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By Adrian Ash |
May 24, 2012
The wholesale price of gold investment bars rose 2.0% from yesterday's low to reach $1,569 per ounce in London Thursday morning, recovering from $1,535 for the fourth time since gold hit all-time peaks above $1,900 in late-summer 2011.
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By Mark O'Byrne |
May 24, 2012
Fears about Greece and the EU after the EU summit came up short on delivering a grand solution to solve the debt crisis are supporting gold at these levels and leading to some safe haven buying.
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By Eric McWhinnie |
May 24, 2012
First-quarter global gold demand totaled 1,097.6 tonnes ($59.7 billion), which represents a 5% decrease from 1,150.7 tonnes ($51.3 billion) in the same period last year. Although the demand in tonnes decreased, the average price for an ounce of gold was 22% higher.
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By Ian R. Campbell |
May 23, 2012
The gold mining executives and companies represented by the World Gold Council must be strongly of the mind that the price of physical gold will trend higher from current levels.
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By Frank Holmes |
May 21, 2012
Demand for gold was relatively resilient in the first quarter of 2012, with global demand falling 5% on a year-over-year basis, says the World Gold Council.
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By Will Bancroft |
May 21, 2012
Traditionally pension funds have ignored gold due to their focus on yields. Japan is the world’s second largest pension market, and a move by Okayama Metal & Machinery is worth paying close attention to.
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By Jon Nadler |
May 18, 2012
Gold prices rallied by more than 2% on Thursday and by nearly 1% early this morning as the US dollar appeared to slow its upward progress on the trade weighted index. Nevertheless, the dollar – trimmed gains and all – was still up for a 15th day in a row...
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By Austin Kiddle |
May 18, 2012
Gold futures bucked the trend of the broader market and jumped $38 or 2.5% on Thursday, the largest percentage increase since Oct. 25, 2011. The S&P 500 fell almost 2% while Euro Stoxx 50 and crude oil both dropped 1.5%. The US Dollar Index rose for 14 consecutive days.
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By Adrian Ash |
May 17, 2012
The wholesale market gold price jumped at the start of New York trade on Thursday, cutting the week's previous 3.3% dive to 5-month lows in half as the euro fell and euro zone stock markets slumped once again.
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By Mark O'Byrne |
May 17, 2012
Gold climbed during volatile trading in Asia having recovered from the NY close yesterday. In European trading the yellow metal is hovering near the $1,548/oz level. Technically, gold’s trend remains down but gold looks increasingly oversold.
