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Metal markets:gold steadies as investors consider US economic data due this week

August 31, 2010 - 2:51am | Markets | News
Metal markets:gold steadies as investors consider US economic data due this week

Tuesday in Tokyo, bullion prices steadied as investors considered US economic data due this week for clues to the strength of the world's largest economy while looking at equities to gauge investor risk appetite.


Spot gold was trading at $1,235.25 an ounce as of 5:29 GMT, compared to $1,236.66 an ounce late in New York on Monday. On Monday, gold rose, starting its fifth straight week in positive territory.


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Metal markets: gold recovers after modest slide, ETF holdings hit another record

June 11, 2010 - 2:23am | Markets | News
Metal markets: gold recovers after modest slide, ETF holdings hit another record

Friday in Singapore, the precious metal recovered on short covering after losing 1% during the previous session. At the same time, ETF holdings hit another record reflecting gold still to attract investors attention.


Nevertheless, bullion was still at the mercy of movements in stock and currency markets, with rallies in shares likely to curb gains.


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Metal markets: gold slips as euro rallies versus dollar

May 31, 2010 - 2:37am | Markets | News
Metal markets: gold slips as euro rallies versus dollar

Monday in Singapore, bullion slid as the euro steadied against the US dollar, but worries about Europe's debt woes still underpinned sentiment after Fitch downgraded Spain's credit rating.


Spot gold was at $1,211.00 an ounce by 1:43 GMT, down $1.75 from New York's notional close on Friday. Volume was thin as the United States and the UK are on holiday on Monday, but dealers expected bargain hunters to resurface at lower levels.


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Metal markets: gold intercepts its slide seen after European rescue package deal

May 10, 2010 - 10:01am | Markets | News
Metal markets: gold intercepts its slide seen after European rescue package deal

Monday in London, bullion halted a slide that knocked it nearly 2% down on Monday as investors feared a $1 trillion emergency package to prevent a sovereign debt crisis spreading through the euro zone may ultimately spark inflation.

 


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Metal markets: gold recovers from 2-week low

April 21, 2010 - 7:54am | Markets | News
Metal markets: gold recovers from 2-week low

Wednesday in Tokyo, bullion prices spiked extending gold’s recovery from a 2-week low hit earlier this week as positive earnings results underlined demand for the precious metal, while palladium climbed to a fresh two-year high.

Spot gold edged up by 0.2% to $1,142.25 an ounce by 3:49 GMT from New York's notional close of $1,139.50. Monday, the precious metal hit a 2-week low of $1,123.15.


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Gold moves up as euro continues recovering

March 30, 2010 - 4:05am | Markets | News
Gold moves up as euro continues recovering

Tuesday in Singapore, bullion prices edged higher during thin trade as the euro continued firming against the US dollar, but the gold was stuck in a familiar range as it struggled to clear a recent high above $1,130 an ounce.


Spot gold was at $1,110.10 an ounce by 5:53 GMT, up $1.90 from New York's notional close on Monday, when it rose as high as $1,114.45, its strongest in nearly two weeks.


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Metal markets: gold recoups modestly on euro recovery

March 26, 2010 - 4:19am | Markets | News
Metal markets: gold recoups modestly on euro recovery

Friday in Singapore, bullion prices moved up slightly by just half a percent after the euro recovered from a 10-month low against the US dollar, while steady purchases from jewellers in Asia provided additional support.

Spot gold was at $1,096.20 an ounce by 6:32 GMT, up $5.85 from Thursday’s New York notional close. Gold had dropped to a 6-week low of $1,084.85 on Wednesday but was above the 200-day moving average.


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Forex trends: dollar shows steep surge on oil prices drop

March 24, 2010 - 7:33am | Markets | News
Forex trends: dollar shows steep surge on oil prices drop

Wednesday, in early European session the US currency soared against its main counterparts as oil prices fell below $81 a barrel after a report showed a larger-than-expected jump in US crude inventories last week. The greenback thus climbed to near a 2-week high against the franc, 1-month high against the yen, new multi-month high against the euro and a 2-day high against the pound. 


