Gold Futures Advance to Three-Week High on Stimulus Speculation

Gold futures rose to a three-week high on speculation that the Federal Reserve will maintain the pace of monetary stimulus to boost economic growth. Fed policy makers will delay reducing $85 billion in monthly bond purchases until March, according to the median estimate of 40 economists in a Bloomberg survey last week. The partial U.S. government 16-day […]

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Gold Advances Most in a Week on U.S. Government Shutdown Concern

Gold advanced the most in a week as U.S. lawmakers struggled to reach an accord on raising the nation’s debt limit, increasing demand for the precious metal as a haven. With the U.S.’s borrowing authority set to lapse Oct. 17, Senate Majority Leader Harry Reid said yesterday that he had a “productive conversation” with Minority Leader Mitch McConnell, […]

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Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

“OAO Moscow Exchange will introduce trading of gold and silver as early as this month as part of plans to make metals more accessible to smaller banks by reducing transaction costs. The exchange will quote gold and silver in Russian rubles per gram, with minimum trades starting at 10 grams of gold and 100 grams […]

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Gold Bulls Raise Wagers Most in Month on Stimulus: Commodities

“Hedge funds’ combined holdings in gold futures rose the most this month as continued U.S. monetary stimulus spurred investors to sell short contracts and sent prices toward the first quarterly advance in a year. The net-long position in bullion jumped 12 percent to 78,654 futures and options in the week ended Sept. 24, the most […]

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U.S. Silver-Coin Sales Top 2012 as Investors Buy at Record Pace

“Sales of American Eagle silver coins by the U.S. Mint this year surpassed the total for all of 2012 as investors snap up precious metals at a record pace and spark a rebound in prices. About 33.75 million ounces of the silver coins were sold so far in 2013, compared with 33.74 million in 12 […]

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Gold Nears Bull-Market Territory as Syrian Tensions Spur Demand

“Gold climbed to a three-month high in New York, approaching a bull market, as speculation about an attack against Syria within days spurred demand for precious metals as a haven. Silver rose to four-month high. Any armed response would be focused on Syria’s weapons capabilities and wouldn’t be aimed at deposing President Bashar al-Assad, U.S. […]

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Gold Nears 2-Month High as Traders Weigh Stimulus Against Demand

“Gold was little changed near a two-month high in New York as investors weighed expectations the U.S. Federal Reserve will reduce stimulus against more physical demand. Platinum reached a four-month high. Bullion futures rose to a two-month high of $1,384.10 an ounce on Aug. 19 and are up 0.1 percent this week. Minutes released Aug. […]

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Gold’s Rout Spurs Surge in Indonesian Demand: Southeast Asia

“Gold jewelry demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia’s biggest buyer join India to China in increasing purchases as prices slump and the middle class expands. Consumption of necklaces, bracelets and rings will probably climb to 40 metric tons this year, according to Iskandar Husin, secretary-general […]

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Gold Borrowing Costs Remain Near 4 1/2-Year High on Tight Supply

“The cost of borrowing gold held near a 4 1/2-year high in London as U.S. futures moved into backwardation this month, a signal that near-term supplies are tightening at a time when prices gained on more physical demand. The one-month gold forward offered rate, which shows the interest rate at which dealers will lend metal […]

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Gold Seen Rallying by End of Year as Physical Demand Gains

“Gold may extend a rally through to the end of December, paring the first full-year loss since 2000, as rising physical demand across Asia helps to counter a selloff in exchange-traded products led by billionaire John Paulson. Prices may reach $1,450 an ounce by the end of the year, according to a median of estimates […]

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