Monday 22 December 2014
 
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bullion

Gold could hit $800 warns hedge fund

Gold prices could tumble towards $800 to $900 an ounce, not seen since the 2008/2009 financial crisis, metals merchant and hedge fund Red Kite warned even as the precious metal extended losses to a second session on Tuesday. The m

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Gold firms plan cuts to stay afloat as bullion sinks

Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it. Gold tumbled to a mo

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Gold falls to nine-month low

Gold prices fell to a nine-month low on Thursday as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened. Platinum fell to its lowest since June last year, sliding below $1,300 an ounce,

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Gold falls to 7-month low as dollar weighs

Gold fell to its lowest level in 7-1/2 months on Thursday on a strong dollar and as tensions in Ukraine appeared to ease, failing to benefit from weaker shares after an unexpected rise in US jobless claims. Spot gold slipped 0.7 p

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Gold below $1,300 on stronger dollar

Gold steadied after two days of losses on Wednesday but held below $1,300 an ounce, near a four-week low, on a stronger dollar and fears that the Federal Reserve could hike US interest rates sooner than expected. Fed Chair Janet Y

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Gold slips 2pc after US data

Gold slipped 2 percent to a 3-1/2 month low on Tuesday, extending losses after strong US data lifted optimism about the economy, while platinum fell after South Africa's mining minister pledged to mediate in a long-running strike.

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Gold falls one percent after Fed move

Gold fell around one percent in thin trade on Thursday, a day after the US Federal Reserve announced a further cut in its stimulus programme and reiterated its confidence in the US economic outlook despite weak first-quarter growth.

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Gold breaks below $1,300

Gold hit a six-week low on Thursday, breaking below $1,300 an ounce for the first time since mid-February, as speculation that US rates would rise sooner than expected and easing tensions over Ukraine pushed prices down. Selling a

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Gold rebounds from near 6-week low

Gold bounced on Wednesday from its weakest level since mid-February but signs of a recovery in the US economy and an absence of support from the physical sector could limit gains and keep prices in a tight range. In a sign of tepi

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Gold hits 5-week low on firmer dollar

Gold fell to its lowest in more than five weeks on Tuesday, as the dollar edged higher on after a top Federal Reserve official reinforced the likelihood of higher US interest rates in the first half of 2015. In an interview with C

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