Adens Always Alert

Gold picked up a few additional dollars overnight, owing to more Asian buying interest and a mixed bag of market values in base metals, currencies, and equities. Although the US dollar came under some pressure in the wake of news that home foreclosures rose 55% in July, the euro and the pound found ... Aug 14, 2008 10:12AM

Demand Destruction Applies to Bullion as Well

Overnight action in the gold market was on the subdued side, as Indian buyers took a break from buying the metal in anticipation of prices nearer or under $800. The metal continued to be unable to overcome near-term resistance at $825 and was stalled near $815 with the threat of a dip to the $775 to... Aug 13, 2008 9:46AM