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Metal markets: gold continued recovery, despite euro’s depreciation

March 24, 2010 - 3:23am | Markets | News
Metal markets: gold continued recovery, despite euro’s depreciation

Wednesday, bullion continued recovery, while defied a tumbling euro on uncertainties over a rescue package for debt-laden Greece that boosted its safe-haven appeal; rising stock markets at the same time offered additional support.

Spot gold was at $1,103.20 an ounce by 00:29 GMT, up $1.55 from New York's notional close on Tuesday, when it rose on economic optimism after data showed previously-owned homes in the United States fell less than expected in February.


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Metal markets: gold recovers after touching nearly one month low

March 23, 2010 - 1:58am | Markets | News
Metal markets: gold recovers after touching nearly one month low

Tuesday, bullion prices were lifted by bargain hunting after it fell to its weakest level in nearly a month during the previous session, while a steadier euro helped diminish worries about tighter monetary policy.


Spot gold was at $1,104.55 an ounce by 3:05 GMT, up $2.95 from New York's notional close on Monday, when it dropped as low as $1,092.25 an ounce, its weakest since February 25. Precious metal was 10 percent below a record of above $1,200 an ounce touched in December.


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Metal markets: gold prices slip on dollar’s firmness

March 18, 2010 - 3:03am | Markets | News
Metal markets: gold prices slip on dollar’s firmness

Thursday in Singapore, bullion prices eased as the dollar strengthened against other currencies, while there were concerns that a failure to support recent highs could prompt some investors to shift their money to stocks or bonds.

Spot gold was at $1,122.45 an ounce by 2:40 GMT, that is down $1.60 from New York's notional close on Wednesday, when it hit a 1-week high at $1,132.80 on early gains in the euro before falling sharply after the release of U.S. producer prices data.


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Metal markets: gold continues recovering over Fed’s interest rates decision

March 17, 2010 - 4:13am | Markets | News
Metal markets: gold continues recovering over Fed’s interest rates decision

Wednesday, bullion prices continues climbing after having gained more than 1% the previous day as a US Federal Reserve decision to hold interest rates unchanged burnished the metal's investment appeal.

Spot gold was at $1,126.60 an ounce by 2:41 GMT, up $1.90 from New York's notional close on Tuesday, when it hit an intraday high of $1,128.45, its strongest since March, 8 within sight of a 6-½ week high at $1,144.60 hit in early March.


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Metal markets: gold regained modestly after hitting almost 2-weeks low

March 11, 2010 - 2:32am | Markets | News
Metal markets: gold regained modestly after hitting almost 2-weeks low

Thursday in Singapore, bullion recouped slightly after falling to its lowest in nearly two weeks the previous day, though poor technicals and failure to sustain recent gains may stimulate selling.

Spot gold was at $1,108.90 an ounce by 3:05 GMT, up $1.05 from New York's notional close on Wednesday, when it fell to as low as $1,102.85 an ounce, its lowest level since February, 25, as safe-haven buying on Greek sovereign debt worries tapered off.


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Metal markets: gold’s rising slightly as euro recovers vs dollar

March 10, 2010 - 1:38am | Markets | News
Metal markets: gold’s rising slightly as euro recovers vs dollar

Wednesday in Singapore, bullion prices steadied after the euro recouped slightly against the dollar though weaker oil prices could prompt new selling.

Spot gold was at $1,122.00 an ounce by 3:04 GMT, modestly changed from New York's notional close on Tuesday, when it dropped to $1,108.55 an ounce, its weakest since February 26, because of a resurgent dollar and falling oil prices.


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Metal markets: gold eases to $1,120 after touching intraday high

March 9, 2010 - 2:28am | Markets | News
Metal markets: gold eases to $1,120 after touching intraday high

Tuesday in Singapore, bullion prices slipped as early bargain hunting faded, and dealers consider a weaker US dollar was probably needed to help gold break free from its current range.

Spot gold hit an intraday high of $1,124.30 an ounce and was at $1,120.40 by 2:53 GMT, down $2.45 from New York's notional close on Monday, when it lost 1%.

In early March, gold was also around 1% below a 6-1/2-week high near $1,150 an ounce hit.


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