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Metal markets: gold slips, but still flats around record high

September 30, 2010 - 5:08am | Markets | News
Metal markets: gold slips, but still flats around record high

Thursday in Singapore, bullion prices edged lower, but flat within sight of a record high as it headed for an eighth straight quarterly gain, with prospects for a weaker dollar in focus on possible further US monetary easing.


Spot gold lost 60 cents slipping to $1,308.15 an ounce by 4:57 GMT after hitting a lifetime high around $1,313 on Wednesday, that appeared to be its 10th record high in the past 12 trading days.


The precious metal has gained as much as 19.8 percent this year, heading for its 10th consecutive annual gain.


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Metal markets: gold climbs holding near a record high

September 29, 2010 - 12:32am | Markets | News
Metal markets: gold climbs holding near a record high

Wednesday in Singapore, gold edged higher and held near a record high hit in the previous session, with the US dollar remaining under pressure from expectations the Fed would take new measures to shore up the economy.


Spot gold added $1.60 an ounce to $1,309.00 an ounce by 3:24 GMT after rising as high as $1,310.10 an ounce on Tuesday, setting its eighth record-high session this month.


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Metal markets: gold’s advancing on lingering worries over economic recovery

September 27, 2010 - 1:53am | Markets | News
Metal markets: gold’s advancing on lingering worries over economic recovery

Monday in Singapore, bullion gained across the board within sight of a fresh record high as worries about the global economy linger, while silver rose to a 30-year high on rising investment demand. However, a slight decline in ETF holdings suggested some investors might want to book profits.


Spot gold added 80 cents to $1,296.40 an ounce by 0303 GMT after hitting a record at $1,299.95 on Friday on a weaker dollar and economic uncertainty after the Federal Reserve raised expectations of new measures to stimulate growth.


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Metal markets: gold steady on renewed worries over economic recovery

September 24, 2010 - 7:24am | Markets | News
Metal markets: gold steady on renewed worries over economic recovery

Friday in Singapore, bullion prices remained steady as disappointing data from the US and Europe resumed worries over the economic recovery, keeping market sentiment supported.


Spot gold was little changed at $1,293.7 an ounce by 6:27 GMT, below the record high of $1,296.1 hit on Wednesday. Gold is headed for a weekly gain of 1.5%, marking the second consecutive week of gains.


Gold has added 18% so far this year.


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Metal market:bullion hits new record high on strong sentiments and weaker dollar

September 22, 2010 - 5:26am | Markets | News
Metal market:bullion hits new record high on strong sentiments and weaker dollar

Wednesday in Singapore, the precious metal soared to a new record high as sentiment remained strong with the US Federal Reserve moving closer to providing more support to the national economy.


Spot gold hit a new record of $1,290.85 an ounce today, before easing to $1,287.95 an ounce by 0457 GMT as bullish sentiment remains strong after the US Federal Reserve inched closer to providing more stimulus for the economy.


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Metal markets: gold flats on weak US data and worries over economic recovery

September 20, 2010 - 2:50am | Markets | News
Metal markets: gold flats on weak US data and worries over economic recovery

Monday in Singapore bullion flat below an all-time high hit the previous business day as weak US data fueled further uncertainty about the economic recovery, boosting metal's appeal as a safe-haven asset.


Spot gold reached an all-time high of $1,282.75 an ounce on Friday on poor US data and market talk of more quantitative easing. Monday, the precious metal was trading at $1,276.25 by 00:29 GMT, little changed from the previous close.


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Metal markets: gold‘s slumping on rally in Asian stocks

September 10, 2010 - 3:13am | Markets | News
Metal markets: gold‘s slumping on rally in Asian stocks

Friday in Singapore, the precious metal slipped tending for its first weekly decline in more than a month as stock markets gained, but bargain hunting could cushion the fall, with sentiment in the financial markets still fragile.


Spot gold loist $3.17 an ounce to $1,245.10 an ounce by 3:37 GMT, after falling as low as $1,242.20 on Thursday, partly driven by technical selling from recent highs. Bullion, which struck record around $1,264 in June, is headed for a weekly drop of 0.2 percent, its first in six weeks.


