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Tag: gold

Gold Rebound Sharply on Safe-Haven Bet

Sep 09 2011 17:11:04 in Market

News: Gold reversed early losses on safe haven bet on lower equities and worries over EZ and US Spot gold down marginally at $1,865 an ounce while Dec gold futures up by 0. Read more

Gold Extends Gain Above $1,860 An Ounce

Sep 08 2011 14:08:06 in Market

News: Gold extends gains by reversing earlier losses after ECB Trichet signalled downside risk in his speech Spot Gold gained 2.5 pct at $1,861. Read more

S. African Factory Output, Gold Production Drop In July

Sep 08 2011 12:40:04 in Market

South Africa's manufacturing production decreased from last year in July, after growing for nineteen consecutive months, data released by Statistics South Africa showed Thursday. Manufacturing output dropped 6 percent on an annual basis in July, reversing the 0. Read more Q2 Gold Output Surge 6.4 Pct to 47,536 Kgs

Sep 06 2011 13:07:08 in Market

News: South Africa  produce 6.4 pct more gold in Q2 form Q1,  down 1.8 pct form year ago period The country produced 47,536. Read more

Gold steady As Investors stayed on Sidelines ahead of Key U.s Data

Sep 02 2011 04:06:03 in Market

News: Gold prices held steady on Friday as investors stood on the sidelines ahead of a key U.S. payrolls report due later in the day Spot gold rose 0.2 pct to $1,828.29 an ounce by 0238 GMT, little changed from a week earlier U.S. gold inched up 0.1 pct to $1,831. Read more

Gold soared to an all-time record above $1911

Aug 23 2011 07:57:13 in Market

Gold soared to an all-time record above $1,911 today. This is the fourth consecutive record top for the last four trading  sessions.   The precious metal rose , as persistent worries about global economic growth made bullion's safe-haven status more appealing. Read more

Spot gold surged to an unprecedented $1,895.3 an ounce

Aug 22 2011 11:02:39 in Market

Spot gold surged to an unprecedented $1,895.3, on investors' fears of another US. recession and change for the worse of the Eurozone's debt crisis.   On last Friday gold struck an all time record above $1,877 an ounce and staged its biggest weekly gain for the last 2 years. Read more

Gold rose to an all-time high of $1853 on US recession fears

Aug 19 2011 07:10:14 in Market

Spot gold rose more than 1 percent to a new all-time high of $1,853.42 an ounce, before easing to $1,848.    Gold rose 5.6% this week on US recession fears. This is the largest gain since February 2009.   "(The U.S. data) presents the worst combination for an economy, i.e. Read more

Asian Session Summary: Gold hit new record, AUDUSD fell below parity

Aug 09 2011 07:46:08 in Market

Source:    Euro rebounded slightly from its big drop against the dollar yesterday, opened Asia t 1.4174 and edged up to 1.4245., mostly lifted by dip-buying rather than any change in risk appetite. Read more

US Forex session summary: CHF and Gold hit new records

Aug 08 2011 23:00:30 in Market

Source:   The euro extended its decline against the U.S. Read more

Gold and Yuan set new records, Asian stocks and Oil trading lower

Aug 08 2011 09:24:44 in Market

The euro rose to $1.4430 during Asia session from $1.4279 at the US close of on Friday on ECB buing Italian and Spanish bonds     Asian Stock markets closed lower Japan's Nikkei index down 2.18%, Hong Kong's HANG SENG down 2.17%, China's CSI 300 down 3. Read more

Gold hits a new record high on US credit rating cut

Aug 07 2011 23:11:11 in Market

 Spot gold made a new all-time high today. Markets are  worried about S&P cut of the long-term U.S. credit rating by one notch to AA+ on concerns about the government's budget deficit and rising debt burden   Spot gold rose as high as $1,694.50, before easing to $1,683. Read more

Asia forex session summary - New record in Gold, AUD loses ground

Aug 03 2011 06:31:09 in Market

Australia: June Retail sales disapoints: -0.1% MoM, +0.4% expected; Trade balance +AUD$1.95 billion AUD was the main mover again. Eearly after closing in NY near 1.0780,  AUD/USD fell to 1.0720. Disapointing Retail sales number pushed AUD/USD to 1. Read more

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