Gold

Category Archives: Gold

Goldman: Physical Demand Will Support

October 7, 2016 at 13:37

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Gold prices have fallen for eight sessions, marking the yellow metal’s worst losing streak in a year, but investment bank Goldman Sachs said further downside was likely limited this year. The spot gold price was flat around $1,254 an ounce around midday Friday in Asia, not far from the four-month low of $1,249.68 hit in […]

Top forecaster says gold may snap back on global political risks

October 5, 2016 at 09:03

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Looming risks from the US presidential election in November to Britain starting talks to leave the European Union next year may boost its role as a haven, said Barnabas Gan, an economist at Oversea-Chinese Banking Corp in Singapore. Increasing shale oil output in the US is also likely to cool the surge in crude prices, […]

Gold rebounds from tumble

October 5, 2016 at 09:00

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Gold rebounded after the biggest drop in more than a year as investors reminded themselves of a world that’s beset by risk, from the prospect of further currency weakness to the final stretch of the U.S. presidential election. Spot gold climbed as much as 0.5 percent to $1,275.28 an ounce and traded at $1,272.40 at […]

New trend of gold & silver smuggling into China

September 5, 2016 at 12:40

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There has been a sharp rise in seizures of gold and silver bars smuggled from mainland China. Customs officers detected more than two tonnes in the first eight months of the year in a move thought to be connected to the rising value of the precious metals. Officers seized about 2.2 tonnes of smuggled gold […]

Hedge funds slash bullish gold price

September 5, 2016 at 12:33

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On Monday gold continued to build on its gains on Friday in response to a worse than expected US jobs report and a weaker dollar. In thin holiday trade, gold futures trading on the Comex market in New York for delivery in December, the most active contract, were exchanging hands at $1,330.60 an ounce, up […]

Soros calls temp top in Gold?

August 17, 2016 at 10:08

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The billionaire investor jumped back into trading this year with a big bet on the precious metal, buying up a 19-million share stake in the world’s largest gold producer, Barrick Gold But in the second quarter, Soros Fund Management sold the majority of his shares in the gold miner and his full stake in mining […]

RBC adds $200 to Gold forecast

August 17, 2016 at 08:56

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Gold has been treading water above the $1,340 an ounce level recently, coming off two-year highs hit earlier in August. Year to date the metal has gained almost 26% or more than $280 an ounce. It’s been gold best first half run since 1980 when the price hit an all-time high on an inflation adjust […]