Graham Tuckwell, who created a $125 billion market in exchange-traded gold in less than a decade, is struggling to convince regulators and investors he can do the same for industrial metals. More than a year after he sought permission to start an exchange-traded product backed by copper held in warehouses, the U.S. Securities and...
By Liam Pleven Reuters The notion that the Fed’s announcement could be a game-changer for the gold market is looking tarnished at the moment. Many fans of the precious metal see monetary policy as a main price driver, as cheaper money is seen as eroding the value of paper currencies. But gold investors seem...
By Jim Wyckoff of Kitco News Comex gold futures prices ended the U.S. day session moderately lower but well up from the session low in volatile trading Wednesday. The gold market gyrated in the aftermath of the FOMC statement issued around midday. August gold last traded down $8.10 at $1,615.10 an ounce. Spot gold...
By Daniel Inman Shutterstock.com Chinese demand for gold isn’t letting up following a strong first quarter that saw demand reach record levels from Asia’s biggest economy, offsetting weakening appetite in India. “It does seem that China is picking up the slack in the system from a weaker India,” said Ross Norman, chief executive of...
By Marcus Grubb NEW YORK (MarketWatch) — The recent decline in the price of gold has led some market commentators to the conclusion that gold is no longer performing the function for which it was bought: as protection against macro-economic uncertainty. If it was, goes the argument, the price would be rising as people...
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By Jim Wyckoff Of Kitco News Comex gold futures prices ended the U.S. day session around unchanged but near the daily high Monday. The market saw some corrective selling pressure early on Monday, but then some bargain hunting and safe-haven buying interest surfaced at the daily low to push prices back near steady by...