Gold now above $130012 Aug 2013
The last five trading days have seen the bulls pull the precious metal back above the $1300 level, but will it last?
The correlation between negative outlooks for economic regions and the gold price has become increasingly fragmented, and arguably ahead of tomorrow’s quarterly EU GDP figures that i...
Gold price decline reflects Fears of Fed Tapering7 Aug 2013
The price of gold is off by 1.2%, as fears of tapering from the Fed have given the US dollar strength. Gold is in the red for fifth trading session in a row, pushed down as the US dollar has risen due to speculation that the Federal Reserve will trim its stimulus package. Last night, Richard F...
Crude prices to rise5 Aug 2013
It looks as though the crude price is just pausing before making a fresh charge upwards.
The bigger picture in global oil supplies has become a little clearer in the last month. The initial fears over political stability in Egypt and ongoing access to the Suez Canal have now calmed down, even thoug...
Gold Mining companies continue asset write-downs1 Aug 2013
Another one of the gold-mining majors has announced a writedown.
African Barrick Gold has become the latest in a long line of gold mining companies to write down its assets, this time to the tune of $8.7 billion. So far, this is the biggest and most aggressive writedown that we have seen, and it br...
Gold breaks $1300 again27 Jul 2013
After breaking back above the $1300 level, the yellow metal has struggled to go on from here.
The question over physical supply is being asked more and more frequently about gold, and the news from Newmont Mining this morning only adds to this conundrum.
The second largest gold mining company has t...
Gold Prices fail to break through $130019 Jul 2013
Even though the precious metal has done well over the last three weeks, it has yet to break out of its downward trend.
Gold continues to threaten a break out of the negative decent it has found itself in over the last twenty months, ever since it hit its all-time high of $1912 back in August 2011. ...
Copper prices decline on the back of poor numbers from China21 Jun 2013
The price of copper is down over 2% today after China revealed worse-than-expected manufacturing numbers.
The HSBC manufacturing purchasing managers index (PMI) came in at 48.7 in June, whereas analysts were expecting a reading of 49.4. Any reading below 50.0 tells us that the sector contracted. Th...
Copper down as Traders Sell24 May 2013
Copper is down 2% as traders press the sell button, after the HSBC Chinese PMI came in below expectations at 49.6, with analysts expecting a positive reading of 50.5.
Not only did the report come in below estimates, as the reading was below 50.0 it was the first contraction in Chinese manufacturing...
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...