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 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
Peru’s production of gold and silver rose in October, while output of copper and zinc declined, the government said. The Ministry of Mines and Energy said Wednesday that output of gold totaled 14,334 kilograms, up 8.06% compared to the same month a year earlier, as output increased at a number of mines. Originally from MarketWatch
Gold futures extend fall in electronic trading as the U.S. dollar edges higher after Standard & Poor’s lowered its ratings outlook on sovereign debt of 15 euro zone nations. Originally from MarketWatch
Gold prices edged up on Friday as investors hope the European summit next week could finally yield a concrete solution to Europe’s sovereign debt crisis. Originally from Mineweb – Daily news headlines
LONDON (MarketWatch) — Crude-oil and gold futures dropped on Wednesday, as a spike in Italian bond yields prompted traders to sell equities and commodities and buy the U.S. dollar. Crude oil for December delivery fell $1.62 to $95.18 a barrel in electronic trading on Globex. December gold futures dropped $19.20 to $1,780 an ounce in [...]
Many commentators believe that the much touted Eurozone summit will struggle to reach agreement on details, a sentiment that saw gold trade inversely to equities for the first time in a few weeks Originally from Mineweb – Daily news headlines
Gold futures rally, finding support as a drop in U.S. consumer confidence, a weak stock market and uncertainty ahead of the European Union summit buoyed the metal’s safe-haven appeal. Originally from MarketWatch
SAN FRANCISCO (MarketWatch) — Canadian stocks were slightly higher on Monday after progress in this weekend’s European Union summit lifted investor sentiment. At last check, the benchmark S&P/TSX Composite Index gained 135.75 points, or 1.1%, at 12,085.24. Metals and mining stocks led gains in Toronto, as gold futures tracked the rise in U.S. stocks. Shares [...]
SAN FRANCISCO (MarketWatch) — Gold futures rose Monday, tracking U.S. stocks as the metal continues to follow the lead of equities as safe-haven buying has largely dried up. “There is currently a high correlation between (speculators) positioning on” Comex and gold price movements, analysts at Commerzbank said in a note to clients Monday. Gold for [...]
Shares in Russia’s Petropavlovsk were up 3.4% following the announcement of a 65% increase in its third-quarter gold output, which beat most forecasts and is likely to meet the company’s target of 600,000 oz this year. Originally from Mineweb – Daily news headlines
Gold futures fall as investors weigh the European Union’s plans to boost banks’ capitals, with gains in the dollar serving to exert downward pressure on precious metals. Originally from MarketWatch
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