LATEST NEWS: We Just Witnessed The Worst Week For Global Financial Markets In 3 Years

Is this the start of the next major financial crisis?  The nightmarish collapse of the price of oil is creating panic in financial markets all over the planet.  On June 16th, U.S. oil was trading at a price of $107.52.  Since then, it has fallen by almost 50 dollars in less than 6 months. continue […]

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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 […]

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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. […]

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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. […]

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LATEST NEWS: Fears that ‘dangerous’ Switzerland referendum could spark gold rush

The Swiss like referendums: there were 11 last year and there have been nine more this year, on subjects ranging from who pays for abortions to whether the state should buy a certain type of new fighter aircraft. This Sunday there are three more, but one has attracted more attention than most – because there […]

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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, […]

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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 […]

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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 […]

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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 […]

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LATEST NEWS : Gold turns higher after disappointing US economic data

Gold prices turned higher Wednesday, shrugging off early-morning losses, after a trio of weak U.S. economic reports boosted hopes of a prolonged period of low interest rates from the Federal Reserve. Spot gold was up slightly near $1,235 an ounce. continue reading at cnbc.com

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