Gold entered bear market territory in April after falling 20% from its cycle high. Today, it broke below the $1,200 level. Euro Pacific Capital's Peter Schiff told Business Insider that he doesn't see any new triggers to worsen the sell-off. Rather, he …
Gold, which is trading at its lowest level in nearly 3 years, is in the midst of a long term bear market, and investors should look for an opportunity to exit positions in the precious metal, experts told CNBC. "It's a long term bear market. If you …
Gold, however, plumbed fresh three-year lows with investors battered and bruised after a 30 percent drop this year. Analysts suspect the recent leg lower was due in part to forced liquidations of positions and quarter-end selling by funds. MSCI's …
India's efforts to curb demand for gold and its import volume to reduce a record current account deficit (CAD) seem to have the support of financial services companies. After Reliance Capital's decision to halt sales of gold-backed funds, it's now HDFC …
Gold traders are divided on the outlook for prices, with some judging that the slump to a 34-month low following the Federal Reserve's comments on tapering stimulus will spur demand for coins and jewelry. Fifteen analysts surveyed by Bloomberg expect …
By Lawrence Lewitinn | Talking Numbers – Tue, Jun 25, 2013 1:32 PM EDT. Email 0. Recommend. 8. Tweet. 0. If you're invested in gold, here's some good news: Dennis Gartman, Founder and Publisher of the Gartman Letter, has some advice for you.
Running a leveraged hedge fund with a long position in gold has not been a lot of fun lately. The price of gold closed in New York at $1,225.20/oz on Wednesday. This was down by 4.1% on the day, lower by 18.6% year-to-date, and down by more than 35% …
Gold slides even as other commodities rise * Analysts cite liquidation, quarter-end book squaring * Bullion set for biggest quarterly drop since at least 1968 * Coming up: U.S. Reuters/UMich index Friday (New throughout, updates prices and market …
Gold prices, now at a three-year low, could continue to get hammered as investors reshape their views of the precious metal. Forecasts for $1,000 an ounce gold sound much less far-fetched than they did before the metal breached $1,300 on June 20.