Gold Fell Back Towards 5 year Lows As Investors pull Away

by Forex Rooton July 22, 2015 11:29 am BST
Spot gold was down 0.5 percent at $1,095.69 an ounce at 0940 GMT, while U.S. gold futures for August delivery were down $8.70 an ounce at $1,094.80. On Monday, gold slid to its lowest since March 2009 at $1,088.05 an ounce. Gold slides towards five-year low as investors pull back from the precious metal, with […]

Gold to $1,000?

by Forex Rooton October 31, 2014 9:05 am BST
Gold and silver slumped to the lowest level since 2010 as the dollar strengthened after the Bank of Japan unexpectedly boosted unprecedented stimulus and the Federal Reserve ended asset purchases. Bullion for immediate delivery lost as much as 2.6 percent to $1,167.49 an ounce, the lowest since July 2010, and traded at $1,177.26 at 4:13 […]

Gold Advances Before US Fed’s Data Today

by Forex Rooton October 29, 2014 9:42 am BST
Rising interest rates reduce gold’s allure because the metal generally offers investors returns only through price gains. The Fed said in September it planned to end asset purchases this month if the economy keeps improving. Volumes for the Shanghai Gold Exchange’s benchmark bullion spot contract rose to a three-week high today, and the U.S. Mint […]

Gold Continues to Advance Amid Oil’ Economy Slowdown

by Forex Rooton October 14, 2014 12:56 pm BST
Gold has risen this month and the dollar and global equities weakened as Federal Reserve officials indicated a worldwide economic slowdown may delay U.S. interest-rate increases. Crude traded in New York fell for the fifth time in six days. Some investors judge that lower oil prices can curb inflation, reducing the appeal of gold as […]