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Silver has repeatedly tested support at $31.50 per ounce, and the supply situation at the physical silver markets remains tense owing to high industrial demand. However, silver reserves at the New...
Gold and silver prices were flat over the course of yesterday – apart from a dramatic dip and recovery mid morning EDT; the bears managing to knock the gold price down to $1,635 briefly, before...
There is little evidence of clear short-term price trends in gold, silver, platinum or palladium at the moment, with the metals all hostage to violent day-to-day gyrations in hedge fund sentiment....
Despite poor economic data out of China and Europe recently, global palladium demand shows no sign of declining. On the contrary, demand from end users in the automobile industry continues at record...
Gold and silver got whacked again on Friday, prompted this time by news that economic growth in China came in at a disappointing 8.1%. This was down from 8.9% in the previous quarter, and the slowest...
We got a classic example of how “jawboning” by Federal Reserve officials can move markets on Thursday, with New York Fed President William Dudley and Bernanke’s deputy, Janet Yellen,...
Europe is firmly back in the news again, with the European Central Bank hinting that it may resort to further easing measures in order to relieve the pressure on Spain. Benoit Coeure, executive...
The State Bank of Vietnam is instituting a de facto nationalisation of Vietnam’s gold market, in an effort to restore confidence in the country’s currency – the dong. Vietnam is...
The gold price staged a decent rally late yesterday, heading from an intraday low around $1,630 at 11EDT to over $1,660 over the next hour and a half. There was no obvious news catalyst for this...
Comex gold futures closed higher yesterday, with the June contract up 0.9% to settle at $1,643.90 per troy ounce – buoyed by news that Indian gold imports are to resume following a 20-day strike...
The gold price rallied on Friday, following news of disappointing jobs gains in America during March. Economists had forecast a gain of 205,000 nonfarm payroll jobs, but the actual figure was...
Easter Friday and western markets are taking a breather for the day. Yesterday’s price action in gold and silver was mildly encouraging from a bull’s standpoint, with the gold price...
The Indian government’s recent decision to significantly raise taxes on gold imports is being subject to increasing criticism from members of parliament, investors and dealers, with some...
Another day, another gold price slump – though bullion bulls were joined on the window ledge by equity investors, with stock markets all over the world falling sharply. The Dollar Index...
Gold production in Mali is being called into question following a military coup two weeks ago. African media are reporting that many foreigners are fleeing the country.In recent years Mali has become...
The minutes from the Federal Reserve’s March 13 meeting were released yesterday. Though they again emphasised the Fed’s intention to keep rates “at exceptionally low levels through...
Encouraging new US manufacturing data helped industrial commodities move higher yesterday, and pushed the Dow Jones and S&P 500 to their highest closes since May 2008. The silver price was...