Gold prices rebounded in early Asian trading on Wednesday, as investors who sold the metal for dollars in search of safety amid European downgrades in previous sessions returned to snap up nicely priced positions. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,721.85 a troy ounce, up 0.24%.      Gold futures were likely ... Read More »

Forexpros - Gold prices dipped in early Asian trading on Tuesday after U.S. ratings agency Moody's downgraded several European nations and slapped negative outlooks on Austria, France, and the U.K., placing the three in danger of losing their AAA ratings. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,723.25 a troy ounce, down 0.10%.  ... Read More »

Gold prices were lower Monday after Greece's parliament voted to accept tough austerity measures in exchange for assistance funding, which sent the euro rising as well as European and U.S. stock futures. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,724.45 a troy ounce in choppy trade, down 0.06%.      Gold futures wer ... Read More »

Gold’s (GLD) accelerated move to $1900 in the summer of 2011 past overhead resistance indicated the market was waiting for an inflationary QE3. The market got a surprise as Bernanke waited until 2012. This was no surprise for my readers and precious metals declined lower in the second half depicting a surprise move with gaps lower.We were able to call the top in Silver (SLV) in April 2011 an ... Read More »

Crude futures rose in Asian trading Wednesday, buoyed by data from the American Petroleum Institute that U.S. crude stocks fell last week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD98.81 a barrel, up 0.40%. The commodity hit an earlier session high of USD98.83 and a low of USD98.61. The American Petroleum Institute on Tuesday reported a draw ... Read More »

Gold prices slid in Asian trading Tuesday as ongoing uncertainty over the fate of both Greece and the euro sent investors running to the dollar, selling off gold positions in the process. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery traded at USD1,724.05 a troy ounce, down 0.05%.      Gold futures were likely to test support at USD1 ... Read More »

Gold rose to a two-month high on Thursday on a larger-than-expected fall in new US claims for unemployment benefits, but analysts said bullion could pull back if Friday's US jobs report disappoints. Bullion climbed for a third consecutive day, reversing initial losses after encouraging jobless claims data pointed to a recovery jobs market, ahead of the closely watched January US nonfarm payrolls r ... Read More »

 "Gold continues to trade with a strong link to EUR/USD, although its ties with equity markets have weakened, says UBS analyst Edel Tully. While the metal's 20-day rolling average correlation versus the euro climbed sharply late last week, its correlation with equities fell into negative territory Friday for the first time since October, she notes. "One day clearly doesn't make a trend and t ... Read More »

Investors were initially thrilled by encouraging US economic data and the Fed's policy statement which unveiled implementation of QE3 was under consideration. Gains were, however, pared later in the day amid profit taking. Wall Street closed lower with DJIA and S&P 500 losing -0.18% and -0.57% respectively. In the commodity sector, gold surged as the US dollar declined. The benchmark Comex con ... Read More »

  Oil fluctuated below $100 a barrel in New York as speculation U.S. stockpiles gained last week countered concern Iran will respond to a European embargo on its crude exports by shutting the Strait of Hormuz. Crude for March delivery was at $99.77 a barrel, up 19 cents, in electronic trading on the New York Mercantile Exchange at 3:59 p.m. Sydney time. Gold hardly moved on Tuesday as firm To ... Read More »

Regional markets are mostly higher amid optimism over a Greek debt-restructuring plan, though trade is tepid as markets in China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Vietnam remain closed for the Lunar New Year holiday. The Nikkei is up 0.2%, the S&P/ASX is flat, India's Sensex is 1.0% higher and Thai shares are up 0.5%. In FX markets, the EUR is lower against th ... Read More »

Gold slipped on Friday as speculators booked profits from recent highs, but a steady euro and rising equities could limit declines as the metal heads for its third week of gains, its longest winning streak since November. Consumers in China helped bullion jump to its highest in more than a month this week, but purchases began to slow down ahead of the long Lunar New Year break which starts next we ... Read More »

London (REUTERS): Gold may reach a record high above $2000 an ounce in late 2012 or early 2013,but the precious  metal is nearing  the end of a decade-long run that has lifted prices by  more than  600 percent, metals consultancy GFMS said on Tuesday .Gold has been a top-performing asset since 2001 as portfolio diversification, concerns over sovereign risk and rock-bottom inter ... Read More »

Gold is a precious metal with which mankind has had a long and illustrious relation and continues to do so. Gold served as money until other forms of currency were devised and even now gold is bought as an investment. The innate high value of gold makes it a reliable form of wealth, no matter the conditions. This makes it a hedge against economical fluctuations. The actions of people based on this ... Read More »

Gold futures have rebounded from recent lows on value buying and short covering. There is still some market uncertainty, such as whether this is a corrective bounce, but nevertheless sentiment is more positive, said optionsXpess in a briefing.   “Gold has found some strength in improved investor confidence in the euro zone, as well as stronger U.S. equity prices. What has stopped some m ... Read More »