Cusick’s Corner 12-30-2011 2011 was quite the roller coaster and looks like some early trends could be emerging for 2012. Happy New Year — see you in 2012! Stock market averages are underwater and trading is slowing late-Friday. With no economic data to guide the morning action, trading had turned mixed in eventful action through [...]
While global stocks fell 8% over the year, gold fixed in London for the last time this year at $1,574.50, 11, up 11.6% on 2010 Originally from Mineweb – Daily news headlines
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures closed with a more than $10-an-ounce loss Tuesday as upbeat U.S. economic data helped dull safe-haven investment demand for the metal. Gold for February delivery fell $10.50, or 0.7%, to settle at $1,595.50 an ounce on the Comex division of the New York Mercantile Exchange. Prices, which closed at [...]
Originally from MarketWatch
Gold prices close lower to log a second-straight session of declines as upbeat U.S. economic data helps drive gains in the U.S. stock market. Originally from MarketWatch
Gold futures finish lower, with investors favoring the U.S. dollar over gold after the European Central Bank’s loan offer to euro-area banks. Prices hold above $1,600 an ounce but log their sixth loss in eight sessions. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures closed lower Wednesday, pulling back by $4 an ounce after a gain of nearly $21 in the previous session as the U.S. dollar saw modest strength in the wake of the European Central Bank’s loan offer to euro-area banks. Gold for February delivery fell 0.3% to settle at $1,613.60 [...]
Futures are set to close below $1,600 for a fourth session in a row as strength in the U.S. dollar helps to lure demand away from the metal. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures closed modestly lower Monday, after attempting to rebound from last week’s nearly 7% drop, as strength in the U.S. dollar helped lure investment demand away from the metal. Gold for February delivery fell $1.20, or 0.1%, to settle at $1,596.70 an ounce. Prices have now logged four-consecutive closes below [...]
SAN FRANCISCO (MarketWatch) — Gold futures climbed Friday to break a four-session losing streak, but prices finished the week with a loss of 6.9%. The session’s gains for the precious metal came as U.S. stocks inched lower, pressured by news that Fitch Ratings placed ratings of some euro-zone nations on credit negative watch. Gold for [...]
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