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11/04/11--11:57: COMEX Gold Futures Post 4th Weekly Gain in 5 (chan 1442840)

Gold futures fell modestly on Friday, with the COMEX December 2011 contract dipping $9.00, or 0.5%, to $1,756.10 per ounce.  The yellow metal traded in a relatively tight range between $1,750 and $1,760 for most of the day . Despite the sell-off, gold futures posted a weekly gain of 0.5% – its fourth such advance [...]


11/07/11--09:24: Gold, Silver Shares Climb, XAU Hits 6-Week High (chan 1442840)

Gold and silver shares were the top performing sector in U.S. equity markets in mid-day trading on Monday as precious metals surged higher. COMEX gold futures rallied $27.70, or 1.6%, to $1,783.80 per ounce, while silver added $0.53, or 1.6%, to $34.63 per ounce.  Strength in precious metals came despite a modest 0.2% move higher [...]


11/14/11--08:43: Gold Stocks (GDX) Slide, Sector “Too Cheap?” (chan 1442840)

GOLD STOCKS NEWS – Gold stocks opened lower Monday as the Market Vectors Gold Miners ETF (GDX) slid $0.68, or 1.1%, to $61.63 per share.  The sell-off in gold stocks and the GDX was driven by modest weakness in COMEX gold futures, which fell $8.50, or 0.5%, to $1,779.60 per ounce.  The U.S. dollar advanced [...]


11/17/11--07:58: World Gold Demand Reaches New All-Time High (chan 1442840)

Global gold demand climbed to a new all-time high in the third quarter of 2011, and by 6.0% over the prior year period, according to the World Gold Council (WGC). As of September 30, 2011, gold demand stood at 1,053.9 tonnes, valued at $57.7 billion. The figures come from the WGC’s Gold Demand Trends report for [...]


11/18/11--08:58: Gold Shares Steady, “A Far Better Bargain than Bullion” (chan 1442840)

Gold shares held steady Friday morning as the AMEX Gold Bugs Index (HUI) traded near unchanged at 561.16.  The stability in gold shares coincided with a fractional move higher in COMEX gold futures, which advanced $4.50, or 0.3%, to $1,724.70 per ounce.  The yellow metal held firm as the U.S. dollar dipped 0.3% against a [...]


11/23/11--07:37: “In the end my survival vehicle will be gold” (chan 1442840)

The global economy is moving into a “survival period” in which gold will provide one of the few areas of protection for investors, according to Richard Russell. The publisher of Dow Theory Letters – the world’s longest-running daily investment letter – and a long-time gold bull, Russell reiterated his bullish case for the yellow metal [...]


11/25/11--07:31: Gold Rebounds Alongside Euro, U.S. Markets Advance (chan 1442840)

Gold futures bounced back from earlier losses on Friday morning, with the COMEX December 2011 contract climbing from an overnight low of $1,675.40 to $1,697.30 per ounce. The rebound in gold futures coincided with a turn higher in the broader commodities complex and the euro as the U.S. dollar weakened against a basket of the [...]


11/29/11--11:30: Ron Paul Revisits the Gold Standard vs Paper Money (chan 1442840)

The topic of a U.S. return to the gold standard was once again at the forefront of an interview with Ron Paul this week. In a discussion with Fox News, the Texas congressman and 2012 Presidential candidate presented his latest views on the benefits of a gold standard, the damaging role of paper money in [...]


12/02/11--13:02: Gold Futures Snap Two-Week Losing Skid With 3.9% Rally (chan 1442840)

Gold futures rose modestly on Friday, with the COMEX February 2012 contract settling higher by $11.50, or 0.7%, at $1,751.30 per ounce. The yellow metal initially climbed to an intra-day high of $1,767.10 per ounce following release of the U.S. employment report, but pared its gains as trading progressed amid a rebound in the U.S. [...]


12/05/11--13:13: Soros Invests $40 Million in Chinese Gold Jeweler (chan 1442840)

George Soros, who famously called gold “the ultimate bubble” several years ago, evidently feels the yellow metal has yet to reach bubble territory. The legendary investor – famous for founding the Quantum Fund in the 1970s and for shorting the British pound in the early 1990s – invested $40 million in the $2.8 billion IPO [...]


