Market Updates Archives - Page 18 of 40 - GoldCore News

Gold Suffers Sharp Correction on Fund Liquidation and Proft Taking

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2010 YTD Gold Up 13% in USD, 19% in GBP and 24% in EUR

Gold Gold rose again yesterday in dollars and other currencies, especially sterling which fell against nearly all currencies (see chart below). Gold is currently trading at $1,244/oz and in Euro, GBP, CHF, and JPY terms, gold is trading at €1,008/oz, £830/oz, CHF 1,328/oz, JPY 109,574/oz respectively.

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Gold Consolidates Near Record Highs Up 12% in Quarter; Silver Up 6%

Gold Risk aversion led to falls in equity and commodity markets yesterday but gold again managed to eke out a 0.5% gain. The complacency of recent months is being challenged by a raft of negative data and by increasingly precarious fundamentals. Concerns about Chinese and global economic growth and about the European banking system and sovereign debt are leading to continuing diversification into gold.

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Short Squeeze in Coffee and Sugar Could Soon be Seen in Gold and Silver Market

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Gold Robust as Equities Fall – Concerns on US Recovery and Sovereign Default Risk

Gold Gold's slight gains and resilience yesterday has surprised the bears who were expecting further falls. The downside reversal pattern seen on Monday may not have incurred as much technical damage as thought - especially if gold can manage to eke out a higher weekly close this week - above $1255/oz.

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Gold at New Record Nominal Highs on Continued Skepticism

Gold Gold rose to a new all-time intraday high of $1265.07/oz in early European trading and then gave up its earlier gains in London yesterday. Gold came under concerted selling pressure in New York and fell in the final hours of trade ending near its late session low of $1237.83/oz with a loss of 1.40%. It has range traded in Asian and early European trading today.

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Central Banks Diversifying into Gold – Bolstering Meager Gold Holdings

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Gold Flat as Coffee Surges 20% in 6 Days and Oats Surge 40% in Week

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Gold Consolidates in All Currencies While Silver Breaks Out

Gold Gold added 1.1 percent yesterday, the most in a week and is up marginally today and trading within 1.3 percent of its record nominal high of last week. Gold appears to be consolidating above $1,200/oz and a this may be the pause that refreshes prior to new record highs. Gold has also risen in other currencies and is back above €1,000/oz as concerns about sovereign debt issues and economic growth in the eurozone continue.

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Gold in Tight Range as Silver Outperforms

Gold Gold fell $5.40 in US trading yesterday to close at $1,222.70/oz and fell to €999.00/oz as the euro strengthened against the dollar. Gold has traded in a very tight range between $1,220/oz and $1,225/oz in Asian and early European trading. Silver rose yesterday and has is outperforming gold again today. Gold is currently trading at $1,222/oz and in euro, GBP, CHF, and JPY terms, trading at €997/oz, £827/oz, CHF 1,394/oz, JPY 111,635/oz respectively.

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An All-Time High Weekly Close Sets Gold Up for New Record Highs

Gold Gold rallied on the open in Asia and has maintained those gains in early trading in Europe as the dollar has. Last week's all time higher weekly close was important technically and means that gold's technicals remain strong after its recent weekly and monthly (May) higher closes. Indeed, momentum traders and those making "the trend their friend" could push gold to new (nominal) highs in the coming days.

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Risk Trade Back on Despite Sovereign Debt and Banking System Stress

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Bernanke’s Claims That He Does Not “Fully Understand the Movement in the Gold Price”

Gold Gold is currently trading at $1,223/oz and in euro, GBP, CHF, and JPY terms, at €1,017/oz, £840/oz, CHF 1,402/oz, JPY 111,318/oz respectively.

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Gold Consolidates Near Record Nominal Highs in Nearly All Currencies

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Gold Reaches New Record Nominal Highs in USD, EUR, CHF and GBP

Gold Gold has risen to new record nominal highs as concerns that the European debt crisis could lead to contagion increases. Gold rose to $1,251.85/oz in London and futures reached $1,254.50/oz in New York as risk aversion rose. Bullion advanced to all-time highs in dollars, euros, sterling and Swiss francs as the euro and equity markets again came under pressure.

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Gold Marginally Lower as Equities Fall Sharply on Disappointing US Job Numbers

Gold The US jobs number came in at 431,000, which was worse than the expected 500k, and saw safe haven buying bid the dollar, yen and gold prices higher. The jobs number raised concerns about the sustainability of the recovery especially as the employment numbers received an artificial boost from the hiring of thousands of temporary census workers.

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Increased Risk Appetite Sees Equities Rise and Yen and Gold Fall

Gold Gold is currently trading at $1,218/oz and in euro, GBP, CHF, and JPY terms, at €994/oz, £831/oz, CHF 1,405/oz, JPY 112,630/oz respectively. Gold fell slightly in US trading yesterday on renewed risk appetite prior to sideways trading in Asia and then falling mid morning in Europe from $1,223/oz to $1,215/oz.

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Gold Rises in Yen on Japanese PM Resignation; Premiums for Physical Bullion Rising Again

Gold Gold rose again yesterday on safe haven demand due to falling stock markets after growing concerns about the impact of the oil spill in the Gulf of Mexico and continuing concerns about contagion in the eurozone. Gold initially rose in Asia before giving up those gains and falling as low as $1218/oz in early European trading.

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Gold Rises for Seventh Day in USD; New Record in Euro over EUR 1,009/oz

Gold Gold is the strongest currency in the world today and has risen to $1,220/oz and over €1,000/oz with a variety of macroeconomic and geopolitical headwinds supporting the yellow metal. These include geopolitical risks in the Koreas and in the Middle East,  the macroeconomic risks posed by the continuing sovereign debt crisis, concerns about the euro and growing concerns about a double dip recession.

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Gold Up 3% in May as Commodities and Stocks Fall Sharply

Gold Gold is marginally lower and threading water in most currencies today with markets subdued as the London Stock Exchange and Wall Street are closed for a national holidays. It range traded from $1,210/oz to $1,214/oz in Asian and early European trading this morning. Gold is currently trading at $1,213/oz and in euro, GBP, CHF, and JPY terms, at €987/oz, £837/oz, CHF 1,043.64/oz, JPY 110,897/oz respectively.

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Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Asian Stocks Fall as Miners Decline; Yen Gains (Bloomberg.com) Gold prices ease despite slightly weaker dollar (Reuters.com) Bitcoin Hits New All-Time High Above $12,250 (GoldSeek.com) Don’t Expect Gold to Go Wild Next Year[...]

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Gold and Silver Bullion – News and Prices

Gold and Silver Bullion - News and Commentary Gold rises on bargain hunting after slumping to over 4-month low (Reuters.com) Dollar Heads for Weekly Gain, Asia Stocks Advance (Bloomberg.com) Platinum’s discount to palladium hits 16-year-high (Reuters.com) Consumer credit accelerated in October[...]

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"There Will Be Pain": Bank of England's Carney Warns On Brexit

Gold and Silver Bullion - News and Commentary Gold volatility 'breakout' coming soon to ‘eerily quiet’ market - Metals Expert (CNBC.com) Gold inches up as dollar weakens after U.S. Senate tax bill stalls (Reuters) Dollar Dips as Tax Bill Hits Snag;[...]

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