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By Mark O'Byrne |
July 13, 2012
After initial falls in Asia, gold traded sideways and then gradually ticked higher later in the Asian session and has seen further gains in European trading. Gold is currently set to finish the week marginally lower in dollar and sterling terms.
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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.
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By Mark O'Byrne |
April 13, 2012
Gold traded erratically but essentially sideways in Asian trading prior to ticking lower in Europe. Weaker gold prices are attributed to China's weaker Q1 GDP data. A slightly stronger US dollar and oil prices back below $103 a barrel may be contributing to today’s weakness.
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By Mark O'Byrne |
April 12, 2012
Gold has been trading sideways in Asian trading and remains in a tight range in Europe this morning near $1,656.07/oz. Gold remains supported this morning as the ECB signaled that it would intervene in the debt markets on worries about Spain.
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By Mark O'Byrne |
April 14, 2011
Gold is tentatively higher against the euro but mixed against other currencies, while silver is higher again in most currencies. Both probed upward this morning and are exhibiting signs that they may push higher prior to a much anticipated correction.