Tag Archives: gold market
Gold and silver ETFs snapped on Tuesday, posting its first positive close of the week and leaving enough space for more bargain basement shopping.
The SPDR Gold Trust (GLD) rose 1.9% and the iShares Silver Trust (SLV) jumped 4.7%. Yet, after four straight losing days post Tuesday, GLD shares are still a price from August levels. Meanwhile, SLV inventory of actual progress from mid-February. In futures markets, gold today regained the psychologically important level of $ 1,600. Gold for December delivery rose 3.6% to $ 1,652.50 an ounce on the Comex attention. December silver gained 5.2% to reach $ 31.54 an ounce. (more…)
In the dash for cash, gold ETF investors hanging down
Amidst the second largest gold sell-off since 1983, was the casual observer might think that investors were dumping bullion in droves. Initial data suggests otherwise. he loss of confidence that caused gold prices to fall 10 percent in four days to Monday is not nervous investors in the leading gold Exchange Traded Fund, or caused futures traders to close out positions en masse, figures show. (more…)
Gold falls below $ 1.800 Amid speculation Fed May Boost Economy
Gold traded below $ 1,800 an ounce as some investors sold the metal in the final profit amid speculation the Federal Reserve may announce steps today to the coast of the U.S. economy, the decline in demand for a port. Immediate delivery of gold shed as much as 0.3 percent to $ 1,798.55 an ounce, and last traded at $ 1,801.15 at 10:08 Singapore time. The metal rose 1.4 percent yesterday, the biggest gain in eight days, the care of Europe’s debt crisis is worse. It reached a record $ 1,921.15 an ounce on Sept. 6.
“In addition to the debt crisis in Europe, one of the biggest boosters of the gold market is the U.S. policy,” Yang Shandan, senior dealer at Cinda Futures Co., said from Zhejiang, China. “The main concern in the U.S., unemployment, and they first need to fix that before worrying about the weakness of the dollar. We see some profit taking today for the Fed announcement.” (more…)
PRECIOUS-Gold hovers around $ 1,800 ahead of Fed meeting
Gold prices hovered around $ 1,800 per ounce on Wednesday as concerns about a deterioration in the euro Zone debt crisis supported the safe-harbor sentiment, while the Investors awaited the conclusion of a U.S. Federal Reserve policy meeting for trading cues.
The Fed, which has made it clear that the intention of taking further steps to eliminate the growth, is expected to decide the balance longer-term Treasury notes to boost a faltering economy. (more…)
Many Hurdles Miners’ Keep A Lid on gold and silver stocks
Investors in gold and silver mining stocks in 2011 have been wondering why they perform well, despite record gold prices and margins. There are a number of factors have contributed to reduce stock prices this year. Building a mine is a time consuming and expensive process that takes years. It has to do with drilling results, estimates 43-101, pre-feasibility studies, feasibility studies and obtaining authorization processes, environmental surveys and community discussions on issues such as waste water, power to acquire, and use of hazardous chemicals. All this will take years before the first equipment is ordered and construction begins.
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