Posts Tagged ‘the-metal’

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

Gold Fields Ltd., the fourth-biggest producer of the metal, said Ghana’s plan to raise tariffs on mines and introduce a windfall tax could force it to halt expansion projects worth $1 billion in the country. Continue reading at Bloomberg 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 futures rose for the second straight day in New York as renewed concern that the Greek debt crisis will worsen and signs of a slowing global economy spurred demand for the metal as a store of value. Full story

London - Switzerland's decision to peg the erstwhile safe haven franc to the euro may finally give gold bugs the chance to see prices hit the once-unimaginable $2 000 an ounce mark, as the metal holds on track for its strongest annual rally in three Full story

Gold futures rose on Wednesday, after posting a nominal record close in the U.S. a day earlier as the metal’s safe-haven appeal continued to lure investors. Full story

Gold producers are increasingly locking in forward sales of the metal or tying it up as collateral for loans to expand their production, indicating some miners are concerned gold prices could weaken before they complete their projects. Miners have Full story

Gold reached a fresh record high on Thursday as investors continue to seek for the metal as a refuge after Moody's placed US top-notch credit rating on review for a downgrade and hints of QE3 from the Fed. The yellow metal has also been supported by ongoing concerns over the euro zone debt crisis that deepened after Fitch downgraded Greece rating to CCC on Wednesday. Full story

SAN FRANCISCO (MarketWatch) -- Gold futures added to their record levels in electronic trading Tuesday as the possibility of additional financial stimulus sent more buyers to the metal, considered a top storer of health in an inflationary environment. Full story

SAN FRANCISCO (MarketWatch) -- Gold futures fell Thursday, pulling back after a two-session win, as upbeat U.S. economic data eased investment demand for the metal and comments from the European Central Bank president calmed concern about Europe's debt Full story