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By Austin Kiddle |
February 8, 2013
On Feb. 7, the ECB kept its interest rate unchanged at 0.75% but commented that the recent Euro/Dollar appreciation could derail the economic recovery in Europe. The gold price fell in reaction to the rising U.S. dollar.
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By Austin Kiddle |
February 1, 2013
The U.S. Comex gold futures surged 1.15% on Wednesday after the disappointing U.S. Q4 GDP data was released while the Fed maintained its bond-purchase program of $85 billion a month.
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By Austin Kiddle |
January 30, 2013
The gold-backed ETP holdings fell 22 metric tons from the Dec. 20 peak to 2,610.272 metric tons on Jan. 27. As the economy recovers, investors' appetite for gold may have decreased.
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By Austin Kiddle |
January 25, 2013
The gold futures shot up to a recent high of $1,697.80 on Jan. 17 during New York hours, but are now trading 1.64% below that level. Several reasons are offered for the weakness.
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By Austin Kiddle |
January 18, 2013
The Fed and some large investors are sounding alert on the overheating of the riskier assets as the Fed has been buying $85 billion of bonds each month. More asset inflation is better for gold prices.
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By Austin Kiddle |
January 16, 2013
Weaker growth, the U.S. debt ceiling discussions and the hopes for more central bank stimulus have been supporting gold prices.
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By Austin Kiddle |
January 11, 2013
Better than expected Chinese exports data cheered the stock, gold and commodities markets. In December, Chinese exports jumped 14.1%, compared to a forecast of 5%.
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By Austin Kiddle |
January 9, 2013
As Japan's new Prime Minister Abe is determined to fight deflation and spur economic growth in Japan, he has renewed interests among Japanese funds in gold as an asset class among the pension funds.
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By Austin Kiddle |
January 4, 2013
Gold, stocks and bond prices plunged on Thursday after the release of the December FOMC minutes, which revealed that QE3 could end this year.
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By Austin Kiddle |
January 2, 2013
Analysts are split on the outlook for gold price this year. Based on the World Gold Council's data, overall gold demand in the first three quarters in 2012 fell about 8% year-on-year.
