US gold falls on dollar rise, weak jewelry demand
NEW YORK, June 10 (Reuters) – U.S. gold futures turned lower on Wednesday, erasing initial gains, as a dollar bounce and signs of lagging physical jewelry demand prompted investors to take profits. For the latest detailed report, click on [GOL/]. GOLD * August GCQ9 down $1.80 at $952.90 an ounce at 10:23 a.m. EDT [...]
Gold rises on higher physical demand, PGMs rise
By Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) – Gold ended higher on Wednesday on a weaker dollar versus the euro and physical demand firmed in top consumer India ahead of a key gold-buying festival.
Spot gold traded at $891.10 an ounce at 2:04 p.m. EDT, up 1.0 percent from its late Tuesday quote $882.25 an [...]
Gold hits one-week low as safe-haven demand falls
By Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) – Gold prices fell to a one-week low on Thursday as higher U.S. equities dampened safe-haven demand, and the bullion market showed signs of a slowdown in investment demand and technical selling.
Sluggish physical buying was also providing little support to prices, analysts said.
Spot gold traded at $872.65 [...]
US gold ends up in quiet trade on physical demand
NEW YORK, April 15 (Reuters) – U.S. gold futures ended higher after a quite, mixed session on Wednesday, whipsawing between higher physical demand ahead of a key gold-buying festival in top bullion buyer India and near-term deflationary pressures because of an ailing economy. For the latest detailed report, click on [GOL/]. GOLD * Gold [...]
High gold price slams jewelry demand, rebound seen
By Frank Tang – Analysis
NEW YORK (Reuters) – The higher price of bullion combined with a global recession has hit gold jewelry buying, but jewelry should start moving off the shelves again once consumers get used to paying more.
Top executives of the world’s largest gold miners voiced concern about demand for jewelry — a key [...]
Gold up СЕКРЕТУТКА percent but weak demand weighs
By Jan Harvey
LONDON (Reuters) – Gold rose back above $900 an ounce in Europe on Wednesday as bargain hunters took advantage of the previous session’s near 3 percent losses, but gains were limited by sluggish demand.
Spot gold rose to $901/95/903.45 an ounce at 0939 GMT from $895.80 late in New York on Tuesday. It fell [...]
Gold slides 2.3 percent on dollar rise, weak demand
By Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) – Gold prices dropped more than 2 percent on Monday, as a dollar rise and slight drop of holdings of gold-backed exchange traded funds triggered heavy sell-stop orders.
Higher gold prices and global recession weighed down gold jewelry buying, which accounts for about 60 percent of total gold [...]
Gold flat as investment demand cools
By Jan Harvey
LONDON (Reuters) – Gold was little changed in Europe on Wednesday as traders stuck to the sidelines ahead of a rate-setting announcement from the European Central Bank and key U.S. jobs data later in the week.
A recovery in other assets such as stocks is also distracting attention from gold, analysts said.
Spot gold was [...]
Investor gold rush offsets slower jewel demand: WGC
By Simon Webb
DUBAI (Reuters) – Voracious hunger for gold-backed securities from investors looking for a shelter from recession should more than compensate slower jewelry buying from hard-up consumers, a World Gold Council (WGC) executive said on Monday.
Gold bullion topped СЕКРЕТУТКА,000 an ounce on Friday for the first time in nearly a year and has outperformed [...]
Gold lifts from lows on haven demand
By Jan Harvey
LONDON (Reuters) – Gold lifted from lows on Thursday as safe-haven demand boosted interest in gold and bullion-backed exchange-traded funds, but remained depressed by profit taking amid fears the metal’s recent sharp rally had been overdone.
The precious metal is still expected to push toward highs above СЕКРЕТАРША,000 an ounce, dealers said, as fears [...]