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
SAN FRANCISCO (MarketWatch) — Gold futures pared its earlier gains Wednesday after the Federal Reserve repeated its intention to hold rates close to zero until mid-2013, but prices soon recovered to trade near the session’s high. Gold for December delivery rose $30.70, or 1.8%, to trade at $1,742 an ounce on the Comex division of [...]
“Returns to form” for gold, China considers “strategic opportunities” of bailing out Europe, EFSF “lacks funds to support both banks and sovereigns” Originally from Mineweb – Daily news headlines
Lower prices attracted buyers back into the gold market on Thursday, helping boost the metal after the previous session’s sell off Originally from Mineweb – Daily news headlines
SAN FRANCISCO (MarketWatch) — Gold futures recouped some of their recent losses as the lower prices enticed people back to the market. Gold for December delivery added $16.80, or 0.9%, to settle at $1,830.10 an ounce on the Comex division of the New York Mercantile Exchange. Prices had declined 2.5% on Monday and investors were [...]
–4Q gold production up 16% on quarter at 700,124 oz –4Q copper output 20,127 tons versus 3Q 20,098 tons –Annual gold production rises 53% to 2.7 million oz (Adds detail in 2nd-4th, 6th and 8th paragraphs.) Newcrest Mining Ltd. (NCM.AU), Australia’s largest gold producer, reported Thursday a sharp recovery in quarterly production of the precious [...]
NEW YORK (MarketWatch) — Gold futures fell further and oil prices pared an earlier gain on Friday, following a recovery by the dollar against the euro. U.S. stock futures also erased earlier gains, as traders reaccess Thursday’s late announcement of a longer-term plan to support Greece and the International Energy Agency’s release of oil reserves. [...]
THE WHOLESALE market price of gold bullion leaped $10 per ounce to $1539 Friday lunchtime in London – recovering the last of this week’s 1.1% fall – before sliding back as the US Dollar fell on surprisingly weak US jobs data. The US economy added 54,000 jobs in May, according to the non-farm payroll report from the [...]
The implications of Osama Bin Laden’s death are filtering through to the markets and, after an initial dive, gold seems to be clawing its way back upwards. Silver is still finding it tough going though. Originally from Mineweb – Daily news headlines
Gold and silver contracts beat an Asian retreat. Gold slips below the $1,500 level before recovering back above the century mark, while silver briefly plunges more than 5% before steadying somewhat. Originally from MarketWatch
THE PRICE OF GOLD rose in London trade on Wednesday to regain $1400 per ounce as a rally in Japanese shares failed to prevent further losses in global stock markets. With 450,000 people now homeless in freezing conditions, technicians at the stricken Fukushima nuclear plant were forced to abandon their work by a jump in [...]
My near-term work indicates that this morning’s spike low in Freeport-McMoRan Copper & Gold (NYSE: FCX) at 48.61 followed by a sharp upside reversal above 50.00 (so far) has the right look of the end of the corrective process off of its 1/12 high at 61.34. If that proves to be the case, then FCX [...]
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