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) — Crude-oil futures rose Thursday, extending the prior session’s gains after a surprise drop in inventories and after an optimistic report on jobs data, while gold futures fell. Oil for February delivery rose 73 cents, or 0.7%, to $99.40 a barrel on the New York Mercantile Exchange. Gold for February delivery fell [...]
The latest technical chart analysis shows that the previously predicted gold price target of $3,000 by mid-year remains intact despite the recent price setbacks Originally from Mineweb – Daily news headlines
SAN FRANCISCO (MarketWatch) — Oil futures turned lower while gold futures briefly dipped into the red Thursday after a report on U.S. weekly jobless claims showed a rise over 400,000 in the latest week. Oil for January delivery , trading at $100.51 a barrel before the data, fell 33 cents to $100.30 in electronic trading [...]
SAN FRANCISCO (MarketWatch) — Canadian stocks traded higher Friday led by the real estate sector. The S&P/TSX Composite Index rose 0.1% led by the S&P/TSX Capped Real Estate Index, which advanced 0.7%. Shares of Brookfield Asset Management Inc. rose 2.6% and Brookfield Office Properties Inc. advanced 1.2%. Other notable gainers included Barrick Gold Corp. , [...]
Gold futures add more than 1%, playing off the dollar on the heels of contract having hit four-week lows. Silver rallies as traders key on copper. Originally from MarketWatch
Gold futures add more than 1%, keying off the dollar on the heels of having hit four-week lows. Originally from MarketWatch
Twelve years ago, Goldman Sachs converted from a private partnership to a publicly traded company. This enabled them to take more extreme risk at the expense of others (e.g., clients, taxpayers). Co-CEO Jon Corzine was instrumental in consummating this conversion, receiving roughly $400 million from the initial public offering (IPO). Originally from The Market Oracle
Africa’s second-largest gold miner, Ghana, will increase the current corporate tax rate to 35%, from 25% for mining companies, according to the 2012 budget delivered to parliament on Wednesday. Originally from Mineweb – Daily news headlines
Dennis Gartman believes that the yellow metal is likely to rise to a new record in euro terms as the region’s sovereign debt crisis erodes the appeal of the currency Originally from Mineweb – Daily news headlines
MUMBAI (MarketWatch) — Gold futures rose on Thursday, with safe-haven flows going into the precious metal ahead of a Group of 20 meeting where Greece and European leaders will again be on the spot about the region’s crisis. Gold for December delivery was up $3.10 at $1,732.70 an ounce. Gains were curbed by a stronger [...]
LONDON (MarketWatch) — Gold and silver futures rose early Wednesday, as investors sought a safe haven ahead of a debt-crisis summit of euro-zone leaders later in the day. Gold for December delivery rose $14.50, or 0.8%, to $1,714.90 an ounce in electronic trading on Globex. December silver futures advanced 68 cents, or 2.1%, to $33.73 [...]
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