Tag Archives: gold

Gold could rally if market fears over Greece keep escalating


Gold prices haven’t budged much because of Grexit fears over the past few months, however the precious metal may still benefit from the ongoing crisis if it continues to escalate and eventually comes to a head, says Julian Jessop, economist at Capital Economics. “Initially sight the turmoil in Greece has not had much impact on the gold price, which might ...

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Investors add most gold to funds in 5 months amid Greek impasse


Investors bought probably the most gold through physically-backed funds in almost five months as Greece and it is creditors going to last-ditch talks. Bullion prices were little changed and palladium was near a two-year low. Gold exchange-traded product holdings rose 6.9 metric tons, the most since Feb. 2, to 1,598.7 tons, data published by Bloomberg as of Thursday show. Assets ...

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Alamos Gold completes AuRico takeover, but risk remains


Alamos Gold Inc. a week ago completed its purchase of AuRico Gold Inc., an offer that makes it a mid-tier gold producer. Alamos presently has much greater scale, which should help it withstand a rough gold price environment. An optimistic re-rating from investors can also be possible. However, the combined company faces numerous challenges, TD Securities analyst Steven Green said. ...

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Gold miners on ‘knife edge’ after slump wipes out US$19 billion


Gold\’s slump to some five-year low this month is squeezing the world\’s biggest producers of the precious metal, already struggling to rein in costs and pay down debt. A rout in bullion has sapped investor confidence in gold miners, sending the benchmark 30-member Philadelphia Stock Exchange Gold and Silver Index from the largest producers to the lowest since 2001. A ...

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Gold rout will deepen, prices will drop below US$1,000: Goldman Sachs


Goldman Sachs Group Inc.\’s Jeffrey Currie says the worst is yet to come for gold which prices could fall below US$1,000 an oz for the first time since 2009. \”With the more positive outlook on the dollar, and with debasement risk beginning to fade, the demand to use gold like a diversifying asset from the U.S. dollar diminishes and less ...

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Gold Bust! What you need to know before markets open


U.S. stock index futures are little changed today in front of a raft of earnings from technology giants, including Apple, and as the dollar continued to trade at a three-month high. The dollar index was down marginally at $97.88, its highest level since April on firming expectation of the U.S. interest rate hike later around.A fall in commodities capped gains ...

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Gold miners set to report Q2 earnings, but investors zero in on other issues


Investors usually care about basic things for example how much revenue and income companies earned when they report quarterly results. After all, these are essential foundations to valuing a stock. But in the case of Canada\’s gold industry, they have become largely irrelevant. The second-quarter earnings season for the gold miners begins Wednesday afternoon, and experts said there will be ...

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TSX pares July loss as gold rallies, Wall Street mixed on oil earnings


TORONTO – The Toronto Stock Exchange closed higher because the materials sector strengthened, even though there was a further decline in oil prices. The S&P/TSX composite index gained 85.66 suggests close at 14,468.44. In the U.S., the Dow Jones industrial average dropped 56.12 points to 17,689.86, while the Nasdaq edged back 0.50 points to 5,128.28 and the S&P 500 fell ...

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5 more reasons why investors shouldn’t worship gold right now


There’s no doubt lots of money was made when gold increased every year for more than a decade, but the past four years have been ugly, ugly, ugly. Gold is really as out of fashion as bell-bottom trousers: \’Nobody wants it\’ The problem for gold is not only that costs are dropping. For a lot of, the metal also offers ...

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