Selling quickens as prices break below key moving averages * U.S. gold futures briefly paused to prevent large movement * U.S. jobless claims down last week but implication clouded * Coming up: US retail sales, Producer Price index Friday (Adds trader …
(Kitco News) – The size of the U.S. deficit and the price of gold show a striking relationship as they both reflect each other, says the head of research for an exchange-traded fund. The U.S. deficit currently stands around $16.7 trillion, up from …
(Kitco News) – Gold prices ended the U.S. day session with sharp losses and hit a four-week low Thursday. Deteriorating near-term chart postures for both gold and silver markets are leading to fresh technical selling pressure this week. More risk …
NEW YORK—Gold futures fell to a four-week low as upbeat U.S. labor-market data reinforced expectations that the Federal Reserve would curb its bond-buying effort. The most actively traded gold contract, for December delivery, fell $33.20, or 2.4%, to …
Gold fell nearly 3 percent Thursday morning to a four-week low, dipping to $1325.60 an ounce. Analysts and traders say technical momentum prompted further selling after gold broke below its 100-day moving average (around $1,359.) Also, anticipation of …
(Corrects first half Chinese jewellery demand in paragraph 12). * Gold to average $1,446/oz in 2013, $1,350/oz in 2014. * Gold may reach $1,500 by early-2014, before falling below $1,300. * China, India demand to contract, bar hoarding to halve in H2 2013.
Meanwhile, if there was a physical gold squeeze in the last couple of months, it seems it was largely motivated by demand from India and the Middle East — in moves that were arguably driven by fears of prospective currency devaluation (something …
As tensions in Syria are receding this week, so is the price of gold. Having tacked on more than $200 per ounce during a two-month rally, gold has given back one-third of the advance, dropping back to technical support levels below $1,350. A 5% drop …
Shares in world's largest tech company plunged more than 5%, after its cheaper plastic model faced tough criticism from both investors and consumers. Experts say, Apple's new line isn't budget enough, as its price is unlikely to attract low-end consumers.