Posted on March 12, 2012 2:32 pm GMT
Spot gold prices dipped on Monday below the key $1,700 level as a result of China posting its largest trade deficit in over 20 years. China is the world’s second largest economy and top commodities consumer, which is why generally […]
Posted on January 23, 2012 10:04 pm GMT
Gold prices hit a six-week high in the New York trading session on Monday, aided by a lower dollar and geopolitical concerns following news of a European Union agreement today to impose an oil embargo on Iran.
Gold hit a high […]
Posted on January 11, 2012 8:51 am GMT
Gold prices rose to a four-week high on Wednesday spurred by strong physical demand in Asia and also helped by the upbeat sentiment in markets in the past two days, which showed a rebound in the euro.
Gold hit a high […]
Posted on January 10, 2012 3:23 pm GMT
Gold has been steadily rising since December 29 last year when it touched the lowest level since July 6. It rebounded from $1,522.35 to peak at $1,640.05 in New York trading on Tuesday.
The precious metal had traded most of 2011 […]
Posted on May 12, 2011 11:48 pm GMT
Yesterday’s US session and today’s early Asian session see the Gold and Silver pare back on losses incurred in yesterday’s early sessions, in which the commodities dropped by over $25 and $3 respectively. The huge drop was reversed in […]
Posted on May 9, 2011 5:05 am GMT
This week’s first session, sees the Euro trading with some optimism as the single currency appears to have found some support around the 1.4340’s as it bounced up to a session high of 1.4405. Market participants however expect that the […]
Posted on April 29, 2011 9:25 am GMT
Gold continues its seemingly unstoppable rise, reaching historical levels yet again in Thursday’s US session. Spot gold price spiked to a high of $1,538.12 per ounce in US trading, boosted by a broadly weakening greenback.
Despite US economic data released on […]
Posted on April 28, 2011 10:08 am GMT
Gold soared to new record highs yesterday as the safe haven commodity soared by over $24 buoyed by a weakening Dollar, as investors looked for an alternate financial instrument to keep their funds in. Gold reached an all-time high of […]