Posts Tagged ‘cover-losses’

Forexpros Gold futures erased gains on Monday, pulling back from a three-day high to trade below USD1,800-an-ounce as steep declines in global equity markets prompted investors to sell the precious metal to cover losses elsewhere. On the Comex division Full story

Gold dropped to a three-week low on sales by some investors to cover losses in equity markets. The MSCI All-Country World Index of stocks touched the lowest in more than two months. The Standard & Poor’s 500 Index has fallen for six straight weeks. Full story

Gold rose on Thursday, sustained by a rise in ETF holdings, stronger physical demand and a weaker dollar, but investor selling to cover losses in other markets limited gains. Platinum [ XPT= Platinum and palladium tumbled to 3-1/2 month lows of $1,654 Full story

- Gold prices were rising Monday but were avoiding a monster rally as investors sold gold to cover losses in other assets. Full story

Gold prices tanked at the end of the week, shedding more than US$40 per ounce as investors were reaping profits after the latest record rally to cover losses in equity and currency markets, which plunged amid caution caused by an increase in China’s Full story

By Lewa Pardomuan SINGAPORE (Reuters) - Gold slipped to its lowest level in nearly a week on Tuesday as weaker equities prompted speculators to sell bullion to cover losses, but an expected drop in U.S. existing homes sales could spur a rebound. Lower Full story

On Thursday, Gold regained strength after falling the previous day as investors sold bullion to cover losses in equities, but a firmer dollar was likely to cap gains. The press release is quoted as saying: Spot gold XAU= added $2.20 to $1,199.20 an ounce Full story

Gold steadied on Thursday as selling by investors to cover losses in other markets ran out of steam, and on surprise demand figures from India. 'Risk aversion by investors drove gold down last week. (Today) other markets like equities, crude oil are up Full story

Gold prices continued lower Friday as investors were forced to sell gold to cover losses and reconsolidate positions ahead of option expirations. Full story

Gold fell in New York for the first time in three sessions as a rally by the dollar curbed the metal’s appeal as an alternative asset and some investors sold bullion to cover losses in equity markets. The dollar rose as much as 0.3 per cent against a Full story