Gold Prices Extend Gains to a Third Day
Reuters reported that gold prices rose again after the Federal Reserve said it would keep interest rates low.
Articles Tagged "spot"
Gold Price Toes The Currency Line
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 [...]
India Gold Trade hoping for festival to prove a bright spot
India’s gold trade is desperately hoping a 12.5 percent dip in prices from an alltime high will ring in sales at a gold-buying festival later in April, a small window of opportunity before another dull spell. Ariez Tata, director with Cogent Jewellery, stated: We are getting orders and also hopeful of getting more. For full [...]
Mining costs see a bright future
Mining costs, which constituted the industry’s biggest headache up until a year ago, are now a bright spot for a sector more concerned with volatile demand and tight financing markets. The shift in costs follows several years of rampant inflation in the mining sector, which had kept gold miners from realizing the benefits of soaring [...]
Spot gold tests medium-term support at $750
Spot gold is testing medium-term support at $750 an ounce. Failure would indicate another test of $700. For full story, click here
Gold snapped its 8-day long rally
The yellow metal snapped its 8-day long rally as the dollar bounced back against the euro, eroding metal’s power as an alternative mode of investment. for full story, click here
Spot gold fell to 848.75/850.75 an ounce
In London, spot gold fell to 848.75/850.75 an ounce, as against $866.90 in New York late on Wednesday, when prices rose to a two-month peak of $881.20. for full story, click here
Spot gold quoted at $810.00/812.50
Spot gold was quoted at $810.00/812.50 an ounce at 1310 GMT, down from $814.60 an ounce late on the previous session, as the firmer dollar dented interest in the metal as a currency hedge. For full story, click here
Spot gold fell to $717.00/719.00 in London
In London, spot gold declined to $717.00/719.00 an ounce and that compared with $731.70 in New York the previous day. For full story, click here
Spot gold declines more than 2.5%
Spot gold declined more than $20 per ounce in early afternoon trading in New York, low nearly 2.7%. For full story, click here
