Demand from China, which is on course to challenge India's position as the top gold consumer this year, could also soar to a record 1,000 tonnes in 2013, the WGC said. Strong physical buying from the world's biggest consumers, who account for nearly 60 …
SAN FRANCISCO (MarketWatch) — Gold futures rallied on Thursday as steep losses for U.S. stocks and a decline in the U.S. dollar lured investors into the perceived safety of the precious metal. Gold for December delivery (CNS:GCZ3) rose $27.50, or 2%, …
The second quarter was by no means a time to own gold, and billionaire hedge fund manager John Paulson knows it. While he cut his major position in the yellow metal by half, selling nearly 12 million shares in the largest gold ETF worth $1.38 billion …
Gold demand fell 12 percent to a four-year low in the second quarter as record exchange-traded product sales and less central bank buying countered surging jewelry, bar and coin purchases, the World Gold Council said. Global demand slipped to 856.3 …
Gold rose 2 percent on Thursday to a near two-month high, as a sell-off in U.S. equities helped lift bullion above a key technical resistance at $1,350 which triggered heavy buy-stop orders. Flaring tensions in Egypt and the Middle East may have also …
… 2013 5:08pm IST. LONDON (Reuters) – Gold demand hit a four-year low in the second quarter, despite surging appetite for jewellery, coins and bars, as investors exited bullion funds and central bank buying more than halved, the World Gold Council said.
After getting beat down in the face of better-than-expected jobless claims data this morning at 8:30 AM ET, gold has recovered all of its losses and is surging. The shiny yellow metal just blew through $1360 an ounce to the upside after trading as low …
(Kitco News) – Comex gold futures prices ended the U.S. day session sharply higher, near the daily high and hit a fresh seven-week high Thursday. Safe-haven buying was featured amid the sell- off in the U.S. stock market and the escalation in violence …
Art Cashin, UBS Director of Floor Operations on the New York Stock Exchange, and Denis Gartman, founder and publisher of The Gartman Letter, each has their take on whether there's substance to gold conspiracy theories. Today on Talking Numbers, …