Posts Tagged ‘greek’

Forexpros - Gold futures fell for the second day Monday, on Greek default concerns and an improving U.S. economy. Full story

As negotiations on Greek debt continue, investors are watching what happens to physical demand for gold as Chinese retail buying slows Full story

After numerous jukes and headline rumors, the world finally received a so-called EU solution.  After threatening with a total insolvency Greece situation, European leaders were able to talk bondholders into accepting a 50% haircut on Greek debt.  Furthermore, the euro zone leaders agreed to increase the firepower of the European Financial Stability Facility.  The markets reacted quite well to the news, even if it was ... Full story

Canada's biggest precious metals stocks were up an average 5.5% in late afternoon trade on Tuesday led by Endeavour Silver and Silvercorp Metals which both added around 12%. First Majestic Silver was up 9% and Silver Wheaton 6%. The index with an average market capitalization of US$7.7bn was outperforming a lacklustre broader market with bellwethers Barrick and Goldcorp also making substantial gains. Full story

Despite some calling for an explosive summer rally in gold, prices fell again this week on the back of easing concerns over Greek sovereign debt as the Greek parliament successfully passed the austerity legislation required to access additional bailout funds. This was due to the erosion of what we call gold’s “Eurozone Debt Crisis Premium” and, as explained in our article last week , gold prices ... Full story

SINGAPORE, July 5 (Reuters) - Spot gold held steady on Tuesday, after a warning by ratings agency Standard & Poor's that it would treat plans for a rollover of privately-held Greek debt as a selective default, underpinning safe haven demand for bullion. Full story

The gold price climbed to $1,512 per ounce Thursday morning in London – 0.7% up on the start of the week – before falling back towards lunchtime, as stock markets held flat and commodities fell ahead of the second Greek austerity vote. Euro gold Full story

Share: Precious metals become more valuable when markets worry about inflation, political turmoil or bad economic news. The stock market jumped, and metals fell, Monday on news that a Greek debt crisis might be averted. Full story

The gold price closed in New York at the $1,552 but fell in Asia back to $1,547, before fixing at $1,546.00 and in the euro at €1,074.36.   It then picked up to $1,550 while the dollar hovered around $1.4305 to $1.4350 and in the euro gold recovered to €1,080.18. Overall the markets were unmoved by the vote of confidence in the Greek government Full story

( ) - Comex gold and silver futures prices closed the U.S. day session higher Wednesday, with gold hitting a fresh seven-week high. Safe-haven investor demand continues for the precious metals as the Greek debt crisis continues to play out. Full story