US gold rises as weakening dlr boosts hedge buying
NEW YORK, June 11 (Reuters) – Gold futures ended higher on Thursday as the dollar turned broadly lower, and signs of long-term currency weakness could spur fresh buying of bullion as a hedge against the depreciating greenback. For the latest detailed report, click on [GOL/]. GOLD * August GCQ9 settled up $7.30 at $962 [...]
US gold rises over $900/oz on fund, trade buying
NEW YORK, April 23 (Reuters) – New York gold futures ended above $900 an ounce on Thursday after scaling a three-week high on a combination of stronger buying by trades and commodities funds and a lower dollar versus the euro. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery [...]
Gold steady, physical buying supports
By Miho Yoshikawa
TOKYO (Reuters) – Gold prices steadied to hover slightly above $880 an ounce on Wednesday, supported by physical demand that helped offset waning investor interest in gold as a safe-haven asset.
The market continued to closely track news for an insight into the health of the financial industry, which could once again enhance gold’s [...]
US gold falls as stocks gain, haven buying ebbs
NEW YORK, April 16 (Reuters) – New York gold futures dropped ОФИС-МЕНЕДЖЕР percent Thursday as a better stock performance by U.S. banks dented safe-haven demand, but lingering economic uncertainties should provide underlying support to bullion prices, traders said. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 fell [...]
US gold ends down on stocks rise, haven buying ebbs
NEW YORK, April 16 (Reuters) – New York gold futures ended 1.5 percent lower on Thursday as a better stock performance led by U.S. banks dented safe-haven demand, but lingering economic uncertainties should provide underlying support to bullion prices, traders said. For the latest detailed report, click on [GOL/]. GOLD * Gold for June [...]
U.S. gold futures fall as safe-haven buying ebbs
NEW YORK, April 14 (Reuters) – New York gold futures dropped on Tuesday as better overall economic sentiment dampened strong safe-haven investment demand in the yellow metal. For the latest detailed report, click on [GOL/]. GOLD * Gold for June delivery GCM9 fell $7.20 to $888.60 an ounce at 10:03 a.m. EDT (1403 GMT) [...]
Gold up 2 percent on safe-haven buying amid bank woes
By Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) – Gold prices climbed more than 2 percent on Tuesday, rising above $865 an ounce, amid market talk of a large order, with firm investment demand for gold as a haven from risk fueling buying.
“It looks like they are waking up to the situation of the banking [...]
UPDATE 4-Gold rises above $800 on strong physical buying
* Gold rises more than 7 percent, rallying above $800 * Physical buying supports gold, but investors cautious * Economic uncertainties bolster gold’s haven status (Recasts, new details throughout, moves dateline from LONDON) By Frank Tang NEW YORK, Nov 21 (Reuters) – Gold rallied above $800 an ounce on Friday, ending the week [...]
Gold rises on physical buying as stocks tumble
By Frank Tang and Pratima Desai
NEW YORK/LONDON (Reuters) – Gold prices ended higher on Thursday, buoyed by interest from jewelry makers and as investors sought safety after U.S. stocks plunged nearly 7 percent on mounting worries about a deepening economic slump.
Spot platinum fell to a three-week low of $764.50 an ounce, a fall of nearly [...]
UPDATE 6-Gold rises on physical buying as stocks tumble
* Strong physical investment and jewelry demand boost gold
* US stocks plunge 6 pct as investors seek safety in gold
* Recession, deflation knock sentiment (Recasts, updates with quotes, closing prices, market activity, adds NEW YORK to dateline)
By Frank Tang and Pratima Desai
NEW YORK/LONDON, Nov 20 (Reuters) – Gold prices [...]