Gold eased on Friday after posting its biggest one-day rise in nine months but the safe-haven metal was still trading near April highs and was on track to post its best week in two months, boosted by technical buying and geopolitical tensions. Spot …
At its peak in March, gold in dollar terms was up just over 15% on the year but has since fallen back and is currently up 5.7% on the year. Year to date, gold in euro terms has been the best performer, outperforming gold in dollars by 1.5%. Gold in yen …
Gold falls after 3.3 percent jump overnight * Trades near 2-month high (Updates prices) By A. Ananthalakshmi SINGAPORE, June 20 (Reuters) – Gold eased on Friday on profit taking after posting its biggest one-day rise in nine months, but the safe-haven …
While Fed Chairwoman Janet Yellen had no intention of doing so, her basic theme in the Q&A session Wednesday was that interest rates would continue to remain low for a considerable period. Many investors believed that the threat of higher interest …
“Yellen's words worked like magic for the gold market, which has otherwise been very lackluster,” Dan Denbow, a portfolio manager at the $1 billion USAA Precious Metals & Minerals Fund in San Antonio, said yesterday. “The political turmoil in Iraq and …
After a 2013 that left owners of gold writhing in pain, 2014 brought some welcome respite. The last three months were not too fruitful for gold bugs, but alas the last couple weeks have pushed the precious metal higher. Initially it was the disturbing …
Federal Chairwoman Janet Yellen gave a positive outlook on the U.S. economy on Tuesday and said rates would stay low for the foreseeable future. Her remarks surprised some investors who had bet against gold prior to the Federal Reserve meeting and …
China, the world's biggest gold user, will start international gold trading in Shanghai's free-trade zone in the final quarter of this year, according to a city government official. “We will aim to commence trading in the fourth quarter,” Zheng Yang …
Gold fell from a two-month high in London on speculation that gains were exaggerated as investors sought to close out bearish positions after the Federal Reserve said it expects interest rates to stay low. Short positions held by money managers betting …