Archive for April, 2014

Weekly Trends: April 26, 2014

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Gold continues to trade around the $1,300 level and closed at $1,302.80. The gold market moved higher on Friday as tensions between Russia and Ukraine escalated. As far as physical demand goes, premiums in India are rising due to tight supply ahead of the second biggest buying festival of the year, Akshaya Tritiya (May 2nd). In China, demand is a ...

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Weekly Trends: April 18, 2014

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A little bit of volatility in the gold price this week occurred as gold closed on Thursday at $1294.60, down from the previous close at $1,318.40 per ounce. April 15th was an interesting day as gold dropped $27 to close just under $1,300.  It appears three large sell orders caused the drop shortly after the New York market opened. On ...

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Weekly Trends: April 12, 2014

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It was another relatively quiet week for the gold, which closed at $1,318.40 per ounce from last week’s close at $1,303.50. It’s interesting to see gold close near a three-week high while the U.S. dollar index is near a three-week low. Gold traders always need to pay attention to the U.S. dollar, as historically, gold tends to trade inversely to ...

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Weekly Trends: April 5, 2014

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Gold finished the week at $1,303.50, up $9.70 from last week’s close at $1,293.80. It was a relatively quiet week as traders awaited the U.S. jobs data on Friday. Non-farm payrolls came in at 192,000 new jobs last month, which was below the expected 200,000. The unemployment rate was unchanged at 6.7%. The lower than expected data gave gold a ...

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