This Week's Most Popular Gold News
- #1 Gold Price Jumps, Will Disappointing Data Lead to QE3?GOLD PRICE NEWS – The gold price surged higher Thursday morning, by $30.61, or 2.0%, to $1,570.53 per ounce after a series of disappointing U.S. economic reports. The price of gold moved steadily upward in overnight trading, but accelerated its gains as the U.S. dollar weakened following the economic data. The SPDR Gold Trust (GLD), the most read more...
- #2 Gold Rebounded, Awaiting European and Fed ActionsGold futures bucked the trend of the broader market and jumped $38 or 2.5% on Thursday, the largest percentage increase since 25 October, 2011. S&P fell almost 2% while Stoxx and crude oil both dropped 1.5%. Dollar index rose for 14 consecutive days.... read more...
- #3 Fed Minutes Suggest QE3 “Could Be Necessary”Wednesday afternoon’s release of the latest Fed minutes – a recap of the most recent FOMC meeting – indicated that the Ben Bernanke-led central bank could launch a third round of quantitative easing (QE3) if the U.S. economy worsens. In particular, the minutes noted that “Several members indicated that additional monetary policy accommodation coul read more...
- #4 “There is more upside than downside risk for gold at the moment”Gold continued to surge higher in mid-day trading on Thursday, as the spot price climbed $38.93, or 2.5%, to $1,578.85 per ounce. In doing so, the yellow metal was on pace for its best day since a 2.7% rise on January 25, 2012. The rally in gold was fueled by several worse than expected U.S. economic reports – including Weekly Jobless Claims, th read more...
- #5 Gold Price Rebounds, is a “Turnaround” Ahead?GOLD PRICE NEWS – The gold price bounced back from overnight losses on Wednesday alongside European and U.S. financial markets. The spot price of gold fell as much as $16.38 to $1,526.50 per ounce in overnight trading – its lowest level since December 29, 2011 – before rebounding into positive territory by $6.67 at $1,549.55. The SPDR Go read more...
- #6 Mid-Session Gold Market ReportSeeing a hard range down washout this morning in gold wasn't surprising considering the ongoing deterioration of global macro economic sentiment over the weekend.... read more...
- #7 Dollar Strength Drives Up Gold?s Correlation with Risky AssetsGold futures continued its decline this week after falling 3.7% last week. As of Wednesday Asia open, gold futures is trading around $1,543, falling about 2.6% this week.... read more...
- #8 Will Doomsday Bill Help Gold and Silver Shine?In an effort to shore up its broken financial system, the European Central Bank recently completed a second round of its long-term refinancing operation.... read more...
- #9 Gold Jolted But Not Collapsed after FOMC MinutesGold futures traded up 1% to end at $1,669.3 last Friday and went up another 0.6% to end at $1,679.70 on Monday in line with other commodities? rally and dollar decline.... read more...
- #10 Morning Gold Market ReportCompiled 05/15/12 6:00 AM (CT)Statistics: London Gold Fix $1,559.00 $-4.00 LME Copper Stocks 216,350 tons -1,950 tons.GOLD MARKET FUNDAMENTALS: (6:00 AM CST) After another range down thrust that temporarily sent June gold prices down to the lowest level since December... read more...
