Gold

Category Archives: Gold

Record trading day for gold

November 10, 2016 at 08:49

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Gold had its heaviest-ever trading day as investors rushed to havens on concern Trump’s presidency will upend decades of U.S. economic and foreign policy. More than 780,000 futures changed hands by 2:30 p.m. in New York, surpassing the volume on June 24 after Britain decided to leave the European Union, based on data using the […]

Black money crackdown spurs gold price to 3-yr high

November 10, 2016 at 08:42

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Indian gold prices touched a three-year high in Delhi as people flocked to jewellery stores since last night when the government made R500 and R1,000 notes invalid as legal tender. The sudden move by the government raised the appeal of the precious metal. Some jewellers said they had to keep the stores open until late […]

Gold has a Brexit rally

November 9, 2016 at 08:39

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Gold jumped nearly 5 percent on Wednesday to its strongest in six weeks as investors snapped up safe havens with Republican Donald Trump winning the race for the White House over Democrat Hillary Clinton. It marked gold’s biggest single-day gain since June 24 when it rose as much as 8 percent when Britain decided to […]

A Trump Fillip for Gold

November 9, 2016 at 08:34

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Donald Trump’s favorite metal is loving the election result. Spot gold is up as much as 4.8 percent on the day. That’s the sort of increment precious-metals traders can usually expect to see less than once a year. It’s now occurred three times in 2016.Gold rarely moves more than about 1 percent in a day, […]

Gold: The key trends

November 8, 2016 at 16:06

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Gold has long thrived on bouts of uncertainty and right now markets have uncertainty in spades. The Brexit vote in Britain, the prospect of Donald Trump as US president and a raft of elections due in Europe next year have all pushed investors to ramp up their holdings of the precious metal. That strong demand […]

What will the US election mean for gold?

November 8, 2016 at 15:51

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It looks like it’s going to be Hillary. At least, that’s what the markets decided, in the wake of the FBI announcement that her emails showed no criminal wrongdoing. Both the Dow Jones and the S&P 500 were up 2%, the dollar was up 1% and gold took a 2% slap in the face. The […]

Chinese holiday spurs Gold drop

October 7, 2016 at 13:40

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Gold continues to drift lower following Tuesday’s crash through the $1,300 an ounce level to its lowest since June, before the Brexit vote lit a fire under the metal. December futures trading on the Comex market in New York touched a low of $1,255.10 an ounce, the sixth down day in a row. Gold’s leg […]