Gold Dips to One-Month Low, On Track for Most Extended Downturn Since 2009
Gold – Reuters reported that gold is continuing its descent and is nearing a one-month low, while heading towards the largest downturn since 2009.
Articles Tagged "gold market"
Gold Falls to Three-Week Low
Gold – Reuters reported that gold backtracked on Wednesday, hovering around a three-week low because of disappointing European growth numbers.
Gold Retreats Against Stronger Dollar
Gold – Reuters reported that gold pulled back on Monday, nearing a two-week low as the dollar gained momentum on news from the ECB that deposit rates could be cut if necessary.
Gold Drops 2 Percent as Dollar Gains Momentum
Gold – CNBC reported that gold slid to a two-week low on Friday as equities and the dollar gained strength.
Chinese Gold Imports Expected to Continue Momentum
Gold – Reuters reported that Chinese gold imports are expected to jump for the second straight month, as they take advantage of low prices.
Gold Rallies on ECB Rate Cut
Gold – Reuters reported that gold rebounded Thursday, lifted by a ECB rate cut.
Gold Plummets 2.2 Percent, On track for Biggest Loss Since April 15
Gold – Reuters reported that gold is on pace to mark its biggest slide since April 15, when it experienced its historic drop, pushed down today by questions around industrial demands for metal out of the U.S. and China.
Gold Slides, Investors Lacking Confidence
Gold – Reuters reported that gold toppled almost one percent on Tuesday, as investors shed ETF asset holdings, bringing those levels down to lows not seen since September 2009.
HSBC Trims Gold Forecast on Shaky Investor Confidence
Gold – Reuters reported that HSBC has dropped its gold forecast for 2013 and 2014, saying that the recent plunge in prices has taken a toll on investor confidence, which will take some time to recover.
Gold Edges up on Weak Dollar
Gold – Reuters reported that gold moved up on Monday against a weakening dollar, under pressure from the possibility of additional monetary easing from the U.S and from Europe. As quoted in the market report:
