Gold Drops 2.6%, Silver 4.1% with Bernanke 'Moderate'
(Resource Investor
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08/06/2012)
Wholesale gold prices stumbled Thursday afternoon in London as the US dollar rallied and stock markets cut their earlier gains on what analysts called "disappointing" comments from US Fed chairman Ben Bernanke, testifying to the Senate's Joint Economic
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Gold Standard, Gold Futures, and Perception Management
(Gold Seek
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08/06/2012)
The apparent end to momentum in the 12-year bull market in the gold price is a carefully coordinated exercise in perception management. J.P. Morgan and a handful of the world’s largest banks have been permitted the right to originate contracts for
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Gold and Silver may be re-entering bullish territory again
(Commodityonline
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07/06/2012)
Gold and silver prices have tracked the general uptrend in commodities following the equity market which moved higher on Wednesday. US Gold August futures rose to $1634 before climbing back to $1621 on Thursday trading. Indian demand continues to be weak
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Gold hits one month high as euro, stocks rally
(Commodityonline
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07/06/2012)
COMEX gold prices hit a one-month high on Wednesday as the euro held on to its early gains against the dollar after the European Central Bank (ECB) kept interest rates unchanged, and as other assets seen as higher risk, such as stocks and commodities,
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Silver futures down on profit-booking
(The Hindu Business Line
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07/06/2012)
Silver futures prices today fell by Rs 471 to Rs 55,3602 per kg as speculators booked profits amid a weak trend in the Asian region. At the Multi Commodity Exchange, silver for delivery in July was trading Rs 471, or 0.86 per cent, lower at Rs 55,360 per
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Gold futures may open weak
(The Hindu Business Line
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07/06/2012)
Gold futures may open marginally down as the European Central Bank (ECB) has left key bank rates unchanged. This has dashed the market expectations of an economic stimulus. Euro may turn weak against dollar, pulling down gold prices in the international
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Gold flat after hits 1-month high, silver jumps 3%
(The Economic Times
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07/06/2012)
Gold prices ended a shade higher after a choppy session o n Wednesday, as an encouraging assessment of the US economy by the Federal Reserve wiped out the safe-haven metal's early peak at a one-month high built on speculation of more monetary easing from
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Gold sets new record of Rs 30,400 on strong global cues
(The Economic Times
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06/06/2012)
Gold today hit a fresh all-time high by adding Rs 200 to Rs 30,400 per 10 grams on brisk buying by stockists triggered by a firming global trend. The precious metal had hit an all time high of Rs 30,300 on Saturday. Silver followed suit, and shot up by
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Gold may take more time to reach $2000/oz
(Commodityonline
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06/06/2012)
Historically speaking, it’s easy to note an inverse relationship between the dollar and the price of gold. Simply put, while the US dollar strengthens, the price of gold will decrease. In today’s volatile times, investors are seeking safe havens, as
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Gold futures may open higher at Rs 30,020/10 gm
(The Hindu Business Line
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06/06/2012)
Gold futures may continue its uptrend on the back of good buying interest in the global markets. MCX gold August contract may open higher at Rs 30,020 per 10 grams against yesterday’s close of Rs 30,011. The yellow metal in Mumbai spot market was up at
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Gold range bound ahead of ECB, Bernanke
(Commodityonline
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06/06/2012)
Comex August gold traded in a narrow $12.30 range Tuesday ahead of a European Central Bank meeting Wednesday and congressional testimony from Federal Reserve Chairman Ben Bernanke on Thursday, said Mike Daly, gold and silver specialist with PFGBEST. He
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Gold still drawing flight to quality buying
(Commodityonline
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06/06/2012)
Comex gold is continuing to draw a safe-haven bid, said Stephen Platt, senior account executive with Archer Financial Services. He cites follow-through buying in the aftermath of a surge Friday following a weak U.S. jobs report. He continued that, “The
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Gold up on stray buying, silver drops
(The Economic Times
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06/06/2012)
