Gold Moves Up on Wednesday as U.S. GDP Falls Short
Gold – Reuters reported that gold jumped up Wednesday as investors reacted to U.S. GDP data that did not meet expectations.
Articles Tagged "gold markets"
Gold to Hit $1800 Before Retreat: Societe Generale SA
Gold – Bloomberg reported that, according to Societe Generale SA, gold will likely rally up to $1800 an ounce before falling back in the later part of the year. As quoted in the market report:
Hold Gold to Guard Against Worst-Case Scenario: Faber
Gold – The Financial Post reported that, according to Marc Faber, the publisher of the Gloom, Boom & Doom report, there is value to holding gold as part of a portfolio to guard against a "worst-case scenario".
South African Gold Output Drops 32 Percent
Gold – Mining Weekly reported that South African gold output fell by 32.2 percent, year over year.
JPMorgan Chase & Co Sells Most Notes Tied to Gold in Three Years
Gold – Bloomberg reported that JPMorgan Chase & Co has sold $35 million one-year notes linked to the price of gold, which marks the highest level in three years.
Gold Hits Four Month Low on U.S. Fed Minutes
Gold – Reuters reported that gold continued to fall on Friday, pushed down by 2.2 percent in early trading by minutes from the U.S. Federal Reserve that raised concern over monetary policy.
Fundamentals Suggest Gold Will Continue to Climb in 2013
Gold – Mineweb reported that the fundamentals are in place for gold to continue to rise healthily in 2013.
Gold Registers Gains Against Every Fiat Currency in 2012
Gold – Business Insider reported that gold registered gains against every fiat currency in 2012.
Gold Eases on Thursday, Pushed Back by Fiscal Cliff Aversion
Gold – CNBC reported that gold pulled back slightly on Thursday, as investors flocked to the dollar after a U.S. fiscal cliff aversion
Gold on Pace to Post 12th Annual Gain
Gold – Bloomberg reported that gold is on track to post its 12th annual gain.
