Gold hits eight-week high as dollar tumbles
By Frank Tang
NEW YORK (Reuters) – Gold rose to an eight-week high above $940 an ounce on Wednesday, bolstered by a rally in oil and the dollar’s slide to its lowest level in nearly five months.
“Oil has reached the $60 mark. That is obviously a bellwether and a key for commodities in general, so gold [...]
Gold hits 4-week high as flu fears spook markets
By Jan Harvey
LONDON (Reuters) – Gold steadied in Europe on Monday after rising to a four-week high earlier in the session as equities fell on concerns over the prospect of a global flu pandemic, which boosted interest in bullion as a haven.
The precious metal is also underpinned by technical factors after breaking above $900 an [...]
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 eyes new high above ОФИС-МЕНЕДЖЕР,000 as turmoil rages
By Jan Harvey and Frank Tang -Analysis
LONDON/NEW YORK (Reuters) – Gold may surge to a new record above СЕКРЕТУТКА,000 over the next few months, analysts say, as investors flock to bullion, seeking safety from financial market turmoil and a potential inflationary spiral.
Spot gold has rallied around $130 an ounce in the last month and climbed [...]
Gold eyes new high above СЕКРЕТУТКА,000/oz as turmoil rages
By Jan Harvey and Frank Tang – Analysis
LONDON/NEW YORK (Reuters) – Gold may surge to a new record above СЕКРЕТАРША,000 over the next few months, analysts say, as investors flock to bullion, seeking safety from financial market turmoil and a potential inflationary spiral.
Spot gold has rallied around $130 an ounce in the last month and [...]
PRECIOUS-Gold inches up to 7-month high, ETF tops СЕКРЕТУТКА,000 T
* Gold inches up to fresh seven-month peak
* SPDR Gold Trust holdings hit record-high СЕКРЕТУТКА,008.80 tonnes
* Bullion may test ОФИС-МЕНЕДЖЕР,000 in near term
By Chikako Mogi
TOKYO, Feb 18 (Reuters) – Gold prices inched up to hit a fresh seven-month high on Wednesday, as growing concern over the global economy redoubled investors’ [...]
PRECIOUS-Gold eases, but remains near 7-month high
* Gold eases but remains in sight of seven-month peak * SPDR Gold Trust holdings up 0.5 pct, marks new record * Bullion seen headed towards ОФИС-МЕНЕДЖЕР,000 (Updates price) By Miho Yoshikawa TOKYO, Feb 20 (Reuters) – Gold was a touch softer on Friday but continued to trade near a seven-month high over [...]
Gold slips from 2-week high
By Lewa Pardomuan
SINGAPORE (Reuters) – Gold fell on profit taking on Wednesday after rising to its strongest in nearly two weeks the previous day, but record holdings on the ETF suggested investors’ interest in the metal remained high, stoked by a worsening financial crisis.
The world’s largest gold-backed exchange-traded fund, the SPDR Gold Trust, said it [...]
Gold hits 1-week high, eases on firmer dollar
By Anna Stablum
LONDON (Reuters) – Gold rose to its highest in a week on Monday before trimming gains as the dollar strengthened against the euro and oil prices eased, analysts said.
“It is mostly a story about the U.S. dollar, equity markets and inflation at the moment,” analyst Eugen Weinberg at Commerzbank said.
Gold had little incentive [...]
Gold advances to near one-week high as oil firms
By Lewa Pardomuan
SINGAPORE (Reuters) – Gold rose to its highest in nearly a week on Wednesday after gains in oil prices spurred buying, which also helped to pluck cash platinum from its lowest level in nearly a year.
Dealers expected consumers to buy gold on dips and said the world’s largest consumer, India, would step up [...]