Gold eases but still near 4-month high on safe-haven bids

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold ticked lower on Monday as Asian share markets gained strength, but the metal stayed close to a four-month high hit last week on safe-haven demand from escalating tensions in the Middle East and Ukraine. Spot gold fell 0.2 percent to $1,334.89 an ounce by 0301 GMT after posting its sixth straight weekly … Read more

Gold retains losses on the back of strong US jobs data, stocks drag

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold was mostly unchanged on Friday, holding on to its losses from the previous session, and could see a further drop in prices as strong U.S. jobs data and record highs on Wall Street dent the precious metal’s safe-haven appeal. U.S. employment growth jumped in June and the jobless … Read more

Gold steady, but a rally for equities curbs demand

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold held its ground above $1,250 an ounce on Monday after U.S. jobs data matched expectations, while a rally in stocks curbed the metal’s appeal as an investment hedge. With no major economic data scheduled for Monday, markets were eyeing investment and consumer demand for further cues. Spot gold … Read more

Gold price “in a state of suspended animation” – Paul Walker

The gold price has been a surprisingly boring story for the last few months. After shooting the lights out in the immediate wake of the 2007/8 financial crisis, the yellow metal has taken a real backseat in the last twelve months, as the process of monetary and fiscal tightening has begun in earnest, albeit haltingly. … Read more

Gold Drops in Longest Losing Streak in nearly 7 months

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold slid for a fifth straight session on Monday in its longest losing streak since November, and hit a fresh four-month low, hurt by stronger global equities and weak physical demand in Asia. Spot gold fell to $1,240.69 an ounce, its lowest since early February, before recovering slightly to $1,243.40 … Read more

Rising gold prices – it’s the interest rates, stupid!

Nothing gets investors as riled up as gold – love it or hate it, everyone has an opinion about the yellow metal. Very often, the story you hear about gold in the media is news cycle driven. When there is some kind of important geopolitical event – say, the tension in the Ukraine – then … Read more

Gold price steady; platinum up on SA strike threat

From Reuters * SPDR holdings rise for first time in a month * Gold records four straight weeks of gains * Platinum strikes in S. Africa likely this week (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, Jan 20 (Reuters) – Gold steadied after touching its highest level in nearly six weeks on Monday, still finding … Read more

Newgold signal for gold to platinum switch

JSE-listed physical gold ETF Newgold has repurchased almost R250m worth of its units after investors cashed in 2m of the listed debentures. The repurchase represents just under 20 000 ounces of gold. The Newgold Gold ETF holds a combined 1.3m ounces of gold, worth R16.3bn. The company’s Platinum ETF earlier today announced the creation of … Read more