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By Chanyaporn Chanjaroen, Bloomberg |
June 10, 2013
Deutsche Bank AG started a gold storage facility at the Singapore FreePort with a capacity to hold as much as 200 metric tons, its largest vault outside London, the bank said.
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By John Caiazzo |
June 10, 2013
On Friday the jobs data provided the "snake oil" for equity investors but was received with mixed feelings going forward. Of course that assessment completely overlooked the Thursday first time unemployment data showing 346,000 jobs lost.
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By Anthony Lazzara |
June 7, 2013
We believe gold will approach 2013 lows, and possibly break below $1,300. Our key targets are first $1,340, and then $1,290. Gold is down $32 today to $1,383.
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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 Jamie Macrae |
June 6, 2013
The PGM metals — platinum and palladium — are typically highly correlated assets. However, since February of this year, they have diverged, with palladium pushing toward the highs while platinum has languished.
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By Joe Richter, Elizabeth Campbell and Debarati Roy, Bloomberg |
June 6, 2013
Commodities are trailing equities for the longest stretch in almost 15 years as Goldman Sachs Group Inc. and Citigroup Inc. predict the end of the decade-long bull market even as the global economy expands.
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By Siddhartha Singh, Swansy Afonso and Nicholas Larkin, Bloomberg |
June 5, 2013
India, the world’s largest gold buyer, increased a tax on bullion imports to curb a record current-account deficit at a time when the World Gold Council predicts record quarterly demand for the metal in the country.
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By Lu Wang and Sonja Elmquist, Bloomberg |
June 5, 2013
Alcoa Inc.’s speculative-grade credit ranking at Moody’s Investors Service makes it only the second junk-rated Dow Jones Industrial Average company in at least three decades. It took four years for the first to be ejected.
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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 Joe Richter, Bloomberg |
June 3, 2013
Hedge funds increased positions on a gold rally by the most in two months as the U.S. economy expanded less than previously estimated, boosting speculation the Federal Reserve will maintain the pace of stimulus.
