The gold price is set for its largest one-day rise since mid-December, boosted by a rise in the euro against the dollar. Originally from Mineweb – Daily news headlines
On Thursday, Italy sold 7.02 billion euros of longer-dated bonds in the country’s final debt sale of the year. Although the yield on the 10-year bond decreased to 6.98 percent from November’s 7.56 percent, there is still plenty of concern weighing on the euro. The struggling euro has given a boost to the U.S. dollar, [...]
The price of gold traded firmer in London on Friday, as strong data out of the U.S. prompted interest in riskier assets at the expense of the dollar Originally from Mineweb – Daily news headlines
THE PRICE OF spot gold bullion was little changed Thursday morning in London, easing back from $1610 per ounce after yesterday’s sharp spike and pullback in what dealers again called "thin" trade ahead of Christmas. European stock markets reversed Wednesday’s drop to trade near two-week highs. Originally from The Market Oracle
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
The gold price rose above $1,640/oz on Wednesday after better-than-expected take up by European banks of ECB-tendered cheap loans, easing fears of a credit crunch. Originally from Mineweb – Daily news headlines
Gold climbed 0.8% on Tuesday as the Euro strengthened against the US dollar, but gains were capped by concerns that policymakers’ efforts to address the euro zone debt crisis are falling short. Originally from Mineweb – Daily news headlines
The near-term picture is that of a market pricing in a worsening in the European situation, and with it a global growth slowdown and potential deflation. Most ominous is the behavior of gold, writes Kevin Marder. Originally from MarketWatch
WHOLESALE MARKET gold bullion prices rose to $1607 an ounce Monday lunchtime in London – 0.5% up from last Friday’s close – while European stocks and commodities were broadly flat and government bond prices eased. Silver bullion meantime rose to $29.36 per ounce just ahead of New York’s open – 1.2% down on last week’s close. Originally from [...]
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 [...]
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
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