Search Results for: Gold
Gold Below $1320 as Speculation Shifts to U.S. Rates
July 8th, 2014
Gold fell on Monday as the dollar firmed on speculation over an earlier-than-expected hike in U.S. interest rates following strong job data, which dented investment demand for the metal. Gold has been under pressure since data on Thursday showed ...
Technical Analysis Gold – Indecision Resurfaces Under $1320
July 8th, 2014
Technical Analysis Gold for Tuesday, July 8, 2014 After pushing higher to a three month high above $1330 last week, gold has now just eased a little lower back to below $1320 and is showing more signs of indecision again ...
Gold Extends Drop From 3-Month High as Dollar Strengthens
July 7th, 2014
Gold extended a decline from a three-month high as the outlook for higher borrowing costs in the U.S. strengthened the dollar. Silver also dropped. Gold ended a 12-year rally last year on expectations the Federal Reserve would reduce stimulus ...
Goldman Sachs Brings Forward Rate Forecast as Treasuries Drop
July 7th, 2014
Goldman Sachs Group Inc. brought forward its forecast for the Federal Reserve to raise interest rates after U.S. employers added more jobs than forecast, sending five-year Treasuries lower for a fourth day. The Fed will increase its benchmark in ...
Goldman Sachs fined over dark pool pricing
July 2nd, 2014
Goldman Sachs has been fined $800,000 (£466,000) by a US regulator for “failing” to ensure that trades in its dark pool took place at the best price. The regulator said more than 395,000 trades were executed in the bank’s ...
Twitter hires former Goldman Sachs banker as CFO
July 2nd, 2014
The Goldman Sachs banker who took social media platform Twitter public has been hired to be in charge of its finances. Anthony Noto, the former US bank’s co-head of telecoms, media and technology, has been recruited as part of Twitter’s ...
Symmetry between prices of gold and crude oil coming apart
June 27th, 2014
A five-year symmetry between international prices of gold and crude oil is coming apart with investors drifting away from the yellow metal as their risk aversion diminishes. Historically, both these commodities had positive correlation, with their prices moving in ...
China Finds $15B of Loans Backed by Falsified Gold Trades
June 26th, 2014
China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing deals. Twenty-five bullion processors made a combined profit of more than 900 million yuan ...
SEC Says Investor Accused of Fake Gold Bid Fled to China
June 12th, 2014
The U.S. Securities and Exchange Commission said the man behind a fake $750 million bid for Allied Nevada Gold Corp. (ANV) profited from selling an undisclosed stake in the mining company and has fled the country. Luis Chang and ...
Gold, silver rise on global cues
June 6th, 2014
Gold prices rose by Rs 70 to Rs 27,250 per ten gram in the national capital today on increased buying by stockists, taking positive cues from the global markets. Silver prices also spurted by Rs 500 to Rs 41,000 ...
