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 Gains to Two-Week High on U.S. Jobs as China Resumes Buying

Gold rose to a two-week high in the longest rally since August in New York, as U.S. jobs data missed estimates and Chinese buyers returned from a holiday. Silver futures headed for the longest winning run in almost six months. continue reading at bloomberg.com

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U.S. Mint Gold-Coin Sales Jump 63% in January; Silver Triples

“Sales of gold coins by the U.S. Mint rose 63 percent in January to the highest since April as futures rebounded. The volume climbed to 91,500 ounces from 56,000 ounces in December, while sales of silver coins almost tripled to 4.78 million ounces, the highest in a year, mint data showed yesterday.”   Continue reading on bloomberg.com

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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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Abenomics Spurs Gold Sales in Japan as Inflation Hedge

Gold sales by Japan’s biggest bullion retailer surged 63 percent to a five-year high as prices slumped and investors sought refuge from Prime Minister ShinzoAbe’s campaign to stoke inflation and weaken the yen. Sales of bars to local investors by Tanaka Kikinzoku Kogyo K.K. soared to 37.3 metric tons in 2013, from 22.9 tons a year […]

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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 Futures Climb on Outlook for More Buying After Price Drop

Gold gained for a second day in New York, the best run in three weeks, on speculation physical purchases may increase after prices reached a five-month low on the outlook for reduced U.S. stimulus. Silver advanced. Gold touched $1,210.10 an ounce on Dec. 6, the lowest since July 5. Volumes for bullion of 99.99 percent […]

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