SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday suffered their biggest one-day percentage drop since March 2008, as investors booked their profits amid doubts whether the U.S. Federal Reserve will unveil any steps to prop up the U.S. economy. Traders also feared additional margin requirement increases in the U.S. Gold for December delivery lost $104, [...]
Investors concerned about the myriad threats facing the global economy moved into gold, pushing the yellow metal to a new record above $1,778 an ounce. Originally from Mineweb – Daily news headlines
LONDON (Reuters) – World stocks sank sharply for a 10th session running on Tuesday, racking up a 20 percent loss since early May, and gold hit another record high as investors continued to dump riskier assets in highly volatile markets. Originally from Reuters: Business News
SEOUL (Reuters) – South Korea’s central bank bought gold for the first time in more than a decade as global growth and debt uncertainties encourage monetary authorities around the world to diversify foreign reserves. Originally from Reuters: Business News
SEOUL (Reuters) – South Korea’s central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news. Originally from Reuters: Business News
Gold is trading at $1,530.10/oz, €1,085.49/oz and £950.31/oz. Gold is higher in Euros but mixed in other currencies this morning as the euro continues to weaken on sovereign debt and contagion risk. Originally from The Market Oracle
Gold and silver are lower today despite equities being mixed and Eurozone debt markets exhibiting signs of stress again with Portuguese and Greek bonds being sold with yields rising again despite the latest “bail out” speculation. Originally from The Market Oracle
SAN FRANCISCO (MarketWatch) — Gold futures rose Friday on a weaker dollar and ongoing concerns about unrest in the Middle East and North Africa as well as euro-zone sovereign debt. Gold for August delivery added $13.50, or 0.9%, to settle at $1,536.30 an ounce, the metal’s highest close since May 3. Silver for July delivery [...]
SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday ended above $1,500 an ounce for the third time in a row, settling at their highest since May 3. Gold for June delivery added $7.90, or 0.5%, to finish at $1,523.30 an ounce at the Comex division of the New York Mercantile Exchange. Silver futures rallied 3.5%, [...]
SAN FRANCISCO (MarketWatch) — Gold futures gained more than 1% on Friday and settled above $1,500 an ounce for the first time since May 12, and at their highest since May 10. Concerns about euro-zone debt resurfaced and spurred some flight to quality to gold. Gold for June delivery gained $16.50, or 1.1%, to $1,508.90 [...]
Following a rout for many commodities, gold futures settle higher and silver loses 1% as an early rebound fizzles and the metal has its worst week since March 1980. Originally from MarketWatch
NEW YORK (Reuters) – Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals’ appeal as a hedge against inflation and economic uncertainty. Originally from Reuters: Business News
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