Gold: Yellow metal retreated as safe haven demand dropped, trading higher this morning

  On Friday, Gold prices traded lower by 0.46% against the USD, at 1608.58 per ounce, as demand for the safe haven metal decreased following news that Greece may raise the stakes it owns in Cypriot banks to ease the … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal higher on Cyprus debt fears, trading lower this morning

  Gold prices traded higher by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1615.95 per ounce, on safe-haven buying after the European Union indicated that it would cut off liquidity to Cypriot banks, raising concerns … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal trading tad higher this morning

  Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1606.57 per ounce, snapping its four-day winning streak, despite news that the Federal Reserve would keep interest rates at ultra-low levels. In … Continue reading

Posted in Gold | Leave a comment

Gold: Precious metal gained after Cyprus rejected deposit tax; trading tad lower this morning

  Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1613.01 per ounce, on renewed flight-to-safety investment after the Cyprus’ Parliament rejected the controversial bank deposit levy plan set forth by the … Continue reading

Posted in Gold | Leave a comment

Gold: Gold rose on safe-haven buying

  Gold prices traded higher by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1606.02 per ounce, surpassing the important $1,600 level as investors sought refuge in the safe-haven metal amid concerns over a controversial bailout … Continue reading

Posted in Gold | Leave a comment

Gold: Bizarre Cyprus bailout deal pushes Yellow metal higher

  On Friday Gold prices traded marginally higher against the USD in the period ending 21:00GMT, at 1591.95 per ounce. In the Asian session, at GMT0400, Gold is trading at 1598.27, 0.40% higher from Friday’s close, as unusual bailout deal … Continue reading

Posted in Gold | Leave a comment

Gold: Gold trading tad higher in the Asian session

  Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1590.75 per ounce. Earlier, gold prices were pressured after upbeat US labour market data added to evidence of an economic recovery, making safe-haven … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal loses shine amid a strong dollar

  Gold prices traded lower by 0.22% against the USD in the 24 hour period ending 23:00GMT, at 1589.29 per ounce, as the dollar strengthened following upbeat US retail sales figures. In the Asian session, at GMT0400, Gold is trading … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal rose following ECB policymaker comments

  Gold prices traded higher by 0.65% against the USD in the 24 hour period ending 23:00GMT, at 1592.80 per ounce, as demand prospects for the yellow metal increased after the European Central Bank (ECB) policymaker, Jens Weidmann indicated that … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal moving northwards in the Asian session

  Gold prices traded higher by 0.23% against the USD in the 24 hour period ending 23:00GMT, at 1582.46 per ounce. In the Asian session, at GMT0400, Gold is trading at 1584.04, 0.10% higher from yesterday’s close. Gold is expected … Continue reading

Posted in Gold | Leave a comment

Gold: Yellow metal trading higher in the Asian session

  On Friday, Gold prices traded marginally higher against the USD, at 1578.80 per ounce. Gains in the yellow metal were limited as the US Dollar rose, after the US jobs data outperformed market expectations. In the Asian session, at … Continue reading

Posted in Gold | Leave a comment