Tag Archives: gold

Copper prices rise on strong China trade data

Copper prices rose on Wednesday after being boosted by positive trade data out of China today. China posted a trade surplus of $18.6 billion in April, boosted by a rise in both exports and imports, giving signs that economic growth may be picking up in the second largest global economy. China is the world’s largest copper consumer, accounting for almost 40 percent of world consumption...

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May 8, 2013 @ 10:00 am

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Gold climbs higher after ECB cuts rates

Gold made over $20 in gains after being boosted on Thursday on news that the European Central Bank continues with stimulus measures and cut the main interest rate to 0.50 percent from 0.25 percent. Gold for June delivery has recovered quite a bit of recent losses and climbed to a high of $1,478 by early European session trading on Friday, up over $21, or 1.5 percent. It had posted a decline of...

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May 3, 2013 @ 7:58 am

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Gold declines 5 percent to lowest in 2 years

Gold prices tumbled to the lowest in two years on Monday, falling 10 percent since Friday and down 5 percent just today. Accelerating the decline was weak growth data from China early this morning. Gold has appeared to no longer be seen as a safe haven asset in the eyes of investors recently. Meanwhile, the sell off in gold was also worsened by news last week that Cyprus is considering...

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April 15, 2013 @ 12:00 pm

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Gold rebounds to 2-week high

Gold rose by over $15 on Tuesday to briefly hit the key $1,600 level as investors bought the precious metal for safety. This comes on the back of comments by European Central Bank Governing Council member and Bundesbank chief Jens Weidmann, who said that the euro zone crisis “is not over”. With central banks across the world lowering interest rates and loosening monetary policy, investors...

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March 12, 2013 @ 8:28 pm

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