Mining Weekly reported that the demand for physical gold in Asian particularly is sky rocketing, propelled up by weaker currencies.
Articles Tagged "Gold Market News"
Reuters reported that gold is continuing its descent and is nearing a one-month low, while heading towards the largest downturn since 2009.
Reuters reported that gold backtracked on Wednesday, hovering around a three-week low because of disappointing European growth numbers.
Forbes reported that, despite a volatile environment, gold is still a compelling investment choice. As quoted in the market report:
Reuters reported that gold pulled back on Monday, nearing a two-week low as the dollar gained momentum on news from the ECB that deposit rates could be cut if necessary.
Reuters reported that Chinese gold imports are expected to jump for the second straight month, as they take advantage of low prices.
Reuters reported that gold is on pace to mark its biggest slide since April 15, when it experienced its historic drop, pushed down today by questions around industrial demands for metal out of the U.S. and China.
Reuters reported that gold toppled almost one percent on Tuesday, as investors shed ETF asset holdings, bringing those levels down to lows not seen since September 2009.
Reuters reported that HSBC has dropped its gold forecast for 2013 and 2014, saying that the recent plunge in prices has taken a toll on investor confidence, which will take some time to recover.
Reuters reported that gold moved up on Monday against a weakening dollar, under pressure from the possibility of additional monetary easing from the U.S and from Europe. As quoted in the market report: