Posts Tagged ‘japan’

The week started with gold holding the levels last Friday saw in New York at $1,235.   It was Asia’s day as London enjoyed a sunny holiday.   The issue of the day was the meeting of the Bank of Japan where they debated what to do about a Yen strong enough to damage Japanese exports.   It Full story

Mark O'Byrne submits: Gold: Concerns that the US economy is sliding back into recession has led to equities internationally coming under pressure and further flows into safe-haven assets. Gold and silver have consolidated from last week's gains and remain near closing levels from yesterday and last week Full story

The week started with gold holding the levels last Friday saw in New York at $1,235.   It was Asia’s day as London enjoyed a sunny holiday.   The issue of the day was the meeting of the Bank of Japan where they debated what to do about a Yen strong enough to damage Japanese exports.  It was Full story

Mark O'Byrne submits: Gold: Gold fell to $1,220/oz per ounce in early European trade before bouncing. It is now trading at $1,223/oz and has thus given up some of yesterday's small gains as summer trading volumes remain low and traders book profits after the recent rise in gold prices. Investors remain risk averse as seen in weakness in equity markets and the safe haven bid ... Full story

Stocks stumbled into the red right out of the gate this morning, as the Street digested weaker-than-expected economic data from Japan and a disappointing manufacturing report on the home front. More specifically, Japan said its economy grew at a meager Full story

Gold prices rose to a six-week high on signs the global economy is faltering, boosting demand for the metal as a protector of wealth. Japan's economy grew at less than a fifth of the pace economists estimated last quarter, pushing it into third place Full story

SAN FRANCISCO -- Gold futures settled at a six-week high Monday, as the latest batch of macro-economic data, including a report showing tepid growth in Japan, and a wobbly dollar supported prices. Full story

Gold rose to a 1-1/2 month high on Monday, after gloomy Japanese economic data prompted safe-haven buying by investors worried about the global economy. Silver and platinum group metals, whose prices usually reflect economic sentiment because of their Full story

Gold rose to its strongest in seven weeks on Monday, boosted by its safe haven appeal as gloomy Japanese economic data stoked investors' concerns about the health of the global economic recovery. Spot gold rose to $1,222 an ounce by 1155 GMT from Full story

Frank Holmes submits:Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe and Japan are close to buckling under the weight of their sovereign debt loads, government budget deficits remain large and persistent and, as a result, faith in major paper currencies is low.On top of this, China – the world’s No Full story