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By Austin Kiddle |
June 14, 2013
The number of bearish gold traders has increased the most since a month ago. The gold-backed ETP holdings fell to a two-year low of 2,117.96 metric tons on Thursday.
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By Austin Kiddle |
June 7, 2013
As stock prices wobble and the U.S. dollar falls, the number of gold traders who are expecting a jump in the gold price next week rises to the highest since mid-March.
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By Austin Kiddle |
June 5, 2013
Gold prices jumped on Monday in reaction to the unexpected contraction in the U.S. May ISM manufacturing data to 49 from last month's 50.7, giving the market hopes that the Fed will continue its stimulus.
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By Austin Kiddle |
May 17, 2013
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
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By Austin Kiddle |
May 15, 2013
Bubble talks about bonds and stocks have surfaced as have the concerns that the Fed will taper off its QE program sooner than expected. Strength in physical gold demand has countered the gold-backed ETF outflows.
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By Austin Kiddle |
May 10, 2013
During the week ending May 9, the gold-backed ETP holdings rebounded 0.1% to 2,241.708 metric tons, the first rise since the beginning of April. In India, gold imports will likely top 100 tonnes in May.
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By Austin Kiddle |
May 8, 2013
After rising for two consecutive weeks, the U.S. Comex gold futures fell 1% week-to-Tuesday to $1,448.80 although prices touched $1,458 on Wednesday Asian morning. The story of the week is still rising equities.
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By Austin Kiddle |
May 3, 2013
According to a local Hong Kong newspaper, the largest fall in gold prices in 30 years prompted the Mainland Chinese tourists to buy about 60 tonnes of gold in Hong Kong during the three-day Labor Day holiday.
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By Austin Kiddle |
May 1, 2013
Gold investors are keenly watching the direction of the gold-backed ETP holdings, which fell 174 metric tons or 7.1% in April to 2,275.84 metric tons. The SPDR gold holdings fell to a 43-month low to 1,078.54 tons at the end of April.
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By Austin Kiddle |
April 26, 2013
U.S. Comex gold futures surged 4.76 % to $1,462.0 on Thursday, about 6.6 % below the closing level of 11 April before the rout occurred.
