Gold at 2-Week Low of $1,368
Spot gold fell more than $17 June 11 to $1,368.61 an ounce.
Gold Market News Directory
China Approves First Gold ETFs
Nasdaq reports that China will launch two gold bullion ETFs.
Gold Due to Fall to $1,250/Ounce, After Forming Symmetrical Triangle: Technical Analysis
Bloomberg reported that, according to technical analysis from Bank of America Corp., gold is poised to plummet to $1,250 an ounce over the next month.
Gold Falls to $1,384 on US Ratings Upgrade
Spot gold fell as low as $1,375.99 an ounce June 10 — a near two-week low, before recovering 0.1 percent to $1,384.79, Reuters reported.
Gold Dips Below $1400/Ounce While Dollar Gains Momentum
Reuters reported that gold built on Friday's losses in London on Monday, against a strengthening dollar. As quoted in the market report:
Gold Holds Steady Ground Above $1,400 an Ounce as ECB Leaves Rates Unchanged
Reuters reported that gold held ground above $1,400 an ounce on Thursday, while investors wait for word on U.S. jobs data, and were encouraged by the ECB's decision to hold rates steady, citing confidence in a gradual recovery
Gold Bounces Up to $1,404/oz
Gold prices were back up June 5 to $1,402.41 an ounce, an increase of $2.80 from the previous session, Reuters reported.
Gold Pushes Ahead on Weak U.S. Jobs Data
CNBC reported that gold was given a push over $1400 an ounce on Wednesday, boosted by weaker than expected U.S. employment data, reducing speculation that the U.S. Feds will scale back its $85 billion monthly bond-buying program.
India to Extend Gold Import Restrictions
The International Business Times reported that major gold consumer, India plans to extend restrictions on gold imports.
Gold Moves Down to $1,395
Gold prices fell below the $1,400 an ounce mark June 4 due to fears that India — the world's top gold consumer — may lower its demand for the metal.
