By Jim Wyckoff of Kitco News Comex gold futures prices are modestly higher in cautious early U.S. trading Friday. The market place is tentative ahead of this weekend’s potentially pivotal Greek elections. August gold last traded up $4.10 at $1,623.70 an ounce. Spot gold was last quoted down $0.50 an ounce at $1,623.25. July...
Gold ETFs are often described as an inflation hedge but recent academic research suggests the precious metal is more dependent on emerging market demand, particularly from central banks that hold less gold than their counterparts in developed countries. “Assuming that gold moved in lockstep with the CPI, the implied price would be about $780...
– Posted Wednesday, 13 June 2012 | | Source: GoldSeek.com London Gold Market Report The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday’s 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May. Silver bullion recovered an...
– Posted Thursday, 14 June 2012 | | Source: GoldSeek.com By Gary Tanashian As the world awaits the Greek election, there was news today right here in Wonderland: Treasurys rise after record-setting auction Our great nation is selling more bonds (AKA debt) this week to keep itself afloat. Guess what? Demand...
* High prices tease out light scrap selling * Weak rupee, monsoon season suppress Indian gold demand * Hong Kong, Singapore gold bar premiums tick down SINGAPORE, June 14 (Reuters) – Demand for physical gold in Asia stayed sluggish while higher gold prices lured some selling, but most market participants preferred to stay on...
Asian shares slip on weak U.S. data, Italy debt sale eyedReuters Asian shares slipped on Thursday as weak U.S. retail sales data raised fresh concerns about sluggish economic growth, …