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Gold Prices Rally, Netherlands On Edge of Downgrade, Central Banks Add to Gold Reserves

Gold Prices rallied to $1643 per ounce by Tuesday lunchtime in London – 1.2% up on yesterday’s low, but still shy of where they closed last week – ahead of tomorrow’s Federal Reserve decision and with Eurozone concerns focusing on the Netherlands. Based on the PM London Gold Fix, Gold Prices remain 3% below their 200-day moving average. Silver Prices rallied back above $31 an ounce by Tuesday lunchtime – though they remained around 2% off where they began the week – while European stock markets edged higher following Monday’s steep drop and commodities also made gains this morning. The Euro meantime regained a bit of ground against the Dollar, though remained below last week’s […]

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Physical Demand to Buy Gold “Weak” Ahead of Indian Festival

Prices to Buy Gold dropped near two-week lows for US investors Thursday lunchtime in London, as gold again “fell victim to a strengthening Dollar” in the words of one analyst. The European single currency fell back from $1.3150 for the 3rd day running, dropping despite Spain’s successful auction of €5 billion in new government debt, albeit at marginally higher rates of interest than at the last time of asking. France’s CAC40 stock index turned a 0.5% rise into a 0.5% loss inside an hour, and commodity prices also fell back amid trading-room rumors that France’s credit rating was about to be downgraded by a major agency. German Bund prices rose to push yields […]

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Gold Bullion Drifts Lower as Enthusiasm Wanes

Gold Bullion prices drifted lower Wednesday morning, hitting $1640 per ounce ahead of US trading – 1.1% down on the week so far – while stocks fell and commodities were broadly flat. Silver Bullion fell as low as $31.52 per ounce – broadly in line with where it started the week. UK government bond prices dipped – while German bunds gained as Eurozone concerns continued to focus on Spain. “This morning, we’ve seen [precious metals] succumb to waning investor enthusiasm,” says Marc Ground, commodities strategist at Standard Bank. “People won’t want to commit too much at this point,” agrees Ronald Leung, a dealer in physical bullion at Lee Cheong Gold Dealers in Hong […]

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Gold Prices Still in Bearish Trend while Low Demand for Silver sees Comex Stockpile Grow to Decade High

Gold Prices continued to hover near $1650 per ounce ahead of Tuesday’s US trading – in line with where they have spent most of the last month – while European stock markets gained following Spain’s successful auction of short-term Treasury bills. “Gold remains in a bearish trend so long as it stays below $1697, which was the most recent top on March 27,” say technical analysts at bullion bank Scotia Mocatta. Silver Prices rose to their highest level this week – hitting $31.81 per ounce – while other industrial commodities were broadly flat and government bond prices fell. Stockpiles of Silver Bullion held in Comex warehouses meantime have hit their highest levels in at […]

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Renewed Market Panic as Spain Fears Grow, China Showing Less Gold Bullion Fever than Last Year

Gold Bullion prices hovered below $1650 per ounce Monday morning in London – well within their range of the past four weeks – as European stocks edged higher while commodity prices fell. The Euro meantime sank to a two-month low against the Dollar, as investors turned their attention to rising Spanish government borrowing costs. On China’s Shanghai Gold Exchange, contracts equivalent to around 7.3 tonnes of Gold Bullion changed hands in Monday’s trading. “Current levels are by no means excessively weak,” says a note from investment bank UBS, “but the fact that average daily turnover sits at just about half of the 18 tonne all-time high seen last year is in itself confirmation […]

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Does Gold Investing Pay?

| April 13, 2012 | Articles: Insights
Does Gold Investing Pay?

