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By Siddhartha Singh, Swansy Afonso and Tushar Dhara, Bloomberg |
January 21, 2013
India, the world’s largest bullion buyer, raised taxes on gold imports to reduce a record current-account deficit and moderate demand for the precious metal that’s rallied for 12 straight years.
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By John L. Caiazzo |
September 23, 2012
The European debt crisis and the grinding recovery in the U.S. housing market continue to stifle any real economic recovery.
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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.
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By Jon Nadler |
August 27, 2012
The four principal precious metals are flashing the “overbought” signal in the wake of last week’s “Fedphoria-induced” rallies. Additionally, the GOP ignited a firestorm debate over the viability of returning to the gold standard.
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By Jon Nadler |
July 27, 2012
The final trading session of the week opened higher in metals as participants continued to bet that Mr. Draghi’s words will translate into action and that the GDP numbers will be the final motivating factor for the Fed to take action next week.
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By Jon Nadler |
July 23, 2012
The new trading week was off to a rocky start in precious metals as, despite only a relatively small, 0.20% advance in US dollar (to just above 83.80 on the index) the complex headed for lower price ground overnight.
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By Jon Nadler |
May 7, 2012
Spot gold bullion traded at lows near the $1,635 level in Sunday night trading, while the news from Paris also engendered bid-side quotes at near $29.90 for silver.
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By Jon Nadler |
April 27, 2012
The US dollar and stock index futures frowned upon the GDP estimate and headed lower. The development may give gold players another chance at trying to go for the assault on the $1,660-$1,675 resistance area.
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By Jon Nadler |
April 23, 2012
Spot gold fell $19 (1.1%) after the opening bell and was quoted at $1,623.50 the ounce. In the background, the US dollar was up 0.40% at 79.53 on the index and crude oil lost $1.02 to ease to the $102.80 level per barrel.
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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.
