Spot gold prices regained lost ground Monday, snapping the metal’s recent losing streak. Gold has fallen 5.7 percent this month, the worst start to a year since January 1997 when the metal dropped 6.3 percent.
Articles Tagged "spdr"
By Kishori Krishnan Exclusive To Gold Investing News Its a revamped third five-year pact to limit sales of European central bank gold, complete with a lowered ceiling for planned disposals, but it is seen boosting the investment case for bullion and extending its multi-year rally. The European Central Bank surprised markets last week with the [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold prices had an excellent run last week, led by the extensive fall in the US dollar and strong rally in the equity markets. The rise in crude oil prices also resulted in lifting bullion. The US currency showcased the biggest decline in a month against euro [...]
Touradji Capital Management LP, the $2.7 billion hedge-fund firm founded by Paul Toradji, bought shares of a gold exchange-traded fund in the second quarter and sold stock in EnCana Corp. and other energy companies. For full story, click here
The world’s leading gold-backed exchange-traded fund, the SPDR Gold Trust, announced holdings stood at 1,120.19 tonnes as of July 6, down 0.36 tonnes or 0.03 percent from the previous business day. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold prices inched up on Monday in Tokyo, as the dollar weakened, prompting investors to buy back gold after it lost 2 per cent late last week, when optimism about the economy reduced bullion’s safe-haven appeal. Gold stocks have had their heads lopped off, many with 70 [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold was softer on Monday but holding within reach of a seven-week high as inflation and economic fears boosted its appeal as a hedge against uncertainty. Spot gold bid at $928.50 an ounce in the early hours of Monday, compared with $930.70 late in New York on [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
The world’s leading gold-backed exchange-traded fund, the SPDR Gold Trust GLD, declared holdings stood at 1,104.09 tonnes as of May 8, unchanged from the previous day. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News The week has begun well. Gold futures rose Monday as stock markets and crude-oil futures slumped amid investor cautiousness over the economy and first-quarter earnings at Bank of America, which heightened the metal’s appeal as a safe asset. Bargain hunters also stepped in after the benchmark gold [...]