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By Michael McFarlin |
May 24, 2012
After making a record high late last year, gold has steadily given up gains. This may surprise some, given the continued uncertainty out of Europe and gold’s traditional role as a safe-haven.
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By Jon Nadler |
May 23, 2012
The yellow metal thus fell by 2% to an intra-day low of $1,560.60 on the bid-side as the US dollar picked up some serious safe-haven-flight flavored steam and gained more than eight-tenths of a percent.
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By Adam Hamilton |
May 19, 2012
Gold stocks have been slammed mercilessly this month, their price action looking almost apocalyptic.
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By Jon Nadler |
May 16, 2012
Gold prices closed at their lowest level of 2012 after having probed even lower (around $1,540) during the trading day on Tuesday. The dollar’s 13-day advance is the longest winning one since the trade-weighted index was created.
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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 20, 2012
Barclays Capital analysts find that the slow but steady leakage of metals tonnage from various ETFs is underscoring the ebbing interest in precious metals at the present time. Gold balances in such vehicles have declined by six tonnes this month.
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By Jon Nadler |
April 18, 2012
This morning, the midweek session in New York opened lower as gold notched a fourth day of losses, and traded near $1,640 per ounce. Anxieties connected to China’s economy flared up once again this morning.
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By Jon Nadler |
April 16, 2012
Gold prices lost nearly $17 on Friday and they basically erased Thursday’s Fed-oriented, optimism-based move. The yellow metal finished the week at $1,658.50 the ounce. Silver lost nearly 90 cents.
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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.
