Sunday, May 20th, 2012

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... [Read more]


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... [Read more]


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... [Read more]


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... [Read more]


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... [Read more]