SINGAPORE (Reuters) – Asian stocks were poised to end their first losing year in three on Friday, having shed nearly a fifth of their value as Europe’s debt crisis and financial turmoil took a toll on investors’ risk appetite, driving them to safer assets such as the U.S. dollar and gold. Originally from Reuters: Business [...]
SINGAPORE (Reuters) – Asian stocks were poised to end their first losing year in three on Friday, having shed nearly a fifth of their value as Europe’s debt crisis and financial turmoil took a toll on investors’ risk appetite, driving them to safer assets such as the U.S. dollar and gold. Originally from Reuters: Business [...]
The last week of the year volume tends to be light due to the fact that big money traders are busy enjoying the holidays and waiting for their yearend bonuses. I was not planning on doing much this week because of the low volume but after reviewing some charts and risk levels on my top [...]
Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures fell Thursday, headed for their sixth losing session in a row as crude oil futures also declined ahead of a government update on petroleum supplies. Gold for February delivery was down $30.30, or 1.9%, at $1,533.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices [...]
London gold and silver catch up with Indian jewelry slump and China gold exchange ban and fall to 2-week low in thin trade. Originally from Mineweb – Daily news headlines
London gold and silver catch up with Indian jewelry slump and China gold exchange ban and fall to 2-week low in thin trade. Originally from Mineweb – Daily news headlines
SYDNEY (MarketWatch) — Australian shares slipped in early trading Wednesday with resource firms mostly weaker. The benchmark S&P/ASX 200 shed 0.1% to 4,137.00 as the market reopened after a two-day holiday break. Iron-ore producer Fortescue Metals Group Ltd. lost 1.1%, gold miner Newcrest Mining Ltd. fell 2.1%, while BHP Billiton Ltd. [s bhp] dropped 0.9% [...]
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
HONG KONG (MarketWatch) — Gold futures dropped slightly in Asian trade Monday, drifting back toward the $1,600-per-ounce level amid an extended holiday weekend for markets around the region. Gold for February delivery eased $1.60, or 0.1%, to $1,609.00 per troy ounce on Comex. Market cues were limited, as many major bourses around the region remained [...]
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