Gold hits session lows as dollar pares losses
By Jan Harvey
LONDON (Reuters) – Gold slipped in Europe on Monday, erasing earlier gains, as the dollar pared losses against the euro and rose versus the yen in the wake of U.S. economic data.
Prices earlier reached their highest since late February on the back of dollar weakness and amid fears government measures to boost liquidity [...]
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 [...]
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 [...]
Italian jewelers see gloom in 2009 as crisis hits
By Svetlana Kovalyova
AREZZO, Italy (Reuters) – Italy’s jewelry sector, the world’s top exporter, will see more gloom this year with falling output and export sales, participants at a trade fair said on Saturday.
Italian jewelry used to dominate the world markets, but its market share has shrunk since early 2000 as lower cost rivals from India, [...]
Gold dips more than СЕКРЕТАРША percent, ETF hits record
By Miho Yoshikawa
TOKYO (Reuters) – Gold slipped more than ОФИС-МЕНЕДЖЕР percent to briefly dip below $930 on Thursday after surging late the previous session to a two-week high following the Federal Reserve’s surprise move to buy long-dated U.S. government debt.
Bullion staged a sharp rally from a six-week low of $882.90 on Wednesday, after the Fed [...]
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 [...]
CORRECTED – WRAPUP 1-Consumer frugality hits Zale, Signet results
* Zale Q1 loss $1.43 vs. Wall St view loss $0.95
* Signet Q3 loss $0.18 vs. Wall St view loss $0.05
* Zale Q1 sales down 3.5 pct, Signet Q3 sales down 7.3 pct
* Zale withdraws fiscal 2009 outlook (Corrects Reuters Estimates data for Signet to show analysts’ had forecast loss [...]
CORRECTED – WRAPUP 1-Consumer frugality hits Zale, Signet results
* Zale Q1 loss $1.43 vs. Wall St view loss $0.95
* Signet Q3 loss $0.18 vs. Wall St view loss $0.05
* Zale Q1 sales down 3.5 pct, Signet Q3 sales down 7.3 pct
* Zale withdraws fiscal 2009 outlook (Corrects Reuters Estimates data for Signet to show analysts’ had forecast loss [...]
Gold hits 13-month low on fund liqudity concern
By Frank Tang and Julie Crust
NEW YORK/LONDON (Reuters) – Gold prices hit their lowest levels in more than a year on Thursday, briefly trading below $700 an ounce, as funds sold heavily to raise cash, but a reversal of the dollar’s strength lifted bullion off its session lows.
Platinum and palladium also dropped on worries over [...]