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By Austin Kiddle |
April 12, 2013
Bears of gold are battling with the bulls, with the bears excited by the shorter-term factors such as the U.S. economic improvement, and the bulls encouraged by the longer-term hedging demand by the global central banks.
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By Austin Kiddle |
April 10, 2013
Barclays recently reiterate that the biggest short-term risk for gold prices will be gold-backed ETP outflows. Close to 18 tonnes of outflow occurred in the first week of April.
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By Austin Kiddle |
March 8, 2013
The underlying improving tone in the U.S. economy has prompted investors to buy equities and reduce their bets on gold prices. Even Japan reported a much higher-than-expected GDP growth of +0.2% in Q4.
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By Austin Kiddle |
March 6, 2013
After falling for four consecutive weeks, the U.S. Comex gold futures rebounded 0.17% this week, ending at $1,574.90 on Tuesday. The gold futures climbed a further 0.20% during early Wednesday Asian hours.
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By Austin Kiddle |
March 1, 2013
In the past few days, positive economic data from the major economies have accompanied the falling safe-haven demand for gold.
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By Austin Kiddle |
February 27, 2013
As traders have already cut their long positions or added to their short positions, it did not take much for the gold price to rally back from a recent low level of $1,554.30.
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By Austin Kiddle |
February 22, 2013
The release of the January FOMC minutes on Wednesday brought about gold selling. The market particularly focused on the governors' discussions of the risks and costs due to additional asset purchases.
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By Austin Kiddle |
February 20, 2013
Speculators reduced their bets on rising commodities prices by 15% in the week ending Feb. 12, the largest weekly reduction since mid-November. However, the cleaner positioning can prepare the stage for a gold price rebound.
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By Austin Kiddle |
February 15, 2013
Expectations of faster economic growth in the G20 countries and the aversion of major financial disasters have reduced the safe-haven demand for gold, pushing people to load up on risky assets such as equities.
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By Austin Kiddle |
February 13, 2013
Gold price has benefited as a hedge against fiat currency devaluation. The aversion to currency wars will likely hurt gold demand and gold prices.
