Gold futures climbed Wednesday, recouping the prior day’s loss and then some to finish at their highest level in nearly a month, with the metal finding support from weakness in the U.S. dollar and strong demand in Asia. Gold for June delivery (US:GCM3) climbed $24.90, or 1.7%, to settle at $1,473.70 on the Comex division of the [...]
May 9 2013 | Posted in
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The gold price in Hong Kong went up 122 HK dollars to open at 13,660 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,477.63 U.S. dollars a troy ounce, up 13.2 U.S. dollars at the latest exchange rate of 1 U.S. dollar against [...]
May 9 2013 | Posted in
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Hedge funds increased bets on a gold rally by the most in three weeks as central banks signaled no end to economic stimulus, driving prices higher just as analysts and traders turned the most bearish in three years. The funds and other large speculators raised their net-longposition by 19 percent to 54,762 futures and options as [...]
BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index climbed to a 16-month high last month as the biggest price drop in three decades triggered more demand. The index jumped to 58.6 in April, the highest since December 2011, from 53.3 in March, the London-based [...]
May 9 2013 | Posted in
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Gold was headed for its biggest weekly gain in one-and-a-half years after rising more than 1 percent on Friday as a mid-month plunge in prices triggered bargain-hunting and a surge in physical buying across Asia. Bullion still attracted buying even though the price had rebounded more than $100 since falling to a two-year trough of around $1,321 last week, with dealers [...]
Apr 26 2013 | Posted in
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