Futures fall nearly $100 before recovering a bit, weighed by year-end profit-taking and a drop in the euro that signaled a new level of anxiety about the region’s sovereign-debt crisis. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday lost more than 4%, closing below the key $1,600-an-ounce mark and suffering their biggest one-day loss since late September. Disappointment that the Federal Reserve was sticking to its current policy stance and the dollar’s rise against the euro , which fell below $1.30, sent gold through its [...]
Gold futures fall more than 5% Wednesday, a selloff that deepened as the euro dropped below the $1.30 level, signaling a new level of panic about the Europe’s debt crisis and prompting the metal’s breach of some long-held technical levels. Originally from MarketWatch
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures fell 2% in electronic trading late Tuesday, pressured as the U.S. dollar strengthened further. The U.S. Federal Reserve’s statement “was termed ‘guardedly upbeat’, with no change in course expected,” said Darin Newsom, a senior analyst at Telvent DTN. “Given that, gold has come under pressure as ‘safe-haven’ money comes [...]
The gold price fell to a seven-week low on Tuesday on concerns ratings agencies may downgrade some Euro zone nations over a lack of concrete plans to tackle the debt crisis. Originally from Mineweb – Daily news headlines
Gold prices decline as a firmer U.S. dollar weighs down commodities, including precious metals. Originally from MarketWatch
Gold prices decline as a firmer U.S. dollar weighs down commodities, including precious metals. Originally from MarketWatch
Gold prices decline as a firmer U.S. dollar weighs down commodities, including precious metals. Originally from MarketWatch
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
Originally from MarketWatch
Originally from MarketWatch
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