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Gold Price tumbles as Equity Markets rise17 May 2013
The price of gold has taken another tumble as equity markets steam ahead to new highs. Gold is trading at $1372, down 1.5% this morning, after US equities reached all-time highs last night. Historically, when traders have been worried about the global economy or the strength of the stock marke...
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Copper prices increase after recent sell-off3 May 2013
The price of copper is up 1% today, as traders buy back into the red metal after the recent sell-off seen in the last few trading sessions.
Copper dropped to a one-week low yesterday as dealers anticipated weak global demand, while today investors who felt the sell-off was overdone bought back the ...
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Copper rises as dealers buy stock29 Apr 2013
The price of copper is up 3% as dealers buy back into the red metal, feeling it has been oversold.
Despite being up 3% on the day, copper is still down 10% since the beginning of March as traders are picking up the commodity for a relatively cheap price. Investors are concerned about global growth ...
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Copper prices suffer in global slow down19 Apr 2013
The price of copper is down 0.9% as traders fear the global economy is slowing down, and that as a result there will be less demand for the red metal.
The commodities market has generally had a bad run this week, but copper appeared to be the worst hit. At the start of the trading week, China revea...
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Nymex Rises thanks to Weaker Dollar12 Apr 2013
The weaker dollar has helped to contribute to the probably short-lived bounce in oil prices, culminating in a 3% rise in the Nymex light crude contract since last Friday afternoon.
The poor growth outlook for Europe’s economy, and the uncertainty that prevails following the Cypriot bailout, has spu...
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Gold Prices down after sell-off by gold funds4 Apr 2013
Gold is down 0.75% at $1546 after US:GLD, the world’s largest gold fund, sold off a portion of its holding.
In recent years gold funds have become a popular way for investors to gain exposure to the price of gold without owning the underlying metal. A gold fund uses investors’ cash to purchase the ...
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Commodities update - 1st April 20132 Apr 2013
Gold is hovering near $1,600. Key uptrend support moves up toward $1,590 with next support on a breakdown near $1,560. RSI suggests upward mo stalling. Next resistance on a bounce remains near $1,620 then $1,635.
Silver is breaking down today taking out $28.25 to signal the start of a new downleg ...
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US Crude Prices up on day28 Mar 2013
US crude prices moved slightly upwards on a day when equity markets were enjoying yet another strong performance.
Like most risk classes, oil waited to see what would happen when Cypriot banks reopened. As it turned out, nothing of note occurred, with no rush by Cypriots to take their money out. Th...
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Gold price increases as traders take money out of equities21 Mar 2013
The price of the precious metal is up 0.5% as traders take their money out of the equity markets and go long on gold.
The metal is now trading at $1614, up $8 on the day, as concerns about the situation in Cyprus have led traders to close out their stock portfolios and invest in gold. A numbe...
