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By Jon Nadler |
May 4, 2012
The headline number may have been a “disappointment” but the revisions being made to previous figures offered a healthy counter-balance to be sure. Overall, the data indicate a “pause” in the US recovery but not one that would impel a nice fat little QE3 package.
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By Mark O'Byrne |
May 4, 2012
Gold is down 1.6% on the week. The gold market has seen peculiar, lackluster, low volume trading this week punctuated with sudden, oddly timed, very large sell orders. This leads to quick price falls followed either by slow, gradual recovery or a sharp bounce.
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By Philip Burgert |
May 3, 2012
Platinum and palladium will continue to face different outlooks this year with platinum expected to record its eighth consecutive year of gross surplus while palladium is likely to expand the gross deficit recorded in 2011.
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By Brian Sylvester |
May 1, 2012
Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. The managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some investments in Ghana, Mali, Liberia and Congo
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By Philip Burgert |
April 17, 2012
After a 17% rise last year, copper prices may struggle to record significant sustained gains for the rest of 2012’s first half but should rise later in the year, and could test the $9,000 per metric ton level, analysts for Thomson Reuters GFMS said Tuesday.
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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 Jon Nadler |
April 11, 2012
The midweek trading session in precious metals opened to the downside in New York this morning despite a 0.31% drop in the US dollar on the trade-weighted index and a 0.30% gain in crude oil values.
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By Jon Nadler |
April 4, 2012
This morning, the meltdown continued in gold, but this time, unlike during yesterday’s after-hours electronic trading, silver and the noble metals joined gold and fell hard as well. Once again, the only green color to be seen was the net change in…the greenback.
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By Mark O'Byrne |
March 28, 2012
Gold traded sideways in Asia prior to seeing slight falls which continued in Europe prior to a bounce to over $1,684/oz. and then further selling saw gold fall back to $1,676/oz.
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By Mark O'Byrne |
March 22, 2012
Gold has broken below recent support at $1,640/oz. and reached as low as $1,632.45/oz. this morning – below its recent low and its lowest price since January 16. Gold looks like it will go lower on technical weakness and the next level of support is $1,600/oz.
