CPM Group

Used gold supply heads for ’08 low as sellers balk

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.

Metals market attention shifts to China

By Jon Nadler | September 17, 2012

Now that the Fed news has been “baked” into the market equation, participants are once again focusing on the slowdown in China and the structural issues plaguing the financial side of the EU.

Gold traders mull Spanish bailout amid deflation concerns

By Jon Nadler | June 11, 2012

Gold got off to a relatively strong start overnight as prices opened firmer overseas and briefly retook the $1,600 level. The bulk of the gains were driven by the perception that the rescue plan for Spain’s banks would be euro-beneficial.

Gold bull may have ended in August 2011

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.

Gold falling as Indian demand may drop 53% in 2012

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.