Gold – Gold's steep declines have left many gold investors unsure what to do.
Articles Tagged "eurozone"
Gold has fallen to its lowest price since July 2011, largely as a result of technical factors.
Copper – Amid dismal economic data out of Europe, copper made slight gains from an eight-month low as Chile’s port strike caused a supply squeeze.
Gold – Driven past $1,600 a week ago on fears of Cyprus going over a financial cliff, gold lost value after a bailout deal was announced.
A bailout deal for the island nation — which included a surprise tax on bank deposits — distracted investors from recent strength in the US economy.
Gold – The frightening specter of a run on European banks, evidenced by events in Cyprus, had investors clamoring for the safety of gold this week.
Gas – MarketWatch reported that the island of Cyprus, which finds itself in the middle of the latest Eurozone crisis, is banking on natural gas to cure its financial owes.
Gold – Traders covered their short positions after interpreting an ECB official's comments as indicative of continued monetary easing, bringing gold up more than 1 percent, to above $1,590 per ounce.
The annual mining conference opened with experts predicting a mixed near-term outlook for resources, but stating that underlying trends should fuel demand in the long run.
Platinum – Reuters reported that platinum rose 0.7% Monday as the uncertainty in Italy’s election results lifted safe-haven buying.