Gold futures tumbled below $1,200 an ounce as demand waned following the metal’s rally to a record last month.
Last week, gold dropped 3.9 percent, the most since mid- May. Imports by India, the world’s biggest consumer, may plunge as much as 36 percent this year, the Indian Bullion Market Association said. On June 21, the [...]
Posts Tagged ‘Gold & Precious Metals’
Gold Futures Tumble Below $1,200 as Demand Ebbs Following Rally
July 6th, 2010 by HardMoney Writer
Tags: consumers, debt crisis, European economy, eurozone economy, Financial Markets, fiscal crisis, global financial crisis, Gold & Precious Metals, Hard Money Loans, loan, wall street
more...Gold Advances in New York as Investors Seek to Protect Wealth
June 28th, 2010 by HardMoney Writer
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence.
Hedge-fund managers and other large speculators increased their net-long position in gold futures on the Comex in New York by 4 percent to 238,634 contracts in the week ended June 22, [...]
Tags: businesses, Commodities, consumers, Financial Markets, global economic, Gold & Precious Metals, investors, money, US Economy
Gold firms as Greece downgrade lifts risk aversion
June 15th, 2010 by HardMoney Writer
Gold firmed on Tuesday as a ratings downgrade of Greece sparked fears of a worsening fiscal crisis, lifting interest in the metal as a haven from instability in the wider markets.
Spot gold was bid at $1,224.10 an ounce at 1339 GMT, against $1,220.15 late in New York on Monday. U.S. gold futures for August delivery [...]
Tags: European economy, eurozone economy, Financial Markets, fiscal crisis, Gold & Precious Metals
Oil Prices to pop in more; biz to show Volatile: Petrobras CEO
October 28th, 2009 by HardMoney Writer
The oil market is expected to continue its upward trend, but trading will be volatile, CEO of Brazilian oil giant Petrobras, Jose Sergio Gabrielli de Azevedo, told CNBC.
“What we see right now is the price is the average that we thought it would be; I think we will continue to lead with continued volatility in [...]
Tags: Commodities, Energy, Futures, Gold & Precious Metals, Hedge Funds, oil, Private Equity
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