Gold Advances in New York as Ukraine Unrest Spurs Haven Demand

Gold climbed in New York, after reaching a 17-week high yesterday, on speculation that investor demand for haven assets will increase amid unrest in Ukraine. Gold is heading for a second month of gains, the longest such run since August, as concern that the U.S. recovery may be faltering and unrest in emerging markets boosted demand for a store […]

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Hedge Funds Raise Gold Bull Bets as Paulson Holds: Commodities

Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter. The net-long position climbed 17 percent to 69,291 futures and options in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show. Long wagers rose […]

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Gold Rises to 3-Month High on Haven Demand as Silver Extends Run

Gold advanced to the highest level in more than three months as speculation the U.S. economic recovery will slow spurred demand for a haven. Silver headed for the longest run of gains since at least 1968. Bullion climbed 4.1 percent last week, the most since the period ended Aug. 16. U.S. factory production unexpectedly declined […]

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Gold Advances to Highest Since November on Dollar as China Buys

Gold futures rose to the highest price since November as physical purchases from China and a weakening dollar spurred demand. Silver extended its longest winning streak in almost six months. Gold is rebounding from its biggest annual drop since 1981 as global equities and emerging markets weakened and lower prices spurred physical buying. Chinese consumers returned from the week-long […]

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Gold Bulls Boost Bets Amid Longest Rally Since 2012: Commodities

“Hedge funds got more bullish on gold for a fourth straight week before prices capped the longest rally in 16 months on mounting global growth concerns. The net-long position in gold climbed 0.2 percent to 43,353 futures and options in the week ended Jan. 21, U.S. Commodity Futures Trading Commission data show. Long wagers declined 0.2 percent, […]

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Gold Declines From Two-Month High as Investors Weigh Stimulus

“Gold retreated from the highest level in two months as some investors deemed the rally as excessive on speculation that the U.S. Federal Reserve will further reduce monetary stimulus at a policy meeting this week. Bullion for immediate delivery fell 0.2 percent to $1,268.14 an ounce at 4:15 p.m. in Singapore, after rising as much as […]

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Gold Mint Runs Overtime in Race to Meet World Coin Demand

“Austria’s mint is running 24 hours a day as global mints from the U.S. toAustralia report climbing demand for gold coins even while Goldman Sachs Group Inc. says this year’s price rebound will end. Austria’s Muenze Oesterreich AG mint hired extra employees and added a third eight-hour shift to the day in a bid to keep up […]

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Century-Old London Gold Benchmark Fix Said to Face Overhaul

Banks are considering an overhaul ofLondon’s century-old gold benchmark used by miners, jewelers and central banks to buy, sell and value the precious metal, according to a person with knowledge of the process. The five banks that oversee the so-called London gold fixing — Barclays Plc (BARC), Deutsche Bank AG (DBK), Bank of Nova Scotia, HSBC Holdings Plc […]

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Gold Vault Opens in China as Bullion Goes From West to East

A gold vault that can store 2,000 metric tons, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd. seeks to benefit from rising demand in Asia’s largest economy. The facility is the biggest for the Hong Kong-based company, and it can also store diamonds, jewelry and art, Joshua Rotbart, […]

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Gold Bulls Persist on Dollar Drop as Stimulus Kept: Commodities

Gold analysts are bullish for a second week on speculation that prolonged U.S. stimulus and a weakening dollar will boost demand for the metal as a haven. Seventeen analysts surveyed by Bloomberg News expect prices to advance next week, nine are bearish and six neutral. The Bloomberg U.S. Dollar Index, a measure against 10 currencies, slid to […]

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