-
By Joe Richter, Bloomberg |
May 20, 2013
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
-
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.
-
By Larry D. Spears |
December 19, 2012
While gold gets most of the media attention, investors should be just as interested in how to buy silver. Silver turned in a solid performance in the second half of 2012, rising from a June 28 low of $26.13 an ounce to a recent reading above $33.00.
-
By Mark O'Byrne |
October 15, 2012
Gold saw quick price falls at the open in Asia overnight and hit a two and a half week low, continuing the drop from the prior trading session. Stop loss selling was triggered that counteracted the news of China’s inflation data which hinted at a need for further QE.
-
By Mark O'Byrne |
July 3, 2012
Gold gradually ticked higher in Asia and rose to over $1,610/oz. by the open in Europe and appears to be consolidating on those gains. US markets will close early today and remain closed on Wednesday in observance of Independence Day.
-
By Mark O'Byrne |
June 27, 2012
Gold will likely be supported again at these levels due to the near certainty that European leaders will fail to come up with concrete measures to solve the region's debt crisis at this week's summit.
-
By Mark O'Byrne |
June 15, 2012
Gold climbed for its 6th session, its longest rally since October, on news that the US recovery shows signs of faltering. Gold has crept gradually higher again this week and appears to be consolidating on the sharp gains seen on June 1.
-
By Mark O'Byrne |
June 7, 2012
Gold has fallen slightly today but remains near a one month high. Market participants will be watching Bernanke’s testimony before Congress later today, a day after other FOMC members indicated they were prepared to make monetary policies even looser.
-
By Mark O'Byrne |
May 16, 2012
Gold traded off in Asia hitting a low of $1,526.80/oz. then recovered as the market opened in Europe and is now trading near $1,537.25. Support at $1,550 has been breached and gold is now testing support between $1,523/oz. and $1,533/oz.
-
By Mark O'Byrne |
May 1, 2012
Gold rose $3.80 or 0.23% in New York yesterday and closed at $1,666.10/oz. However, there were more peculiar goings on in the gold market which saw one massive sell order knock prices lower, prior to gold gathering itself and moving higher.