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Sep 19, 2014

Gold down, silver hits 4-year low on strong dollar, equities

NEW YORK/LONDON, Sept 19 (Reuters) – Gold fell on Friday to
its lowest price since January, and silver slumped to a
four-year low as the dollar soared to its highest against the
euro in four years on bets that U.S. interest rates will rise
sooner than expected.

The dollar rose against a basket of currencies, on track for
its 10th straight week of gains.

Sep 18, 2014

Gold bounces off 8-1/2-month low on post-Fed short covering

NEW YORK/LONDON, Sept 18 (Reuters) – Gold rebounded on
Thursday, as investors bought back their bearish bets after
speculation over an earlier-than-expected U.S. interest rate
hike by the Federal Reserve sent bullion prices to a 8-1/2-month
low.

Bullion prices were pressured earlier in the day after data
showed U.S. jobless claims fell more than expected, suggesting a
firming labor market, a trend seen as supportive of economic
growth.

Sep 17, 2014

Gold price inches up; Fed’s rate outlook in focus

NEW YORK/LONDON, Sept 17 (Reuters) – Gold inched up on
Wednesday on expectations that the Federal Reserve would vow to
maintain interest rates at low levels when the U.S. central bank
concludes its policy meeting later in the day.

Investor expectations for the U.S. Federal Reserve’s policy
statement due at 2 p.m. EDT (1800 GMT) were shifted by a report
in the Wall Street Journal on Tuesday that indicated the Fed
could be less hawkish than markets have been anticipating.

Sep 16, 2014

Gold rises before Fed as weak dollar, oil rally help

NEW YORK/LONDON, Sept 16 (Reuters) – Gold rose on Tuesday as
a weaker dollar and rallying crude oil prices prompted bullion
investors to cover bearish bets ahead of a closely watched
policy statement by the Federal Reserve.

Silver outperformed gold, as a technical indicator showed
Tuesday’s gains sent the white metal out of oversold conditions.

Sep 15, 2014

Gold rises on weak Chinese factory data; Fed in focus

NEW YORK/LONDON, Sept 15 (Reuters) – Gold rose on Monday
after weak Chinese factory data, but the precious metal hovered
just above an eight-month low as investors worried that the
Federal Reserve may start hinting at plans to raise U.S.
interest rates sooner than expected.

Gold prices fell early in the session, but bounced as the
S&P 500 equities index edged lower after data showed
China’s factory output grew in August at the weakest pace in
nearly six years.

Sep 15, 2014

Silver ETF holdings set record high as price drop sparks interest

NEW YORK, Sept 15 (Reuters) – Holdings at the world’s
largest silver-backed exchange-traded funds (ETFs) rose to a
record high as a pullback in prices prompted long-term retail
investors to increase purchases of the precious metal.

The tonnage of silver bullion held by the world’s six
largest silver ETFs increased by 104 tonnes, or
0.6 percent, to a record 17,135.04 tonnes on Friday, the latest
Reuters data shows.

Sep 12, 2014

Gold down 1 pct, hits 8-month low on weak physical demand

NEW YORK/LONDON, Sept 12 (Reuters) – Gold slumped to an
eight-month low on Friday, dropping 1 percent as a lack of
physical and investment demand and widespread commodities losses
weighed on bullion.

Gold’s losses also pressured silver and platinum group
metals, with platinum hitting a 2014 low earlier in the session.

Sep 11, 2014

ICE to offer smaller gold futures delivery in bid to boost volume

NEW YORK, Sept 11 (Reuters) – ICE Futures U.S. said on
Thursday it will reduce contract size and increase purity in its
Mini Gold futures and options, its latest attempt to boost
trading volume by appealing to retail investors.

U.S. commodity exchanges are competing to win business from
smaller retail investors. Trading volume in precious metals
futures broadly fell this year as economic optimism prompted
funds and institutional investors to favor equities rather than
safe havens such as gold.

Sep 11, 2014

Gold falls to 7-1/2 month low as safe-haven demand fades

NEW YORK/LONDON, Sept 11 (Reuters) – Gold slipped to its
lowest level in 7-1/2 months on Thursday, as the dollar hovered
around a 14-month high, in the wake of the easing of tension in
Ukraine, dragging other precious metals broadly lower.

Heavy profit-taking in platinum group metals weighed down on
prices, and silver fell for a second straight day to hit a
14-month low.

Sep 10, 2014

Gold near lowest in 7 months on Fed rate hike fears

NEW YORK/LONDON, Sept 10 (Reuters) – Gold fell 0.7 percent
on Wednesday, trading near its lowest in seven months at just
over $1,240 an ounce, pulled down by fears that encouraging
economic data could prompt the U.S. Federal Reserve to raise
interest rates sooner than expected.

Bullion’s losses weighed on platinum and palladium for a
second day, while keeping silver under the key $19 mark.