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By Nicholas Larkin, Bloomberg |
May 17, 2013
Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low.
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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.
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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.
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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.
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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.
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By Sholom Sanik |
May 15, 2013
Copper prices fell to a two-year low earlier this month. The other London-traded base metals followed a similar pattern. In what we view as merely extremely oversold conditions, copper staged a mighty 10% rally.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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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.
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By Stephen Kirkland and Nikolaj Gammeltoft, Bloomberg |
May 14, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the largest economy. Industrial metals retreated on concern about China’s growth.
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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.
