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Archive for the 'Gold Investing' Category

GOLD NEWS: Market Update Week Ending 23rd March 2012

Gold rises at end of week despite negative sentiment

Gold closed the week at $ 1661.30, a fraction better than last week’s closing level of $1659.30.

Though global economic news came in mixed this week, with the United States mixed, though more positive than elsewhere, sentiment seemed to turn against gold with the yellow metal hitting a ten-week low of $1628 on Thursday before recovering to post a modest gain on the week.

Poor manufacturing indicators from China and… Continue reading

Gold News: Weekly Market Update for Week ending 16th March 2012

Gold Falls to Lows as Focus turns to Equities

Gold closed the week at a multi week low of $1659.30, down more than 3% on the week..

Economic news throughout the week was generally good in the United States, meaning that investor focus has once more turned to equities. Indeed, America’s major equity indices rose by around 2.5%, recording three and four year highs, with the Nasdaq recovering to levels not seen since the fourth quarter of 2000.

Though… Continue reading

GOLD NEWS: Weekly Market Review, Week Ending 9th March 2012

Gold Bounces from Technical Support and Consolidates

Gold closes the week almost unchanged from last week’s close, at $1713.20.

Gold was chased lower in the middle of the week as investment markets plunged with rumors that the Greek debt swap for private creditors had fallen apart. Such an event would have caused the country to miss deadlines for its $130 billion bailout funds, and sent the indebted nation into default. However, Thursday saw the deal accepted by 83% of creditors… Continue reading

Gold News: Weekly Market Update Week Ending 2nd March 2012

Gold struggles to remain above $1700

Gold closes the week down 3.4% at $1711.80.

Having spent the beginning of the week marking time, gold was hit hard on Wednesday as the US Fed Chairman, Bernanke, dampened speculation for further monetary easing. Elsewhere, mixed economic news should have proved the catalyst for further gains in the gold price.

While the Greek bailout has been sealed, the EU awaits certain assurances before releasing the full €130 billion. This said, with figures last week showing the European… Continue reading

Gold News: Monthly Review February 2012

Gold Consolidates above $1700 as Greece signs up to austerity and US growth continues

With US economic news seen as more positive for stocks as the month opened, gold struggled to maintain its early year momentum, though doveish comments from the US Fed Chairman, Bernanke, sandwiching the trading month has helped sentiment for the medium term outlook for gold in a thin market.

Bernanke has reiterated that problems in the US economy remain, and that the Fed sees danger from the European sovereign debt situation… Continue reading

Gold News: Gold Market Weekly Review 24th February 2012

Gold Rallies Further in Subdued Trade

Gold closed the week up 2.85%, and just below three-month highs, at $1772 with mixed economic news and a Greek debt deal keeping volumes low but sentiment firm.

On Tuesday, after a two-day meeting, European finance ministers agreed to pass the previously agreed €130 billion bailout fund to Greece in time for it to meet its March deadlines on its debt repayments. Under the deal, Greece’s private creditors will be forced to take a hit of up

Gold News: Weekly Market Update, Week Ending 10th February 2012

Greek Uncertainty Taints Markets

Gold has been tugged first one way and then another this week, as optimism over a Greek austerity and debt package settlement earlier in the week turned to consternation in all markets by Friday when unrest, general strikes, and cabinet resignations hit the streets of Athens.

Stronger than expected economic news from the United States helped stocks mid week, as gold’s recent shine tarnished. The four-week average jobless claims number fell to a near three month low (366,000), and wholesale inventories… Continue reading


US Jobs Data Caps Gold’s Rise in a Subdued Market

Gold struggled to maintain the positive tone of the year to date, as news that US unemployment hit its lowest rate for two years pushed equities higher and precious metals lower on Friday. Payrolls numbers helped the unemployment rate fall to 8.3%, and the Dow Jones rise 157 points on the last trading day of the week as gold retreated to $1725.52, having risen to over $1765 earlier in the week.

US Fed Chairman, Ben… Continue reading

Gold News: Monthly Review January 2012


Gold bounced strongly from a weak December performance, with renewed buying from India helping a more positive investment outlook generally to push gold to a close of nearly $1750 at the end of the month and an increase of 10.77% on the month.

Investment markets shrugged off cuts in forecasts for global growth by the IMF, continued European debt issues, and mixed signals from the United States.

The New Year began on a firm footing, as gold put December behind it and seemed… Continue reading


Gold Has Tremendous Week as Political and Economic Woes Persist

After consolidating at around last week’s closing level in the early part of the week, the gold price took off on Wednesday. Precious metals in general reacted positively to the United States FOMC statement that the Fed would be holding a neutral interest rate policy over the next three years, and saying that it will keep interest rates between 0 and 0.25% through to the end of 2014.  Market observers have analysed this as being tantamount… Continue reading

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