Posts Tagged ‘metal’

Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US. As quoted in the market news: Eighteen of 23 surveyed by Bloomberg expect the metal to gain next week, the highest proportion since Nov. 11.... Full story

Gold prices in Europe were up from earlier lows of $1,604.44/oz on Monday as a retreat in the U.S. dollar took some early pressure off the metal. Full story

On November 30, Eric Sprott, chairman of Sprott Inc. Full story

While the price of gold recovered on Thursday after a sharp fall in the previous session, analysts say the metal is in for a lot of volatile, sideways trading. Full story

Sharps Pixley maintains that while the longer term fundamentals for gold remain in place, dollar strength may take some of the shine off the metal Full story

Oct. 26 (Bloomberg) -- Gold futures may extend an advance above $1,700 an ounce as concerns about Europe’s debt crisis spur demand for the metal as a protection of wealth. European leaders will hold an emergency summit today in a bid to reach agreement on... Full story

Both the precious metals, gold and silver, fell on the bullion market today on profit-selling by stockists, amid a weak trend in overseas markets. While gold dropped by Rs 250 to Rs 26,660 per 10 grams, silver lost Rs 1,200 to Rs 53,000 per kg on reduced offtake at existing higher levels Full story

Gold declined in New York on speculation further stimulus measures by the Federal Reserve will cut demand for the metal as a protection of wealth. Full story

Gold’s “perfect storm” is expected to continue on renewed investor demand for haven assets, potentially driving the metal to its 1980 inflation- adjusted record, according to Morgan Stanley. The firm retains a positive view on gold for its role as Full story

Gold gained in New York as concern that the European debt crisis is escalating and the dollar’s drop spurred demand for the metal as an alternative asset. German Chancellor Angela Merkel said she won’t let Greece go into “uncontrolled Full story