12/09/11--11:53: Survey of Gold Traders Most Bullish Since Early November (chan 1442840)

A weekly survey of gold traders showed that market participants have turned noticeably more positive on the yellow metal of late. In Bloomberg’s latest weekly gold survey, 18 of 26 respondents said they expect gold prices to rise next week.  This marked the highest bullish response since November 11.  Two traders predicted the yellow metal [...]


12/14/11--13:11: Gold Futures Plummet to Lowest Close Since July (chan 1442840)

Gold futures plunged Wednesday, with the COMEX February 2012 contract settling down by $76.20, or 4.6%, at $1,586.90 per ounce.  The yellow metal reached an intra-day low of $1,565.70 per ounce before paring its losses as the U.S. Dollar Index backed off its intra-day high. This marked the lowest closing level for a most-actively traded [...]


12/15/11--11:52: Nouriel Roubini’s Much-Needed Lesson in Gold Fundamentals (chan 1442840)

Following gold’s sell-off earlier this week, NYU economics professor Nouriel Roubini wrote on his Twitter account “Gold at a 7 weeks low down to 1635. Where is 2000 gold dear gold bugs?” Roubini’s comment stems from a prediction he made on October 22, 2009 that the price of gold would not reach $2,000 per ounce. [...]


12/16/11--12:50: Gold Futures Cut Weekly Loss to 6.9% (chan 1442840)

Gold futures moved higher Friday as the yellow metal snapped a four-session losing streak.  COMEX gold for February 2012 delivery settled higher by $20.70, or 1.3%, at $1,597.90 per ounce despite stability in the euro/U.S. dollar currency cross.  The euro rose to 1.3083 against the greenback this morning, but subsequently retreated to 1.2996 before rebounding [...]


12/20/11--06:26: Gold Price Jumps, Risk-Return Setup Improving (chan 1442840)

GOLD PRICE NEWS – The gold price climbed $18.19, or 1.1%, to $1,610.87 per ounce Tuesday morning as the U.S. dollar declined against a basket of the world’s leading currencies. Silver advanced alongside the the price of gold, by $0.57, or 2.0%, to $29.36 per ounce, as the commodities complex was bolstered by the weaker [...]


12/27/11--12:40: Losing Skid Hits Four for Gold Futures, Silver Slides 1.2% (chan 1442840)

Gold futures settled lower for the fourth consecutive trading session on Tuesday amid widespread weakness in precious and industrial metals. COMEX gold for February 2012 delivery – the most actively-traded contract – finished with a loss of $10.50, or 0.7%, at $1,595.50 per ounce.  The yellow metal reached an intra-day low of $1,591.10 earlier this [...]


12/28/11--10:18: Gold Stocks Tumble, GDX Hits 16-Month Low – Time to Buy? (chan 1442840)

GOLD STOCKS NEWS – Gold stocks tumbled Wednesday as the Market Vectors Gold Miners ETF (GDX) fell as much as $1.84, or 3.5%, to $50.03 per share in early afternoon trading.  The sell-off in gold stocks and the GDX was driven by further weakness in precious metals and U.S. dollar strength.  Gold stocks in Canada [...]


12/29/11--06:16: Gold Price Falls to Lowest Level Since Early July (chan 1442840)

GOLD PRICE NEWS – The gold price dropped $18.86, or 1.2%, to $1534.74 per ounce Thursday morning as the U.S. dollar added to its recent gains against a basket of the world’s other leading currencies.  In overnight trading the spot price of gold tumbled to $1,521.80 per ounce – its lowest level since July 6th [...]


01/03/12--12:16: Gold Reclaims $1,600, Eyes Best Day Since Oct 25 (chan 1442840)

Gold futures surged higher on Tuesday amid U.S. dollar weakness and a broad-based rally on Wall Street.  COMEX gold futures, per the February contract, settled with a gain of $33.70, or 2.2%, at $1,600.50 per ounce. The February contract reached an intra-day high of $1,608.70 in late morning trading but pared its gains heading into [...]


01/10/12--12:12: COMEX Gold Futures Settle at Highest Since Dec 13th (chan 1442840)

Precious metals posted strong gains Tuesday on the back of weakness in the U.S. dollar and broad-based gains in the commodities complex. COMEX gold futures, per the February 2012 contract, finished higher by $23.40, or 1.5%, at $1,631.50 per ounce – its highest settlement since December 13, 2010 – exactly four weeks ago.  The yellow [...]