-
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.
-
By Anthony Lazzara |
May 16, 2013
The gold market has had a lot of trouble staying below a key resistance area of $1,475-$1,480. A key level below the current price is $1,340.
-
By Debarati Roy, Bloomberg |
May 16, 2013
Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month.
-
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.
-
By Joe Richter and Debarati Roy, Bloomberg |
May 14, 2013
Consumers will sell the least used gold in five years after prices tumbled into a bear market, curbing a source of metal that typically accounts for about one in every three ounces of global supply.
-
By Swansy Afonso, Bloomberg |
May 13, 2013
Gold imports by India, the world’s biggest consumer, may soar this quarter as a plunge in prices spurs demand for jewelry, coins and bars during the country’s biggest bullion festival, a jewelers’ group said.
-
By Elizabeth Campbell, Bloomberg |
May 13, 2013
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year while BlackRock Inc., the world’s biggest money manager, said it’s still bullish.
-
By John L. Caiazzo |
May 12, 2013
Ambiguous employment data and rising inventories suggest roadblocks may emerge in recovery.
-
By Alasdair Macleod |
May 10, 2013
Attention is now firmly focused on Chinese and Indian demand for gold, which between them is absorbing all non-Asian mine supply. Chinese net purchases of gold totaled 320.54 tonnes in the first quarter 2013.
-
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.
