by agm | May 18, 2012 | news
Gold futures continued to rebound Friday as the U.S. dollar lost steam and weakened in relation to other major currencies, leaving the metal open for a small advance after two weeks of losses. Gold for June delivery GCM2 +1.03% rose $17, or 1.1%, to $1,591.90 an...
by agm | May 17, 2012 | news
— Is gold finished? I’d say it is about as finished as all of the other times in the last dozen years that it has been finished — it’s just that the obituary has received more notice lately. Once again I find myself on the defensive about gold,...
by agm | May 17, 2012 | news
The eurozone could break up and trigger a global economic slump to rival the Great Depression, the IMF warned last night. In its World Economic Outlook report, the International Monetary Fund said the collapse of the crisis-torn single currency could not be ruled out....
by agm | May 17, 2012 | news
The Soros Fund Management seems optimistic on gold as it stocks up in bulk. First quarter stats show that billionaire investor George Soros pumped up a rather plump gold ETF and invested quite heavily in J.P. Morgan Chase (JPM) at the tail end of the quarter. As of...
by agm | May 16, 2012 | news
So the price of gold keeps falling, and it keeps falling despite the imminent failure of Greece’s Euro membership, the looming collapse of Europe’s banking system, and the fast-looming debt-ceiling repeat and fiscal cliff in the US. Hey-ho. Some €700m per day is being...
by agm | May 16, 2012 | news
Gold recovered from its lowest since late December on Wednesday, edging back into positive territory as U.S. stocks opened higher and after speculation Germany and France will act to keep Greece in the euro zone lifted the euro into the black. Spot gold was up 0.3...
by agm | May 8, 2012 | news
The price of gold took a slight dip in the wake of Europe’s election mayhem on Sunday. Regardless, there was a telling uptick in safe-haven demand for the metal. Look no further than Europe to realize why that might be. Europe is in tatters, to say the very least, and...
by agm | May 8, 2012 | news
Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis. Imports from Hong Kong were 135,529 kilograms...
by agm | May 6, 2012 | news
UAE. The latest US non-farm-payroll figures were released and 115,000 new Jobs have been created. The unemployment head line rate has been reduced to 8.1%. These numbers have been interpreted as disappointing, as the median expectation was looking for the creation of...
by agm | May 2, 2012 | news
Since the dramatic drops the silver market saw in May and September of last year, prices in the precious metals market have been suffering from an excess of negative sentiment. This adverse perception is weighing on metal prices and keeping investor demand at bay....
