Bullion News

FOCUS – Similarities with tough 90s growing in gold market – Metals Focus

London 27/11/2013 – Similarities with the 1990s are becoming more and more marked in the gold market, Metals Focus told FastMarkets. The metal’s failure to hold above $1,300 has “reinforced the negative investor sentiment surrounding gold [and] the similarities with …

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OPINION – The sooner the US tapers QE, the better for gold prices

Opinion pieces are the views of the author: they do not represent the views of FastMarkets London 28/11/2013 – Tapering – for gold, it’s the buzzword. It feels as if every single move in the gold price in recent months …

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GOFO REPORT – Gold backwardation widens, six-month rate also in premium

London 08/08/2013 – The backwardation in gold, which has been present for a month, widened to its widest level since first appearing, according to data published on the London Bullion Market Association (LBMA) website. Six month gold also dropped into …

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Indian gold premiums soar tenfold to $30-40 on import restrictions and shortages

London 31/07/2013 – Premiums on gold sold in India rocketed to $30-40 for 1kg bars over the London spot price, the chairman of the All India Gems and Jewellery Trade Federation told FastMarkets. The premium is at its highest in …

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Indian premiums rocket to $20 on import rules

Indian physical premiums shot to eye-watering levels this week as jewellers scrambled for material after the government announced further measures aimed at curbing imports, traders told FastMarkets. “Mumbai premiums rocketed to $20, and even at that price, there is no …

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ANALYSIS – Has the rise in Asian gold demand put a floor below the price?

London 13/06/2013 – Gold priced in dollars fell off a cliff in mid-April, falling more than eight standard deviations, breaking through its previous floor at $1,522-27 per ounce and bottoming out at $1,325. The metal was last around $1,390, still …

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Gold still eyeing $1,600/oz following rally but PGMs stall

Gold remained elevated on Wednesday morning despite drifting slightly lower in early European trading, retreating from the peaks of Tuesday’s sharp rally of just below $1,600. Spot gold was last at $1,590.65/1,591.50 per ounce, down $1.60 and just fractionally above …

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Gold prices stagnant despite physical buying interest

Precious metals continued to hold in well-worn ranges in European trading on Tuesday morning, with little change in prices once more. Gold has been under pressure from concerns that the US Federal Reserve would begin to tighten monetary policy while …

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Gold quiet ahead of US non-farm payrolls, disappointment could spark rally

Gold was effectively unchanged on Friday morning while market participants are firmly focused on the release of February’s US non-farm payroll numbers this afternoon. “Given the acute focus on the US, many participants have likely resorted to playing the range …

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Gold price inches lower but rangebound after BoJ holds fire on easing

Gold retreated fractionally during early European trading after the Bank of Japan (BoJ) announced no further steps to strengthen that country’s economy. But the metal remains confined to a very narrow ranges – just $10 since the start of the …

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