Gold Traders Most Bullish Since March as Paulson Cuts

“Gold traders are the most bullish in five months on signs that demand for coins and jewelry increased during a plunge in prices that prompted billionaire investor John Paulson to cut his holding for the first time since 2011. Thirteen analysts surveyed by Bloomberg expect prices to rise next week, four were bearish and five […]

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Gold Climbs to Highest This Month on Dollar, Technical Level

“Gold climbed to the highest level this month in New York after the dollar’s decline and bullion’s advance above $1,320 an ounce spurred more purchases. The metal advanced 4.2 percent since reaching a three-week low of $1,271.80 an ounce on Aug. 7. The Bloomberg U.S. Dollar Index, a measure against 10 major currencies, rose for […]

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Gold Advances Most in Two Weeks as Dollar Decline Spurs Demand

“Gold advanced the most in two weeks as the dollar dropped for the fifth straight session, increasing demand for the precious metal as an alternative investment. The Bloomberg Dollar Index, a gauge against 10 major trading partners, fell as much as 0.5 percent, heading for the longest slide since April. Exports rebounded in China, signaling improving economic […]

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Gold Rises, Snaps Longest Slump in 11 Weeks, on Dollar

“Gold futures rose, snapping the longest slump in 11 weeks, as the dollar’s decline increased demand for the metal as an alternative investment. The Bloomberg Dollar Index slid 0.3 percent, heading for the longest slide in seven weeks against a basket of 10 currencies. Gold has tumbled 23 percent this year, while the greenback gauge has climbed […]

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