Gold Bulls Persist on Dollar Drop as Stimulus Kept: Commodities

Gold analysts are bullish for a second week on speculation that prolonged U.S. stimulus and a weakening dollar will boost demand for the metal as a haven. Seventeen analysts surveyed by Bloomberg News expect prices to advance next week, nine are bearish and six neutral. The Bloomberg U.S. Dollar Index, a measure against 10 currencies, slid to […]

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Gold Futures Advance to Three-Week High on Stimulus Speculation

Gold futures rose to a three-week high on speculation that the Federal Reserve will maintain the pace of monetary stimulus to boost economic growth. Fed policy makers will delay reducing $85 billion in monthly bond purchases until March, according to the median estimate of 40 economists in a Bloomberg survey last week. The partial U.S. government 16-day […]

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Gold Advances Most in a Week on U.S. Government Shutdown Concern

Gold advanced the most in a week as U.S. lawmakers struggled to reach an accord on raising the nation’s debt limit, increasing demand for the precious metal as a haven. With the U.S.’s borrowing authority set to lapse Oct. 17, Senate Majority Leader Harry Reid said yesterday that he had a “productive conversation” with Minority Leader Mitch McConnell, […]

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Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

“OAO Moscow Exchange will introduce trading of gold and silver as early as this month as part of plans to make metals more accessible to smaller banks by reducing transaction costs. The exchange will quote gold and silver in Russian rubles per gram, with minimum trades starting at 10 grams of gold and 100 grams […]

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Gold Bulls Raise Wagers Most in Month on Stimulus: Commodities

“Hedge funds’ combined holdings in gold futures rose the most this month as continued U.S. monetary stimulus spurred investors to sell short contracts and sent prices toward the first quarterly advance in a year. The net-long position in bullion jumped 12 percent to 78,654 futures and options in the week ended Sept. 24, the most […]

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U.S. Silver-Coin Sales Top 2012 as Investors Buy at Record Pace

“Sales of American Eagle silver coins by the U.S. Mint this year surpassed the total for all of 2012 as investors snap up precious metals at a record pace and spark a rebound in prices. About 33.75 million ounces of the silver coins were sold so far in 2013, compared with 33.74 million in 12 […]

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Gold Advances Most in Two Weeks as Dollar Decline Spurs Demand

“Gold advanced the most in two weeks as the dollar dropped for the fifth straight session, increasing demand for the precious metal as an alternative investment. The Bloomberg Dollar Index, a gauge against 10 major trading partners, fell as much as 0.5 percent, heading for the longest slide since April. Exports rebounded in China, signaling improving economic […]

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Gold Rises, Snaps Longest Slump in 11 Weeks, on Dollar

“Gold futures rose, snapping the longest slump in 11 weeks, as the dollar’s decline increased demand for the metal as an alternative investment. The Bloomberg Dollar Index slid 0.3 percent, heading for the longest slide in seven weeks against a basket of 10 currencies. Gold has tumbled 23 percent this year, while the greenback gauge has climbed […]

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