 cents to $30.70 per ounce.
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By Jon Nadler |
August 27, 2012
The new trading week started with small losses in the precious metals complex despite a 0.14% drop in the US dollar and a near-$1 advance in crude oil. Small-scale profit-taking was cited after gold market players attempted a test at the $1,680 resistance area.