LATEST NEWS:Gold ETF Buyers Return as Investors Take Cover From Equities

As a rout in energy prices spreads to global equities, investors are returning to gold to take cover. Assets in the SPDR Gold Trust, the world’s largest exchange-traded product backed by the metal, rose yesterday at the fastest pace since July. The holdings are up almost 1 percent in December, snapping four straight months of […]

Continue reading

LATEST NEWS: Gold Bulls Return as Wagers on Stimulus Accumulate: Commodities

Speculators boosted bullish gold bets to a three-month high on signs central banks will act to counter low inflation, reviving the allure of bullion as a hedge. The net-long position in New Yorkfutures and options climbed for a third week, the longest expansion since July, government data show. Short holdings fell to a 14-week low. […]

Continue reading

LATEST NEWS:Gold Rises as Rally in Crude Oil Spurs Investor Demand for Metal

Gold climbed as higher energy prices damped concern that inflation will remain low and revived demand for the precious metal as a store of value. Crude futures in New York advanced for the second time in three days. The correlation between gold and oil rose close to 0.4 today, the strongest link since July 2013. […]

Continue reading

LATEST NEWS: Gold Trades Little Changed as Dollar Falls From Five-Year High

Gold traded steady as the dollar fell from a five-year high, boosting demand for the metal as an alternative investment. The dollar lost as much as 0.2 against a basket of 10 currencies after touching the highest since March 2009. Bullion slid earlier after a government report showed the U.S. economy expanded more than expected, […]

Continue reading

LATEST NEWS : Gold Wagers Gain as China Rate Reduction Stems Rout

Hedge funds added bullish gold wagers at the fastest pace since June as central bank action from China to Japan and Europehelped stem the rout in prices. The net-long position in New York futures and options expanded 56 percent, U.S. government data show. Short holdings fell to a two-month low and long wagers climbed for […]

Continue reading

LATEST NEWS : Gold Bulls Lured Back for First Time in Two Months: Commodities

Speculators added bullish gold bets for the first time in nine weeks as concern that global economic growth is slowing whipsawed equity markets. The gain in the net-long position in New York gold futures and options snapped the longest run of reductions since 2010. Prices rose for a second week as global equities retreated to […]

Continue reading

LATEST NEWS : Gold Falls as Portuguese Bank Seeks to Calm Debt Concerns

Gold declined for the first time in three days as concerns eased that banking woes in Portugal will spur a wider debt crisis in Europe, crimping demand for the precious metal as an alternative investment. continue reading at bloomberg.com

Continue reading

LATEST NEWS : Gold Shines Again as Hedge Funds Boost Wagers on Advance

Gold is precious again. After investors sent bullion tumbling in 2013 by the most in three decades and kept dumping the metal earlier this year, demand is now up and prices are defying bearish forecasts. Money managers increased net-long positions for a fourth straight week through July 1 and holdings in exchange-traded products are climbing […]

Continue reading

LATEST NEWS : Gold Set for Weekly Gain on Haven Demand Amid Iraq Tumult

Gold futures capped a second straight weekly gain as escalating violence in Iraq boosted demand for the precious metal as a haven. Silver posted the longest rally in almost four months. Crude oil jumped to the highest in more than eight months on concern that a civil war looms in Iraq, OPEC’s second-biggest producer. Gold gained 6 […]

Continue reading

Hedge Funds Most Bullish on Gold Rally in 14 Months: Commodities

Hedge funds raised bullish gold wagers to the highest in more than 14 months amid mounting concern that the U.S. economic recovery is weakening. The net-long position climbed 25 percent to 113,911 futures and options in the week ended Feb. 25, the highest since December 2012, U.S. Commodity Futures Trading Commission data show. Net-bullish holdings across 18 U.S.-traded […]

Continue reading