Central banks last year added the most gold to reserves in almost a half century and will likely remain an important force in the gold market in 2013, the World Gold Council said Thursday.
(3 months and 10 days ago)
(Kitco News) - There is no clear majority on the direction of gold prices for next week, as survey participants in the weekly Kitco News Gold Survey differ in their view of where the yellow metal’s price might travel.
(2 months and 26 days ago)
NEW YORK (TheStreet) -- Gold prices sank on Thursday, heartbroken by a surge in the U.S. dollar as the euro weakened on glum economic news from Europe. Gold for April delivery shed $9.60 to settle at $1,635.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,650 and as low as $1,633.50 an ounce, while the spot price was...
(3 months and 10 days ago)
EUROPEAN share markets and the gold price have tumbled on news that China's economy slowed unexpectedly in the first quarter.
(1 month and 9 days ago)
NEW YORK (TheStreet) -- "Want to buy corn?" Phil Streible, a senior commodities broker at RJO Futures, asked after COMEX gold prices had fallen more than 4% on Friday, April 12. It was the single largest one-day loss gold had suffered since February of 2012 and put the yellow metal down 15.3% since it had hit a high of $1,772.10 in September of 2012 on news that the Federal...
(1 month and 4 days ago)
Since prevailing fringe theory is that JPMorgan and the other bullion banks 'control' the price of gold, we thought it would be interesting to hear yet another explanation for last week's monumental precious metal market events... from the horse's mouth... Via JPMorgan, Who sold the gold? Gold’s 1 day fall of 9% on Monday was one of the largest 1-day falls in the history of...
(1 month and 3 days ago)
NEW YORK (TheStreet) -- Gold prices were plummeting on Friday as a break through technical support triggered a broader selloff in the gold market. Gold for June delivery at the COMEX division of the CME was dropping $40.80 to $1,427.80 an ounce. The gold price traded as high as $1,461.20 and as low as $1,425.90 an ounce, while the spot price was slumping $29.60, according to...
(15 days ago)
Britain's biggest pawnbroker on Friday warned the collapse in the gold price will knock its profits. H&T, the largest British high street gold buyer, warned that every 10% fall in the price of gold would wipe about £2m off its pre-tax profits. The stock market warning sent the company's shares tumbling more than 11% on Friday to 224p. Pawnbrokers have been surfing on the...
(1 day ago)
NEW YORK (TheStreet) -- Gold prices were hovering near the flatline on Tuesday as traders of the yellow metal continued trying to figure out gold's near-term direction. Gold lost 0.16% on Monday. Gold for June delivery at the COMEX division of the CME was adding $1.10 to $1,435.40 an ounce. The gold price traded as high as $1,444.90 and as low as $1,419.70 an ounce while the...
(11 days ago)
NEW YORK (TheStreet) -- Gold prices were little changed on Thursday as traders took a pause after Wednesday's sharp selloff. Gold prices fell 1.76% on Wednesday. Gold for June delivery at the COMEX division of the CME was adding 10 cents to $1,558.90 an ounce. The gold price traded as high as $1,561.80 and as low as $1,553 an ounce, while the spot price was shedding 80...
(1 month and 13 days ago)
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