Gold Speaks

(Reuters) – Spot gold prices turned lower late Thursday, after rising to as much as $ 1,772.14 earlier in the session. Originally from Reuters: Business News

Gold rebounded in Asian trade on Wednesday, paring some of the large losses during the prior session, as the metal’s safe-haven appeal regained some luster amid a mixed session for major Asian equity markets and after a credit-rating firm downgraded Japan’s debt. Originally from MarketWatch

An investor surge into gold has helped to make the SPDR Gold Trust the largest exchange-traded fund in the world for the first time with total assets of $76.7bn Originally from Mineweb – Daily news headlines

The gold price hit yet another new high in Asian trading as the U.S. seemed no closer to reaching agreement on raising its debt ceiling making a technical default less unlikely. Originally from Mineweb – Daily news headlines

(Adds details throughout.) Bank of America Merrill Lynch has raised its forecasts for spot gold for this year and next, while cutting estimates across a range of London Metal Exchange-traded base metals, citing expectations of continued low interest rates in countries such as the U.S. and the recent slowdown in global growth. Originally from MarketWatch

Spot prices for gold climbed to a record at midday in Asia on Monday, extending the metal’s recent gains, as reports circulated that China may tap its $3 trillion foreign-exchange reserves stockpile to launch special commodity and forex funds to soak up excessive liquidity. Originally from MarketWatch

Spot prices for gold climbed to a record at midday in Asia on Monday, extending the metal’s recent gains, as reports circulated that China may tap its $3 trillion foreign-exchange reserves stockpile to launch special commodity and forex funds to soak up excessive liquidity. Originally from MarketWatch

Originally from MarketWatch

NEW YORK (TheStreet ) — Gold and silver prices were jumpy Friday as the metals’ week-long rally was stymied by profit-taking and a rise in equities. Gold for April delivery was sinking $8.10 to $1,407.70 an ounce at the Comex division of the New York Mercantile Exchange. The gold price started to slide Thursday after [...]

NEW YORK (TheStreet ) — Gold and silver prices were jumpy Friday as the metals’ week-long rally was stymied by profit-taking and a rise in equities. Gold for April delivery was sinking $11.50 to $1,404.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price started to slide Thursday after [...]

Originally from MarketWatch

As investors stand on sideline awaiting emergence of clear trend, traders say long term bullish course intact. Gold may rise to $1,385-$1,390 range. Originally from Mineweb – Daily news headlines