Gold prices recovered modestly at the bullion market here today on stray buying while silver dropped on speculative selling amidst lower industrial offtake. Standard Gold (99.5 purity) moved up by Rs 10 to finish at Rs 29,810 per 10 gm against Monday's
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Gold's tarnished safe haven status gets a polish
(Business Standard
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06/06/2012)
A four per cent rally for gold on Friday on weak US jobs data could signal a return to the safe haven status that has eluded bullion for the past seven to eight months. The dollar, US Treasuries and German Bunds have been the safe havens of choice in
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PRECIOUS METALS: Gold Higher In Asia On Weak Dollar, Stimulus Hopes
(The Wall Street Journal
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06/06/2012)
Gold moved higher in Asian trading amid a weaker dollar and renewed talk of the possibility of another round of stimulus measures, but the market is less than convinced that the current rally could be sustained for long, traders said Wednesday. At 0435
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Gold shines through gloom
(BusinessDay
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05/06/2012)
IT WAS a nightmare day for most of the market, but for Australia's gold producers the news was doubly sweet. Not only did gold prices continue their rise on the back of economic jitters, but a softening in the Australian dollar amplified the warm glow
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Indian gold on losing spree
(Tehelka
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05/06/2012)
FIRST A strike by jewellers and now Rs 30,000-plus gold price per 10 gram — gold buyers in the country seem to have been pushed permanently on the backfoot. After gold hit a record high price on Friday due to rise in its global and a weak rupee, its
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Gold price reaches record high
(The Himalayan Times
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05/06/2012)
Price of gold reached record high in the Nepali market on Sunday. According to Nepal Gold and Silver Dealers' Association (NEGOSIDA) the price of hallmark gold reached Rs 56,800 per tola on Sunday. NEGOSIDA said that the price of gold in the
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Gold Extends Decline as Dollar Strength Counters Stimulus Bets
(Bloomberg
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05/06/2012)
Gold fell for a second day, reversing an earlier advance, as the euro weakened against the dollar before finance ministers and central bank governors from the Group of Seven nations hold a call on Europe’s debt crisis. Immediate-delivery gold slid as
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Prospects of further monetary easing may be bullish for Gold: HSBC
(Commodityonline
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05/06/2012)
The prospect of easing of monetary policy by the U.S. Federal Reserve is traditionally bullish for gold, and even if it does not happen soon, it “may still have the power to propel gold prices higher,” said HSBC, British multinational bank, in a
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Gold option volatility rises: TD Securities
(Commodityonline
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05/06/2012)
After Friday’s rally, gold option volatility rose and is holding at higher levels, with one month at 22%, the highest level in six months , said TD Securities (TDS) in a commodities briefing. TDS is the global wholesale banking arm of Toronto-Dominion
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MCX gold may open at Rs 29,725 per 10 grams
(The Hindu Business Line
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05/06/2012)
Gold futures may continue its uptrend on the back of bleak future of the global economy. MCX gold June contract may open at Rs 29,725 per 10 grams against yesterday’s close of Rs 29,668. It may trade between Rs 29,665 and Rs 29,910 during the day. Gold
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PRECIOUS METALS: Comex Gold Points Higher In Holiday Trade
(The Wall Street Journal
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05/06/2012)
Gold futures ticked higher on Tuesday in low volume, as investors weighed the likelihood of monetary-policy shifts this week from the European Central Bank and Federal Reserve. The most actively traded contract, for August delivery, was recently up
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PRECIOUS METALS: Gold Retreats From 3-Week High in Thin Trade
(The Wall Street Journal
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05/06/2012)
Gold futures pulled back Monday after Friday's surge, as investors were reluctant to bet on further gains in holiday-thinned trading and ahead of potentially market-moving announcements this week from central banks. The ... For more on this
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PRECIOUS METALS: Comex Gold Steady After Friday's Surge
(The Wall Street Journal
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04/06/2012)
Gold futures shifted between modest gains and losses on Monday as investors paused after the metal's steep rally on ... For more on this Click Here
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