Archive for the ‘Gold’ Category

Latest figures for gold and other types of trading

Monday, January 23rd, 2017


The latest commodity figures show that gold and oil increased in value this weekend; the former was up by 0.88% and the latter was by 0.11% when compared to last week’s figures. This is particularly interesting given that this has been a month in which the price of oil has been moving sharply up and down in response both to the US presidential elections and to volatile forecasts about the situation in the Middle East. There are two key factors that are behind the fact that this commodity is valuable at the moment, though, and these are outlined below.
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World’s Gold Miners Stick Close to Home in Hunt for More Metal

Monday, September 19th, 2016

The world’s biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years.

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Gold Falls and Oil Firms as Markets Shrug Off Turkey Coup

Monday, July 18th, 2016

Gold slid one per cent on Monday (July 18) as investor jitters calmed following the failed coup attempt in Turkey, while oil prices edged higher with the turmoil unlikely to hit energy supplies.

Copper fell for a second session on pressure from a stronger dollar while corn prices jumped, underpinned by forecasts of hot-dry weather potentially reducing U.S. crop yields.

Turkey widened a crackdown on suspected supporters of a failed military coup, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in control of the country and economy.

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Gold Hits 4-week High as Cenbank Meets and Brexit Vote Shakes Stocks

Monday, June 13th, 2016

Gold hit its highest since mid-May today, Monday (June 13), driven higher by a retreat of the dollar and as stocks were knocked by rising risk aversion before key central bank meetings this week and a June 23 vote on whether Britain should leave the European Union.

The pound fell to a two-month low against the dollar, pushing gold denominated in sterling to its highest in nearly three years at 909.83 pounds an ounce, up 1.9 per cent.

Spot gold was up 0.8 per cent at $1,283.66 an ounce at 09.40 GMT, off an earlier peak of $1,284.50. U.S. gold futures for August delivery were up $11.10 an ounce at $1,287.00.

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Gold Keeps Shining in the Best Rally in Two Months

Monday, May 2nd, 2016

Nothing seems to be slowing down the gold market, even when speculators take a step back.

Bullion has been on a tear, with futures last week posting the biggest advance in two months. Hedge funds missed the party, reducing their wagers on a rally by the most since they turned bullish in January.

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Promising Gains for Gold, but Will it Continue?

Tuesday, January 26th, 2016


In a week looking set to be all about the weakening U.S. dollar and plummeting oil prices, gold futures have regained ground to find themselves back at $1,100–an–ounce level on Monday.

Going Gold

Not entirely unrelated to the weakening greenback, the yellow metal gained 0.8% early this week to reach a high of over $1,105. Though this gain falls short of the $1,108.90 session high, it does continue the upward trend from last week where it gained a half percent. This is particularly promising for the yellow metal in a period where almost every other asset class has fallen victim to increased volatility.
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Oil and Gold: Storm Clouds Gathering

Monday, December 21st, 2015

Oil Hits an 11-Year Low

While this may not be a real surprise to professional online commodity traders, the fact that the price of Brent crude has dropped to levels not seen since the recession of 2008 has some investors questioning how low it may go.

Many technical analysts have pointed out that due to an excess of supply combined with steady OPEC production rates, support levels could still be a long time off.
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Stagnation is the Name of the Game in Terms of Oil and Gold

Wednesday, December 9th, 2015


In recent news, it has been shown that mining prices have taken massive hits with some companies such as Anglo American down nearly 22 per cent since the start of trading this week. Such negative movements serve to underpin the fact that online commodity trading experts still feel that there is a glut in terms of supply versus demand.

In turn, both oil and gold have once again entered into a more bearish territory (if ever having left this region to begin with during the past few months).
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Poor performances for Gold and Oil trading circles

Tuesday, December 1st, 2015

Gold: A Long Winter Ahead?

The bears have once again taken centre stage in terms of online gold trading. However, this is not all bad news for short-term commodity investors.

One of the main reasons for relatively positive news is that it is now widely believed that the Federal Reserve of the United States will raise its interest rates.
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Oil and Gold Prices Rise in the Aftermath of Paris Terrorist Attacks

Thursday, November 19th, 2015


In the wake of the Paris terror attacks on Friday 13th November 2015, gold and oil prices rose while other markets such as travel and tourism-related stocks fell.

On Monday 16th November, the BBC reported that gold prices had risen by 1% since the attacks, while oil prices also rose as the market reacted to concerns about oil availability following the French air strikes in Syria.
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