Gold was down a touch on Thursday, recovering from an earlier low of $1,602.04/oz but struggled to gain traction as concerns over the depth of the euro zone crisis continue. Originally from Mineweb – Daily news headlines
Gold prices held steady early Thursday, despite failures by an ECB tender to boost market confidence in the euro zone’s ability to tackle its debt crisis. Originally from Mineweb – Daily news headlines
Talking Points Crude Oil Pressured by Risk Aversion But Chart Hints at Bounce Ahead Gold Taking Cues from US Dollar’s Response to Euro Crisis News Flow WTI Crude Oil (NY Close): $93.53 // -0.34 // -0.36% Crude oil prices are under pressure in European trade as Eurozone debt crisis jitters and the death of Kim [...]
SPOT MARKET gold prices briefly touched $1600 an ounce Friday lunchtime in London – 2.3% up on this week’s lows – while stocks and commodities were broadly flat compared to Thursday’s closing prices. "Physical market demand continues to improve," says Walter de Wet, commodities strategist at Standard Bank. Originally from The Market Oracle
The gold price continued to drop on Thursday after dropping 3.5% in the previous session, as investors remained nervous about the euro zone debt crisis. Originally from Mineweb – Daily news headlines
The gold price fell to a three-week low on Monday, as lack of confidence in Europe pushed investors into the relative safety of the U.S. dollar. Originally from Mineweb – Daily news headlines
Gold is trading at USD 1,719.00, EUR 1,283.70, GBP 1,095.30, CHF 1,582.40, JPY 135,510 and AUD 1,689.0 per ounce. Gold’s London AM fix this morning was USD 1,712.00, GBP 1,094.49, and EUR 1,281.34 per ounce. Yesterday’s AM fix was USD 1,739.00, GBP 1,105.81, and EUR 1,297.28 per ounce. Originally from The Market Oracle
The gold price climbed on Friday, but the uncertainty around the euro zone’s ability to resolve the two-year-old debt crisis remains a concern in the market. Originally from Mineweb – Daily news headlines
Earlier this week, Standard & Poor’s placed Germany, France and 13 other eurozone nations on negative credit watch, saying “continuing disagreements among European policy makers on how to tackle” the region’s debt crisis risk is damaging their financial stability. Furthermore, S&P warned that the European Financial Stability Facility may lose its top credit rating. “We [...]
Gold slipped on Tuesday, hit by persistent fears about Europe’s debt crisis after Standard & Poor’s warned it could downgrade euro zone nations if no concrete plan to resolve the crisis emerges. Originally from Mineweb – Daily news headlines
If you have more wealth than a bushman then you must listen to one the smartest guys on the planet as to the next debt crisis plays that is about to happen! Points: 1) USD will get a bid from Euro and Japan issues in the next 12 months 2) The time is goto asset [...]
Gold prices edged up on Friday as investors hope the European summit next week could finally yield a concrete solution to Europe’s sovereign debt crisis. Originally from Mineweb – Daily news headlines
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