Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT tid,hits,start_time FROM biztimes_stats.stats_articles_au WHERE tid='548945' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT cmt_count FROM ib_articles_counts WHERE id='548945' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_sources WHERE id='5' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_articles_options WHERE article_id='548945' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT article_id FROM ib_topics_index WHERE tid='380' ORDER BY id DESC LIMIT 10Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT article_id FROM ib_topics_index WHERE tid='240' ORDER BY id DESC LIMIT 10Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_rates WHERE article_id='548945' LIMIT 1 Gold Extends Losses to Fourth Session; Fund Outflows Continue - International Business Times

Gold Extends Losses to Fourth Session; Fund Outflows Continue

  • Rate this Story
  • 0
  • 0

April 22, 2014 2:08 PM EST

Gold extended losses into a fourth session on Tuesday, hovering near its lowest in 2-1/2 weeks as equities climbed and on outflows from bullion-backed funds.

Reuters
Gold Slips Ahead of U.S. Jobs Data; on Track for Third Weekly Loss

FUNDAMENTALS

Spot gold had fallen 0.1 percent to $1,288.11 an ounce by 0021 GMT. The metal declined to $1,281.40 the day before - its lowest since April 3.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 3 tonnes to 792.14 tonnes on Monday. [GOL/ETF]

Last week alone, outflows from the fund - closely watched due to the size of its holdings - totalled 9.3 tonnes, erasing all the gains made in the year.

Talks between Barrick Gold Corp and Newmont Mining Corp about a potential merger have hit a snag, but sources said the companies remain keen to reach a deal and discussions are likely to resume.

Goldcorp Inc said it is walking away from its hostile bid for Osisko Mining Corp, clearing the way for Yamana Gold Inc and Agnico Eagle Mines Ltd to take control of Osisko's flagship Canadian Malartic mine.

MARKET NEWS

U.S. stocks rose on Monday, building on last week's rally as investors continued to digest corporate results, while the dollar reached a two-week high against the yen after Japan posted a record trade deficit.

(Photo: Reuters / )
Gold Slips Ahead of U.S. Jobs Data; on Track for Third Weekly Loss
Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT id FROM ib_slideshows WHERE timestamp>1413956999 AND hits>0 AND outkey='Y' ORDER BY hits DESC LIMIT 10Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT id FROM ib_slideshows WHERE timestamp<1413956999 AND timestamp>1413697799 AND hits>0 AND outkey='Y' ORDER BY hits DESC LIMIT 10
  • Rate this Story
  • 0
  • 0

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.