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By Debarati Roy and Joe Richter, Bloomberg |
April 17, 2013
Investors are dumping gold funds at the fastest pace in two years in favor of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves.
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By Nicholas Larkin, Bloomberg |
April 16, 2013
The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment.
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By Stephen Kirkland and Inyoung Hwang, Bloomberg |
April 15, 2013
Commodities fell to a nine-month low, led by the worst plunge in gold since 1980, and global stocks slid the most since June as China’s economic growth unexpectedly slowed and investors speculated hedges against inflation were unneeded.
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By Tony C. Dreibus, Bloomberg |
April 15, 2013
Hedge funds and other speculators added to bullish gold bets as the metal slumped into a bear market and Goldman Sachs Group Inc. warned the retreat is accelerating after the longest rally in nine decades.
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By Lu Wang and Tony C. Dreibus, Bloomberg |
April 12, 2013
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials.
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By Glenys Sim, Bloomberg |
April 10, 2013
The turn in the gold price cycle is accelerating after a 12-year rally as the recovery in the U.S. economy gains momentum, according to Goldman Sachs Group Inc., which reduced forecasts for the metal through 2014.
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By Nicholas Larkin and Debarati Roy, Bloomberg |
March 12, 2013
Gold’s worst start to a year in a quarter century and the biggest sales by investors on record are increasing concern that bullion’s longest rally since the end of World War I is ending.
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By Liezel Hill, Bloomberg |
February 27, 2013
The gold-mining industry, which has underperformed the precious metal for each of the past six years, is pledging to report costs more accurately as part of its efforts to win back investor confidence.
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By Nicholas Larkin, Bloomberg |
February 15, 2013
Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal.
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By Debarati Roy and Phoebe Sedgman, Bloomberg |
February 15, 2013
Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years. John Paulson maintained his holding.