Gold Investing yields no income. But does it make life cheaper in future…? What’s the point of investing? Plenty of people below 50 today – and a good many older – might well wonder, says Adrian Ash at BullionVault. Two stock market crashes, two recessions and a global house-price slump make the last decade a worse advert for investing than One Direction are for clean-living youth. Yes, silver and Gold Investing stand out in contrast, but they don’t actually yield any interest. Nor do cash, bonds, Treasuries or stocks anymore. But while the point of investing might be hard to see today, its purpose is plain: “Investing [is] the transfer to others of purchasing power now with the reasoned expectation of receiving […]

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Prices to Buy Gold Head for Weekly Gain Despite China Slowdown

EARLIER REPORT Dollar prices to Buy Gold hovered just below $1680 per ounce Friday morning in London – back at levels last seen 10 days ago – as stock markets and industrial commodities ticked lower and government bonds gained. A day earlier, Gold Prices jumped 1.6% during US trading – holding onto most of those gains during Friday’s Asian session despite the release of lower-than-expected Chinese growth figures. “We have now closed well above the short-term bear channel,” reckon technical analysts at bullion bank Scotia Mocatta. “The previous resistance level at $1656 should provide some support,” they add, citing current resistance at $1680. “[Gold] options activity this week suggests something […]

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Bad News for the Euro

Bad News for the Euro

Last Augst the Euro was in a “compressed” state, writes Brian Hunt for Steve Sjuggerud’s Daily Wealth. This is a situation where an asset’s day-to-day volatility gradually dries up and the highs and lows move closer together. These low-volatility periods are often the calm before a storm. The Euro then suffered a huge decline…and the “Euro debt crisis” dominated the financial news. The Euro’s decline took it from $1.44 to $1.26 (a huge move for a major currency). After such a huge fall, it was only natural to see the Euro stage a “relief” rally. As you can see from the chart, this rally allowed the Euro to make back some of its […]

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Gold Prices Below 200 Day Average Despite Rally

Gold and silver regained some ground this week following their losses before Easter, says Ben Traynor at BullionVault. But gold remained below its 200 day moving average – which looks set to rise further. Watch this week’s video to find out more… Get the safest gold at the lowest prices with BullionVault. Author: Ben Traynor  

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Asian Traders Buying Gold on Dips, Longer-Term Investment Driven by Low Rates & Inflation Fears

Prices quoted for Buying Gold fell together with the US Dollar on Thursday morning in London, dropping away from $1660 per ounce and falling harder in other currencies as commodities also edged lower. Silver Prices slipped back to $31.50 per ounce, some 1.1% lower for the week so far. The Euro rose almost 1¢ to a 1-week high of $1.3170, pushing the price for Eurozone investors Buying Gold down 1.2% from Tuesday’s late 1-month high of €1271 per ounce (€40,868 per kilo). “Gold is struggling, weighed down by…faltering investor interest,” says today’s note from South Africa’s Standard Bank. “Physical demand on the other hand has been supportive, with particularly strong buying coming out of the Far East […]

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Gold Hovers as Spain and Italy Face Higher Debt Costs

Prices to Buy Gold hovered just below $1660 per ounce for most of Wednesday morning’s London trading – a 1.5% gain on the week so far – as stocks recovered some ground following yesterday’s losses, commodities were broadly flat and government bond prices fell. Silver meantime held above $31.50 an ounce – though it remains below where it started the week. Gold Prices rallied in yesterday’s US trading, hitting a high of $1663 per ounce. “This lessens the short-term bearish posture,” says the latest technical analysis note from bullion bank Scotia Mocatta. “However, we would like to see another close higher before shifting to bullish.” US stock markets meantime fell in Tuesday’s trading, […]

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Physical Gold Bullion Demand Picks Up as India Strike Ends

Gold Bullion prices drifted down to $1642 per ounce during Tuesday morning’s London trading – though still slightly up on last week’s close following gains in Asia – while stocks fell and commodities were flat as markets digested last Friday’s disappointing US jobs data. “Major support [for gold] comes from the long-term uptrend, which is still intact, currently around $1600,” says the latest technical analysis note from bullion bank Scotia Mocatta. Based on PM London Fix prices, however, Gold Bullion remains below its 200-day moving average, which was $1687 per ounce following the last fix before the Easter break on Thursday. Silver Bullion meantime dipped to $31.49 per ounce before recovering some ground by Tuesday lunchtime […]

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Why is Turkey Turning to Gold?

Why is Turkey Turning to Gold?

Turkey has announced some interesting policies towards gold recently. What are they up to…?read more

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Buying Gold in Financial Repression

| April 4, 2012 | Articles: Insights
Buying Gold in Financial Repression

There’s no escaping financial repression. Apparently. But what about Buying Gold…?read more

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