by Adrian Ash on December 11, 2009
THE PRICE OF GOLD ticked higher in Asia and early London trade Friday, heading towards the weekend at $1140 an ounce – some 3.4% below the record weekly finish of a fortnight ago – as world stock markets crept towards new 14-month highs.
The “safe haven” Dollar and Yen both eased back on the currency markets, but the British Pound failed to benefit, taking the gold price in Sterling back up to £700 an ounce.
By lunchtime in Frankfurt, gold priced in Euros had recovered one-fifth of the last seven days’ 6.5% loss from the intra-day peak above €812 an ounce.
[click to continue...]
VN:F [1.7.3_972]
Rating: 0.0/10 (0 votes cast)
VN:F [1.7.3_972]
by Adrian Ash on December 8, 2009
THE PRICE OF GOLD reversed Monday’s 2.4% rally vs. the Dollar early today, only to bounce sharply as world stock markets fell and the Euro currency dropped to a one-month low beneath $1.4750.
The gold price in Sterling and Euros held above £700 and €775 respectively.
Crude oil fell through $73 per barrel. US Treasury bonds rose, pushing yields lower.
European equities lost almost 2.0% by lunchtime in London.
[click to continue...]
VN:F [1.7.3_972]
Rating: 0.0/10 (0 votes cast)
VN:F [1.7.3_972]
by Adrian Ash on November 12, 2009
THE PRICE OF GOLD in US Dollars retreated from a fresh 0.7% surge early in London on Thursday, falling back from a new all-time record of $1123 an ounce as Asian stock markets closed the day lower.
Crude oil fell below $79 per barrel – higher by more than 75% from this time last year – while government bond prices rose.
The US Dollar bounced 1% from Wednesday’s near-15 month low to the Euro.
Gold priced in both Euros and Sterling rose to fresh 8-month highs, hitting €748 and £677 an ounce respectively.
[click to continue...]
VN:F [1.7.3_972]
Rating: 0.0/10 (0 votes cast)
VN:F [1.7.3_972]
by Shae Smith on October 28, 2009
The S&P/ASX200 closed down again yesterday to 4,753.50, a 1.59% drop. Again, the materials sector had a weak performance while other declines have been linked to profit taking by investors.
The Dow Jones Industrial Average closed higher, at 9,882.17, a 14 point increase. The Dow zigzagged overnight with unexpected reports on consumer confidence falling low than expected to 47.7. Analysts in the US had anticipated the reading to be 53.1. Follow this story here.
In Europe, the FTSE finished the day up, by 9 points to 5,200.97. A positive start to the US market helped drive the FTSE to close higher. However, underperforming banks in the UK still continue to drag the index down.
[click to continue...]
VN:F [1.7.3_972]
Rating: 3.3/10 (4 votes cast)
VN:F [1.7.3_972]
Rating: -2 (from 6 votes)
by Shae Smith on October 27, 2009
The S&P/ASX200 closed at 4,830.30 down by 29 points. The materials sector had a weak performance yesterday, and a further decline is expected this morning on the back of the poor performance in the US overnight.
The Dow Jones Industrial Average closed at 9,867.96, a 104 point drop. Bank of America [NYSE: BAC] led the decline. BAC are trying to raise capital to repay the federal bailout but disagree on how much is actually needed to satisfy the regulators. Find out more about this story here:
In Europe the FTSE finished lower by 50 points to 5,191.74. The index dropped based on a weak wall street.
[click to continue...]
VN:F [1.7.3_972]
Rating: 1.0/10 (1 vote cast)
VN:F [1.7.3_972]
Rating: -1 (from 3 votes)