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Gold Eases With Stocks, Euro As Risk Appetite Wanes
Gold prices eased on Wednesday as the euro ran into profit-taking and stock markets dipped, with the previous day's burst of sharper risk appetite running out of steam after German economic data fell short of expectations.
By Christine Kim and Rujun Shen
South Korea Buys Gold; C.Bank Purchases Set To Rise
South Korea boosted its gold holdings by nearly a third in July, buying 16 tonnes as part of the central bank's efforts to diversify its massive foreign exchange reserves.
By Euan Rocha
Kinross Gold Ousts Tye Burt, Names New CEO
Canadian miner Kinross Gold Corp named Paul Rollinson its new Chief Executive late on Wednesday, replacing long-time CEO Tye Burt, who spearheaded its massive acquisition of Red Back Mining that has so far failed to live up to expectations.
By Melanie Burton
LME Copper Edges Up; Growth Worries Cap Gains
London copper edged up on Friday, but prices were still set for their biggest weekly loss in two months after European Central Bank inaction disappointed markets and as worries over global growth dragged on the outlook for metals.
More Headlines
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Gold, Silver, Platinum, Palladium and Other Commodities May Handle a Downturn Better Than Other Investments - Analysis 10:04 am
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Morning Gold Market Report 09:52 am
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Morning Silver Market Report 09:51 am
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Morning Platinum Market Report 09:50 am
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OECD Indicators Paint Dark Picture of Global Economy 09:39 am
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India Gold, Silver Futures to Extend Gains This Week - Commtrendz Research 09:36 am
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Nikkei Ends up on Europe Hopes, Posts Mild Weekly Loss 09:35 am
- 10:59 pm GOLD: Pulls Back, Vulnerable Read more
- 11:05 pm Gold Bouncing off Short-term Range Support Read more
- 10:24 pm GOLD: Correction Under Threat Read more
- 11:38 pm Gold and Silver Coming off Overbought Conditions during Downtrends Read more
- 10:54 pm GOLD: Continued Bear Pressure Seen Read more
- 11:15 pm London Session: What is the gold price sell off telling us? Read more
By m rochan
In India, Gold is Still the Best Bet, Driving World Market
Mumbai's Zaveri Bazar puts gold purchases on a single day at 24 tons.
By Eric McWhinnie
Gold Climbs Higher For the Week, Federal Reserve Keeps Investors Guessing
Your daily recap on precious metals.
Africa/Middle East
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Gold Extends Losing Streak as Fed Signals QE ExitAnalysts expect gold prices to fall to $1,100 an ounce in a year and below $1,000 in five years.
- Gold Trade: Middle East, Indian, Chinese Small-time Investors Helped Push Gold in Q1 2013
- India Hopes to Rein in Current Account Deficit as Gold Hits Two Year Low
Asia/Europe
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In India, Gold is Still the Best Bet, Driving World MarketMumbai's Zaveri Bazar puts gold purchases on a single day at 24 tons.
- China Discovers Gold Mine in Northwest With 53 Tonnes Worth of Reserves
- Credit Suisse Forecasts Gold Price Plunging to $1,100 in 2013; $1,000 by 2018
The Americas
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Gold Loses Sheen as Prices Drop Over 20% from Record HighsCyprus bailout concerns contribute to the continued weakness of gold as precious metal dips below $1,400 for the first time since March 2011.
- Gold Demand Slumps in Third Quarter as Chinese Economy Slows
US
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Gold Futures Prices Drop to $1,368.90; Central Banks Add 109.2 Tonnes of Yellow Metal to Reserves in Q1 2013Gold continued to lost its luster as prices of spot gold futures for June delivery dropped 0.7 per cent and closed on Thursday at $1.386.90 an ounce on the Comex in New York. It is the sixth consecutive prices that the price went down, and the longest slump for the precious metal once considered a safe haven.
- Global Markets Overview - 01 May 2013
- Global Markets Overview - 30 April 2013
