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By Mark O'Byrne |
May 17, 2013
The United States government is to rigorously enforce a ban on gold sales to Iran from July 1. They are planning to block sales of gold to Iranians in order to undermine the Iranian currency, the rial, and to step up pressure on Tehran over its nuclear program.
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By Austin Kiddle |
May 3, 2013
According to a local Hong Kong newspaper, the largest fall in gold prices in 30 years prompted the Mainland Chinese tourists to buy about 60 tonnes of gold in Hong Kong during the three-day Labor Day holiday.
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By Austin Kiddle |
May 1, 2013
Gold investors are keenly watching the direction of the gold-backed ETP holdings, which fell 174 metric tons or 7.1% in April to 2,275.84 metric tons. The SPDR gold holdings fell to a 43-month low to 1,078.54 tons at the end of April.
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By Pablo Paciello |
April 16, 2013
Precious metals tie your investment into something real and tangible, not just the perceived value of a currency that can easily be influenced by national fiscal policies.
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By Austin Kiddle |
April 12, 2013
Bears of gold are battling with the bulls, with the bears excited by the shorter-term factors such as the U.S. economic improvement, and the bulls encouraged by the longer-term hedging demand by the global central banks.
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By Adrian Ash |
April 11, 2013
The wholesale price of gold rallied from one-week lows against the Dollar on Thursday morning, but continued to fall for UK and Euro investors, hitting four- and two-month lows respectively.
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By Mark O'Byrne |
April 11, 2013
In Europe, Cyprus has denied the plan to sell its very small gold reserves of 13.9 tonnes as a contribution to an international bailout.
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By Nick Barisheff |
April 10, 2013
The long-term “irreversible” trends continue to develop. Many of the trends, such as debt creation and the movement away from the U.S. dollar, are accelerating and their consequences are appearing globally.
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By Austin Kiddle |
April 10, 2013
Barclays recently reiterate that the biggest short-term risk for gold prices will be gold-backed ETP outflows. Close to 18 tonnes of outflow occurred in the first week of April.
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By Adrian Ash |
April 4, 2013
The price of gold extended its worst two-day drop vs. the dollar since June last year Thursday morning in London, falling as low as $1,540.50 per ounce before rallying to $1,551.