03rd
February
2012
February
2012
{lang: ‘en-GB’}According to a survey by Bloomberg, many gold dealers believe that the gold price will rally in the following weeks. In the face of the Brussels meeting, aimed at finding a solution to the euro crisis, investors have stocked up their ETFs gold reserves by approximately $6 billion. Many investors have lost faith in [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}The price of gold started the year on a positive note, rebounding from support at $1,550 per troy ounce back towards $1,600 and extending its decade long bull market. The future looks just as bright for the yellow metal, as real interest rates remain negative around the world and, as Bloomberg reports the world’s [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}Precious metal prices crept higher yesterday on hopes of a new fiscal structure for the eurozone. US stocks rose, though Asian shares have settled lower today – emphasising the uncertain nature of markets at the moment. Crude oil prices were up again yesterday, with WTI crude looking to consolidate above $100 a barrel. Good [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}In recent weeks the European banking sector’s refinancing problems have grown significantly, as major credit rating agencies have downgraded a number of important banks. Thus, Italian and French bonds have come under increasing pressure. Some market observers believe that the most indebted eurozone countries will ultimately resort to selling their gold reserves. Italy’s central [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}Comex February gold futures fell $10.50 (0.4%) in trading in New York yesterday, settling at $1,595.50 per troy ounce. Silver for March delivery lost 34 cents (1.2%) to settle at $28.74 per troy ounce. Surprisingly given the release of figures showing a fall in the number of American consumers contemplating an automobile purchases in [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}This morning the Shanghai Gold Exchange announced that it is raising the margin requirements for local silver contracts from 15 to 18%. China’s largest exchange for precious metals such as gold and silver based this decision on the increased volatility in the precious metal sector. According to Reuters, these new margin requirements will take [...]
02nd
February
2012
February
2012
{lang: ‘en-GB’}Gold and silver prices had a quiet end to last week, with Comex gold for February delivery falling $4.60 lower over Friday, settling at $1,606 per ounce. Silver for March delivery managed a slight gain (0.20%), settling at $29.08. Platinum and palladium were stronger performers – with the former up by 0.41% to $1,429.50 [...]
01st
February
2012
February
2012
{lang: ‘en-GB’}“Party on!” was the message of the Federal Reserve Chairman Ben Bernanke on Wall Street yesterday, he declared that the Federation be maintaining low levels of interest, “particularly” until the end of 2014, stubbornly high unemployment due to concerns-and the quality of current statistical recovery. Bernanke confirmed also that for the first time in [...]
01st
February
2012
February
2012
{lang: ‘en-GB’}Though it has yet to break through selling resistance at $1,650, gold has recorded small gains in trading this morning following on from Friday’s announcement from Standard & Poor’s that they were going to downgrade France from a Triple A credit rating to an AA+. Friday the 13th was an apt choice of days [...]
01st
February
2012
February
2012
{lang: ‘en-GB’}Many African governments have decided that they want a greater say in the mining industries’ operations. Currently, it looks as if the governments of some producing countries are even planning to take over the production of important raw materials such as gold, diamonds, cobalt, crude oil and uranium. Governments plan to increase their revenue [...]
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