LONDON: Gold steadied on Wednesday, after rising for four days straight, as the intensifying euro zone debt crisis threatened to undermine the euro and offset any potential safe-haven demand for the metal.
The euro rose on Wednesday but has come (...)
LONDON: Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs.
European Union (...)
LONDON: Gold steadied on Wednesday, after having neared two-month lows the day before in its largest monthly slide since September, prompted by the dollar's rise against the euro to 11-month highs as the European debt crisis roars on.
Gold has (...)
LONDON: Gold rallied on Friday in line with a jump in the euro, but remained on track for a 1.5 percent decline this week as investors remained doubtful over the outcome of a key European Union summit aimed at resolving the two-year-old debt (...)
LONDON: The euro zone crisis has driven investment in gold-backed exchange-traded assets so high that newcomer Source now owns the world's sixth largest physically-backed gold product and sees no need to promote it actively outside Europe and the (...)
LONDON: Gold fell by more than 1 percent on Monday, following its best weekly performance in a month, after Japan's intervention in the currency market triggered a spike in the dollar, which was already benefiting from ongoing concern about the euro (...)
LONDON: Gold built on its earlier gains on Friday after Germany dispelled some of the doubt brewing among investors about the ability of European leaders to definitively tackle the debt crisis, which cut the dollar's advantage over the (...)
LONDON: Gold was set for its largest one-day fall in two weeks on Tuesday after US bank Goldman Sachs reported a quarterly loss, which coupled with evidence of slowing Chinese growth and mounting euro zone concerns, lifted the dollar.
For the (...)
LONDON: Colombia joined the ranks of official sector gold buyers in July for the first time in 13 years, along with Russia, mirroring the trend among emerging central banks to diversify their currency portfolios.
International Monetary Fund data (...)
LONDON: Gold rose on Wednesday, supported by investor concern over the violence across the Middle East and the resurgence of discomfort over the euro zone's finances ahead of a key summit this week.
Crude oil arrested a two-day slide as worries (...)
LONDON: The bullion price's leap to record highs has been fuelled by the fear factor stemming from uprisings in the Arab world, but once calm is restored, gold's battle with the world's central banks begins.
In the six weeks since tanks rolled (...)