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By Jon Nadler |
April 20, 2012
Barclays Capital analysts find that the slow but steady leakage of metals tonnage from various ETFs is underscoring the ebbing interest in precious metals at the present time. Gold balances in such vehicles have declined by six tonnes this month.
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By Jon Nadler |
April 18, 2012
This morning, the midweek session in New York opened lower as gold notched a fourth day of losses, and traded near $1,640 per ounce. Anxieties connected to China’s economy flared up once again this morning.
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By Jon Nadler |
April 16, 2012
Gold prices lost nearly $17 on Friday and they basically erased Thursday’s Fed-oriented, optimism-based move. The yellow metal finished the week at $1,658.50 the ounce. Silver lost nearly 90 cents.
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By Jon Nadler |
April 13, 2012
Yesterday’s “Fedspectations” turned down a notch as market participants had somewhat bigger news this morning; specifically, the story out of China that there has been a sharper-than-expected slow-down in that country’s economy.
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By Jon Nadler |
April 11, 2012
The midweek trading session in precious metals opened to the downside in New York this morning despite a 0.31% drop in the US dollar on the trade-weighted index and a 0.30% gain in crude oil values.
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By Jon Nadler |
April 9, 2012
At least in part, the rise in gold can also be attributed to the news out of India that the country’s jewelers called off their three week-old protest strike.
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By Jon Nadler |
April 4, 2012
Gold headed sharply lower and touched the $1640.00 bid level as panicked sellers pulled the “Bail!” triggers en masse.
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By Jon Nadler |
April 2, 2012
Overall, the speculative gold trade is still concerned about the potential slackening of physical gold demand from key consuming nations such as India and Turkey and about waning investment demand.
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By Jon Nadler |
March 30, 2012
Swiss Bank UBS yesterday trimmed its 2012 gold price forecast by a hefty 18%, down to $1,680 per ounce, as it sees gold as being “at risk.”
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By Jon Nadler |
March 28, 2012
President of the Bombay Bullion Association has projected that 2012’s Indian gold imports could fall to 450 metric tonnes, down 53% compared to the putative 969 metric tonnes that may have been imported last year.
