Gold Market Report Headlines

PRECIOUS-Gold holds around $1,250/oz after record quarterly drop

* SPDR holdings at lowest since February 2009 (Updates prices, adds comment)

10:15am EDT

PRECIOUS-Gold extends gains into 3rd session, China demand aids

* Gold continues rebound from 3-year low of $1,180.71 * Short covering after biggest ever quarterly drop also helps * Gold bar premiums in Hong Kong steady * SPDR holdings at lowest since early 2009 (Updates prices) By A. Ananthalakshmi SINGAPORE, July 2 - Gold inched up on Tuesday, stretching its gains into a third straight session as buyers in China continued to snap up deals after bullion's plunge to a three-year low last week. Prices were also helped by sh

2:31am EDT

Mon, Jul 1 2013

PRECIOUS-Gold eases on U.S. data, ETF outflows

SINGAPORE, July 2 - Gold was a fraction lower on Tuesday after mixed U.S. economic data added to uncertainty over whether the Federal Reserve will begin to scale back its stimulus measures this year. The precious metal had risen in the previous session on short covering following recent losses, but investors continue to shun gold's safe-haven appeal with outflows from gold backed exchange-traded funds (ETFs) hitting a new four-year low. FUNDAMENTALS * Spot gold sl

01 Jul 2013

PRECIOUS-Gold starts Q3 with short covering rally

* U.S. data points to continued economic growth * Prices boosted as U.S. dollar index eases * Investors focus on ECB meeting, U.S. payrolls this week * Investment demand still seen as weak (Updates prices, adds comment, analysis) By Barani Krishnan and Clara Denina NEW YORK/LONDON, July 1 - Gold started the third quarter on a strong footing to jump over 2 percent on Monday as technical buying and speculative short covering offset concerns that the U.S. Federal Re

01 Jul 2013

PRECIOUS-Gold climbs as equities ease after weak China data

* Spot gold gains as much as 1.2 pct, Comex gold up 2 pct * Stocks ease; China official PMI slips * Barclays cuts price forecast, citing weak demand (Adds comments on physical demand, updates prices) By A. Ananthalakshmi SINGAPORE, July 1 - Gold gained 1 percent on Monday after posting its biggest quarterly fall ever, as bearish economic data from China hurt Asian stocks and boosted bullion's safe-haven appeal. Comments from a U.S. Federal Reserve official on the

01 Jul 2013

Sun, Jun 30 2013

PRECIOUS-Gold inches up after volatile week; data eyed

SINGAPORE, July 1 - Gold edged slightly higher on Monday after posting its biggest quarterly loss on record, as investors await key economic data this week for clues on when the Federal Reserve could taper its economic stimulus. FUNDAMENTALS * Spot gold rose 0.2 percent to $1,236.39 an ounce by 0018 GMT after a 3 percent gain on Friday, while Comex gold rose about $13 to $1,236.40. * Gold fell nearly 25 percent for the April-June period, its worst quarterly perf

30 Jun 2013

Fri, Jun 28 2013

PRECIOUS-Gold posts worst quarter on record despite rally Fri.

* Short-covering, book-squaring seen at quarter's end * Bullion posts 23 pct drop in second quarter * U.S. Mint American Eagle sales only a fifth of April sales * Investors scramble to buy puts to protect downside * Coming up: U.S. Markit, ISM manufacturing indexes Monday By Frank Tang and Clara Denina NEW YORK/LONDON, June 28 - Gold surged more than 2 percent on Friday on end-of-quarter short-covering, but bullion still posted its largest quarterly loss in a

Financials, Mutual Fund Center, Markets, ETFs News 28 Jun 2013

PRECIOUS-Gold near 3-year low, heads for worst quarter since 1968

* Gold falls to low of $1,180.71, recovers * Speculators in China selling gold - trader * Bullion down 25 percent in April-June quarter By A. Ananthalakshmi SINGAPORE, June 28 - Gold fell below $1,200 on Friday to its lowest since August 2010 before recovering, and is on track to post its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus. Bullion has taken a beating since the beginning

Financials, Markets, Mutual Fund Center, ETFs News 28 Jun 2013

Thu, Jun 27 2013

PRECIOUS-Gold below $1,200, headed for worst week in 30 years

SINGAPORE, June 28 - Gold fell over 1 percent on Friday to its lowest since August 2010, on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus. Bullion, down 15 percent since the beginning of last week, is headed for its worst weekly fall since 1983 and worst quarterly performance since at least 1968. FUNDAMENTALS * Spot gold fell 1.1 percent to $1,185.90 an ounce by 0057 GMT, having fallen to a three-year trough of $1,1

27 Jun 2013

PRECIOUS-Gold sinks below $1,200 for first time in nearly 3 years

* Gold slides even as other commodities rise * Analysts cite liquidation, quarter-end book squaring * Bullion set for biggest quarterly drop since at least 1968 * Coming up: U.S. Reuters/UMich index Friday (New throughout, updates prices and market activity) By Josephine Mason and Clara Denina NEW YORK/LONDON, June 27 - Gold sank 2 percent on Thursday, as month-end book squaring and relentless liquidation by institutional investors sent bullion prices below $1,20

27 Jun 2013

Politics Video

Obama wraps up Africa tour

Obama wraps up Africa tour

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McCain, Biden coming together for Sedona, Arizona forum

These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.