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Metal markets: gold eases on optimism US economy is not to collapse again

September 6, 2010 - 12:41am | Markets | News
Metal markets: gold eases on optimism US economy is not to collapse again

Monday in Singapore, bullion prices slipped as stock markets strengthened on optimism the US economy would not fall back into recession, while a slight drop in ETF holdings put additional pressure.


Spot gold lost 14 cents to $1,247.90 an ounce by 1:59 GMT, having fallen as low as $1,235.70 on Friday on a US labor market report that was much less weak than feared. Gold struck a lifetime high around $1,264 an ounce in late June.


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Metal markets: gold gains as global economic prospects remain shaky

September 2, 2010 - 1:08am | Markets | News
Metal markets: gold gains as global economic prospects remain shaky

Thursday in Shanghai, bullion prices appeared to be slightly stronger and are supposed to stay on the rise as global economic prospects remain unreliable, while investors watch for more labour data out of the US.


Spot gold thus added $2.5, or 0.2%, to $1,246 an ounce by 3:31 GMT, after having hit a two-month high of $1,254.65 on Wednesday, which is just $10 below the all-time high.


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Metal markets: gold flat on worries over euro zone debt problems

July 14, 2010 - 2:40am | Markets | News
Metal markets: gold flat on worries over euro zone debt problems

Wednesday in Tokyo, bullion flat after gaining about 2% Tuesday when worries over debt problems in the euro zone encouraged the gold's appeal as a haven from risk and a currency alternative, but high price levels may prompt selling.

Spot gold was bid at $1,210.70 per ounce as of 5:15 GMT, modestly changed from late New York levels of $1,210.65 an ounce.


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Metal markets: gold tides over another top

May 12, 2010 - 4:10am | Markets | News
Metal markets: gold tides over another top

Wednesday in Singapore, bullion hovered another record high of $1,230 on safe haven buying as investors bet the euro zone debt crisis could spread beyond Greece.

Spot gold hit a bid high of $1,234.70 an ounce before slipping to $1,233.10 by 0516 GMT, still up $1.05 from New York's notional close on Tuesday, when buying from investors helped it surpass December's record.


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Metal markets: gold hovers near two-week highs as euro pauses recovery

April 2, 2010 - 3:46am | Markets | News
Metal markets: gold hovers near two-week highs as euro pauses recovery

Friday in Tokyo, bullion flat near two-week highs as the euro paused after recovering against the dollar yesterday, with activity expected to be subdued due to holidays in many Asian and most European markets.

Spot gold was at $1,122.50 per ounce as of 00:19 GMT, losing 0.20rom New York's notional close of $1.125.50 per ounce.


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Metal markets: gold remains steady as dollar slips vs euro

March 12, 2010 - 2:53am | Markets | News
Metal markets: gold remains steady as dollar slips vs euro

Friday in Singapore, bullion prices flat as the dollar lost ground against the euro on worries the US retail sales for February could show a drop in consumer spending,denting prospects of a sustainable economic recovery.


Spot gold hit an intraday high of $1,111.40 an ounce and was at $1,109.30 by 2:37 GMT, unchanged from New York's notional close on Thursday, when it hit a low of around $1,100, its weakest since January, 25.


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Metal markets: gold recovers as euro’s gaining vs dollar

March 5, 2010 - 9:37am | Markets | News
Metal markets: gold recovers as euro’s gaining vs dollar

Friday, gold prices strengthened as the US currency lost ground against the euro ahead of key US non-farm payrolls data due later in the session, with investors looking for fresh clues as to the resilience of the economic recovery.


Spot gold was trading at $1,135.10 an ounce at 10:41 GMT, that may be compared to $1,131.45 touched late in New York on Thursday.


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Metal markets: gold gains 0.1% flatting near $1,095

February 15, 2010 - 3:33am | Markets | News
Metal markets: gold gains 0.1% flatting near $1,095

 

Monday, the bullion prices flat near $1,095 an ounce as pent-up demand from the physical side remained solid despite recent dollar strength, which often dulls the attractiveness of the precious metal.


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