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Gold down 2 percent, below $1,600 on euro bailout doubts

Posted by Forexsq 9 days ago (http://www.reuters.com)
img forexsq.com - Gold fell more than 2 percent toward this year's lows on Tuesday, briefly breaking below $1,600 an ounce as questions over whether Greece will obtain a bailout and the broader euro zone debt crisis triggered a technical sell-off.

Bullion, which has largely failed to rally on economic uncertainties this year, is on track for its biggest one-day drop in more than two months. Analys
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Oil futures slip in electronic trading

Posted by Forexsq 24 days ago (http://www.marketwatch.com)
img forexsq.com - Crude-oil futures slipped in electronic trading Monday, as a stronger dollar crimped demand for the commodity.

Oil for June delivery CLM2 -0.46% edged down 13 cents at $103.75 a barrel in electronic trading.

Crude for delivery in May rose 78 cents, or 0.8%, to $103.05 a barrel on the New York Mercantile Exchange before expiring on Friday.

Monday’s weakness for oil came as
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Oil up as dollar declines, index futures rise

Posted by Forexsq 27 days ago (http://www.marketwatch.com)
img Crude-oil prices bounced in electronic trading Friday to take back some of their recent losses, ahead of the expiration of the May front-month contract later in the day.

The gains were supported by a mild advance for U.S. equity futures and a slight decline in the U.S. dollar against major currencies.

Light, sweet crude-oil futures for delivery in May CLK2 +0.37% rose 38 cents, or 0.4%, to
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Gold 'to hit $2,000' on Spain fears

Posted by Forexsq 35 days ago (http://www.telegraph.co.uk)
img forexsq.com - Rising fears about the region’s fourth largest economy will send a fresh flood of investment towards the “safe haven” metal, according to the annual report from Thomson Reuters GFMS. Philip Klapwijk, global head of metals analytics at the consultancy, said: “We could easily see last September’s record high [a closing high of $1,900.23 on September 5] being taken out. “A push on towa
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Oil bounces a bit as U.S. stock futures rise

Posted by Forexsq 36 days ago (http://www.marketwatch.com)
img Crude-oil prices bounced off multi-week lows in electronic trading Wednesday, as an increase in U.S. equity futures after Alcoa Inc.’s earnings report aided buying despite worries about European sovereign troubles and rising inventories.
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Gold extends gains in electronic trading

Posted by Forexsq 37 days ago (http://www.marketwatch.com)
img forexsq.com - Gold futures extended gains in electronic trading on Tuesday, supported by a weaker U.S. dollar.

Gold for June delivery GCM2 +0.41% added $8.80, or 0.5%, trade at $1,652.70 per ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours.

The rise extended a 0.9% jump notched in the North American session on Monday after a disappointing U.S. jobs
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Gold crash on Fed tightening and euro salvation looks premature

Posted by Forexsq 38 days ago (http://www.telegraph.co.uk)
img forexsq.com - It has been an unsettling experience for late-comers who joined the gold rush near all-time highs of $1923 an ounce last September. The slide has become deeply threatening since the US Federal Reserve took quantitative easing (QE3) off the table six weeks ago - or appeared to do so - and signalled the start of a new tightening cycle. Spot gold ended the pre-Easter week at $1636. “Th
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Gold sinks under $1,650 after Fed bond comments

Posted by forex 44 days ago (http://www.marketwatch.com)
img Gold futures added to losses in electronic trading Tuesday after minutes from the Federal Reserve's latest rate-setting meeting showed policymakers less interested in another round of large-scale bond purchases known as quantitative easing. Gold for June delivery GCM2
-1.81% , which had ended the
Comex floor session down $7.70 at $1,672 an ounce, fell further in the electronic session. It w
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How $100-plus oil can prime your portfolio

Posted by Forexsq 62 days ago (http://www.marketwatch.com)
img Don’t get mad at high gasoline prices; get a piece of the action.

Many stock-market strategists believe the energy sector will be among the best places to invest this year. Production of natural gas is rising and oil is topping $100 a barrel, giving investors a deep well of possibilities.

Energy stocks with the most bullish ratings from analysts are a logical starting point for investors l
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Plateau Oil meets 125m Chinese cars

Posted by Forexsq 73 days ago (http://www.telegraph.co.uk)
img That proved to be the pain barrier in the 1970s and again in 2008, and we are just shy of that level right now. “Oil is already capturing a higher level of European GDP than in 2008,” said Francisco Blanch from Bank of America. The rule of thumb is that a 10pc rise in crude cuts US growth by 0.2pc four quarters later, but the science is flabbily soft and nobody knows where the inflexion point lie
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Gold selloff risks halting investors’ buying spree

Posted by Forexsq 77 days ago (http://www.marketwatch.com)
img Forexsq.com - Gold’s steep loss may slow investor interest in the largest exchange-traded fund backed by the metal, but they are unlikely to halt strong flows that have led holdings in the ETF very close to a record.

New dollars had flocked to SPDR Gold Trust GLD +1.27% this year, lending support to gold’s recent rally.

On Wednesday, SPDR Gold sank 5.3%, its biggest one-day loss since late
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Gold drops as much as $80 on Bernanke comments

Posted by Forexsq 78 days ago (http://www.marketwatch.com)
img Forexsq.com - Gold futures slumped on Wednesday, dropping as much as $80 an ounce as comments from Federal Reserve Chairman Ben Bernanke fueled strength in the dollar, and as upbeat U.S. economic data dulled safe-haven demand for the metal.

Metals investors also digested news that the European Central Bank will offer a larger-than-expected amount of loans to the region’s banks.

Gold for Apr
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Great Day For Gold

Posted by Forexsq 84 days ago (http://www.marketwatch.com)
img Great day for gold - and the gold bugs think more is to come.

Gold closed at a new high for the year on Wednesday, as measured by the CME April gold contract - up $12.80 at $1771.30. By the stock market close, the metal was over $8 higher, up 1.1% on the day.

The NYSE Arca Gold BUGS Index XX:HUI +1.68% closed up 1.7% at 545.78, just below the Feb 2 551.24 high but perhaps more importantly
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Getting back to the gold standard

Posted by Forexsq 104 days ago (http://www.marketwatch.com)
img ForexSQ.com - The legendary Wall Street writer, publisher of Grant’s Interest Rate Observer, has been mentioned by two of the rivals for the Republican presidential nomination. Newt Gingrich said if elected president, he’d name Grant to help run a commission looking at a possible return to the gold standard. And Ron Paul said, if elected president, he’d go all-in and name Grant — one of Wall Stre
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Gold’s happy new year

Posted by Forexsq 115 days ago (http://www.marketwatch.com)
img ForexSQ.com - Gold is having a happy new year—and experts say the gold shares’ weakness may be deceptive.

Gold’s rebound came after a particularly unMerry Christmas. (See Jan. 2 column ) But from the Christmas week closing low on Dec. 29 to last Friday, gold as measured by the floor close in the Gold-Electronic (COMEX) Feb 2012 GC2G +0.55% , rose $120 or 7.78%. This was the third week of gains
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