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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 [...]


01/13/12--12:06: Gold Posts Consecutive Weekly Gains, First Time Since Early November (chan 1442840)

Gold futures settled lower Friday amid broad-based liquidation on Wall Street after reports surfaced that Standard & Poor’s plans to downgrade several European nations’ credit ratings.  Risk aversion fueled safe-haven buying in the U.S. dollar, which pressured the yellow metal. COMEX gold for February delivery – the most actively-traded contract – closed with a loss [...]


01/17/12--06:39: Gold Price Surges on Speculation China Set to Ease (chan 1442840)

GOLD PRICE NEWS – The gold price surged Tuesday morning, rising $17.05 to $1,661 per ounce.  Gold prices climbed above the $1,650 level on speculation that Chinese policy makers were set to implement aggressive monetary accommodation following a weaker than expected gross domestic product figure.  GDP in China grew 8.9% in the fourth quarter, the [...]


01/18/12--12:58: Precious Metals Rebound, Gold Hits 5-Week High (chan 1442840)

Precious metals rebounded alongside the broader financial markets on Wednesday as the U.S. dollar remained lower in afternoon trading.  The greenback slid by 0.7% against a basket of foreign currencies, while the euro advanced 0.9% to 1.2855 against the dollar. COMEX gold futures, per the February contract, fell to an intra-day low of $1,641.10 per [...]


01/23/12--12:17: Gold Futures Hit 6-Week High, Silver Jumps 1.9% (chan 1442840)

Gold futures moved higher on Monday amid weakness in the U.S. dollar, with the COMEX February futures contract finishing up by $14.30, or 0.9%, at $1,678.30 per ounce.  In doing so, the yellow metal settled at a six-week closing high, last reached on December 9. Silver futures rallied as well, with the COMEX February 2012 [...]


01/26/12--06:13: Gold Price Climbs to 7-Week High Above $1,720 (chan 1442840)

GOLD PRICE NEWS – The gold price climbed $12.08, or 0.7%, to $1,723.63 per ounce Thursday morning as the yellow metal built on yesterday’s Fed-induced rally.  Silver added to its gains alongside the gold price, by $0.27, or 0.8%, to $33.61 per ounce.  Equity markets throughout Asia and Europe were largely higher, while U.S. markets [...]


01/27/12--13:10: Gold Posts Fourth Straight Weekly Gain, up 10.6% YTD (chan 1442840)

Gold futures continued to move higher on Friday, fueled by broad-based strength in precious metals and weakness in the U.S. dollar. COMEX gold for February delivery settled higher by $5.50, or 0.3%, at $1,732.20 per ounce.  With its advance, the yellow metal extended its weekly and year-to-date gains to 4.1% and 10.6%, respectively.  Furthermore, gold [...]