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Metal

PRECIOUS METALS: Comex Gold Pulls Back From $1,020 Area

Saturday, March 13, 2010

Gold futures fell Friday despite a markedly weaker U.S. dollar, as some of the risk premium from euro-zone debt fears left the metal and as it pulled back from an area of price resistance. April gold fell $6.50, or 0.6%, to settle at $1,101.70 an ounce on the Comex division of the New »

MARKET TALK: Gold Futures Fall As Metal Also Drops In Euros

Saturday, March 13, 2010

Gold futures are faltering in dollar terms, dipping a tad bellow $1,100, as the metal also pull back in euros. As fears about Greece and euro zone debt ease, participants are unwinding some of the safe haven »

LBMA: Feb Gold Ounces Transferred Down On Month, Silver Up

Saturday, March 13, 2010

Gold and silver clearing statistics were mixed in February on the month, with gold troy ounces transferred down and silver ounces up, the London Bullion Market Association said Friday. Gold ounces transferred fell 9.1% to a daily average »

PRECIOUS METALS: Comex Gold Eases As Dollar Firms After Data

Friday, March 12, 2010

Gold futures pared gains Friday morning, tracking against the U.S. dollar as the greenback firmed following an unexpected rise in U.S. retail sales. In recent trading, April gold was up 70 cents, or 0.1%, at $1,108.90 an ounce on the Comex »

MARKET TALK: Comex Gold Rises With Euro In Overnight Trading

Friday, March 12, 2010

Comex April gold is trading $8.40 higher at $1,116.60 per ounce in overnight screen trading ahead of the pit open. The metal was boosted as the euro rose. May silver is up 14.5 cents to $17.305. U.S. economic »

South Africa 2009 Gold Production Falls 5.8% On Year-Industry

Friday, March 12, 2010

South Africa slipped down the rankings as a global gold producer last year, with output falling 5.8% on the year to 204,922.8 kilograms, the country's Chamber of Mines said Friday. South Africa was for most of the last century »

PRECIOUS METALS: Spot Gold Up As Euro Rebounds

Friday, March 12, 2010

Spot gold is trading up Friday as a rebound in the euro attracts investors back to the precious metal. Gold has been trending lower for much of the week, hitting a two-week low Thursday, but a breakout in the euro attracted »

MARKET TALK: Spot Gold Could Be Weighed By Low OECD Inflation

Friday, March 12, 2010

Spot gold prices may be weighed in the near term by lower-than-expected OECD inflation, says HSBC analyst James Steel. Says gold could trade below $1,100/oz in the near term. But adds good underlying physical »

PRECIOUS METALS: Asia Spot Gold Ticks Higher, US Dollar Lower

Friday, March 12, 2010

Spot gold ticked higher in Asia Friday, boosted by some bargain hunting and a lower dollar against the euro, which helped prices to lift from overnight two-week lows. Overall activity was quiet, with the market still digesting »

MARKET TALK: Spot Gold Recovers; China Retail Demand – Analyst

Friday, March 12, 2010

Spot gold moves higher at $1,112.50/oz, up $2.90 vs NY close, recovers after weak overnight performance which driven by higher China February inflation data triggerring concerns about rate hikes from Beijing »

MARKET TALK: Spot Gold Steady, But Deflation A Worry – HSBC

Friday, March 12, 2010

Spot gold slightly higher at $1,110.90/oz, up $1.30 vs NY close. HSBC analyst James Steel says while market focusing on higher-than-expected inflation in China, rest of world not recording higher levels. Gold overnight sets fresh 2-week low overnight. »

PRECIOUS METALS: NY Gold Ends Steady; Silver, Platinum Higher

Friday, March 12, 2010

Gold futures ended virtually unchanged after pressure from concerns about Chinese monetary policy tightening weakened the metal, but the $1,100 level proved enough support for gold to bounce. April gold rose 10 cents, or 0.01%, to settle at $1,108.20 an ounce on the Comex division of the »

US Jan Gold Imports +14.0% From Dec-Mar 11

Friday, March 12, 2010

U.S. gold imports rose 14.0% in January from the previous month, and was up 126.5% from the previous year, the Commerce Department reported Thursday. »

MARKET TALK: China Tightening Worry Keeps NY Gold Lower

Thursday, March 11, 2010

Gold futures remain under slight pressure on fears of Chinese monetary policy tightening. If the Asian nation moves to curb its own inflation by tightening, that could cut the threat of inflation worldwide, says Sterling Smith, analyst with Country Hedging. »

PRECIOUS METALS: Gold Slips On Worry About Chinese Tightening

Thursday, March 11, 2010

After an initial blip higher following an unexpected narrowing in the U.S. trade gap, gold futures have come back under pressure Thursday morning from worries China will have to tighten monetary policy. In recent activity, April gold was down $4.60, »

MARKET TALK: NY Gold Moves Slightly Lower Ahead Of Floor Open

Thursday, March 11, 2010

Comex April gold futures are down $1.80, or 0.2%, at $1,106.30 a pound in electronic trading ahead of the New York floor open. Overnight, spot gold in Europe was edging lower amid worries that heightened Chinese inflation »

MARKET BEAT: Comex April Gold To Put Pressure On $1102 Support

Thursday, March 11, 2010

The Comex April gold future has sharply turned tail off Wednesday's bearish outside day high at $1128.3/oz, and the key projected support level at $1102.0 is under threat. »

MARKET TALK: Gold Drop Leaves Market Sentiment Weak -UBS

Thursday, March 11, 2010

Gold's drop Wednesday left market sentiment very weak and price risk remains to the downside, particularly as lower prices have not prompted a revival of physical interest, says UBS analyst Edel Tully. »

PRECIOUS METALS: Spot Gold Edges Lower After Fall

Thursday, March 11, 2010

Spot gold in Europe is edging lower Thursday after falling to a one-week low the day before. An acceleration in Chinese inflation is sending worries through the markets that the country may »

MARKET TALK: Spot Gold Vulnerable To Fall Below $1,100/Oz

Thursday, March 11, 2010

Spot gold is vulnerable to a fall below $1,100 a troy ounce after the drop Wednesday, says Eugen Weinberg, an analyst at Commerzbank. In euro terms, the metal is also lower. "Traders are cautious due to the proximity to »

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