Gold and silver futures rose the most since March 2009 as commodities and equities rallied amid optimism that European leaders will take steps to resolve the region’s debt crisis. Every component rose in the Standard & Poor’s GSCI index of 24 raw materials, while the MSCI All-Country World Index jumped as much as 3.6 percent. [...]
Gold prices rose more than 4 percent Tuesday, breaking a three-day losing streak, on a decline in the dollar and optimism German lawmakers this week will approve an expansion of Europe’s bailout fund. Since Wednesday gold has fallen more than 10 percent, the longest such plunge since 1983, as investors sold the yellow metal and [...]
(MarketWatch) — Gold and crude-oil futures held to gains Tuesday after a gauge of consumer sentiment came in slightly lower than expected but much better compared to the prior month. Crude for November delivery added $3.08, or 3.9%, to $83.34 a barrel on the New York Mercantile Exchange. Oil had jumped to $83.50 a barrel right [...]
Spot gold rallied more than 1% and US gold futures as much as 4% on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback. Eurozone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, boosting hopes the [...]
(Reuters) – Spot gold rallied 1 percent on Tuesday, snapping four consecutive sessions of losses as a weaker dollar helped battered commodities stage a comeback. Euro-zone officials are working to magnify the firepower of the region’s rescue fund, European Central Bank policymakers said on Monday, boosting hopes the region will be able to staunch a sovereign [...]
Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts. 1. Physical demand for gold has not been this strong since January. Edel Tully of UBS said in a note to clients that “India stepped up to the plate as gold priced in rupees dropped [...]
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