It was gold's best start to the year since the start of the bull market in 2000. There are conflicting media reports as to whether this is the best January performance since 1980, 1983 or 1999. Gold rose 11% in US dollar terms, 8.6% in GBP terms and 9.8% euro terms or more correctly these fiat currencies fell by this amount against imm... (Feb 01, 2012 8:18AM)
Gold has risen nearly 1% in most currencies today after a dropping 3.5% in US dollar terms yesterday. The sell off yesterday has been attributed to more speculative players and funds selling off holdings before year end and going to cash due to alarming funding and liquidity pressures and increasingly elevated counter party risk. (Dec 15, 2011 8:31AM)
Gold is mixed in various currencies but popped nearly $15 after the Chinese announcement that they would be lowering their bank reserve ratio. It shows the world's second largest economy is swinging into easing mode which is not a good sign. Hua Zhongwei, analyst at Huachuang Securities, Beijing: "It's the start of a relaxation cycle, ... (Nov 30, 2011 9:24AM)
Gold has fallen 0.6% in US dollars to $1,768/oz but is flat in the beleaguered euro at €1,306/oz. Volatility and sell offs in equity and European bond markets appears to be contributing to gold's failure to rise through the $1,800 level. Europe's ability to tackle its growing debt crisis is in serious doubt which is leading to renewed ri... (Nov 15, 2011 9:54AM)
Gold has spiked higher in all currencies in recent minutes and has recovered from lows seen in late Asian, early European trading. Gold continues to consolidate between $1,700 and $1,750. Support is at $1,680/oz and resistance at $1,750/oz is being challenged today. Given the scale of the European and global debt crisis, the slowing US... (Nov 03, 2011 10:37AM)
Gold has fallen marginally again in all major currencies. Concerns about the increasingly intractable nature of the Eurozone debt crisis and rumours of a Franco-German split regarding a solution, prior to the emergency debt summit this weekend, is leading to risk aversion in markets. This is not helped by further concerns about the US ... (Oct 20, 2011 8:47AM)
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