Articles by simon yao
- Strong Dollar Strong Gold?
June 14 2012 1:29 PM
Of late, it seems the dollar can do no wrong. Despite weak housing and jobs data and a confession that the U.S. economy is not doing so well, the dollar is emerging as a currency champion.
- Gold Climbs Above $1,620 An Ounce As Euro Holds Ground
June 14 2012 11:24 AM
Gold rose above $1,620 an ounce on Thursday, extending four sessions of gains, as the euro held its ground against the dollar in choppy trade ahead of this weekend's Greek elections, with a surge in Spanish borrowing costs stoking risk aversion.
- Gold Rises For 4th Day, Eyes Technical Resistance
June 13 2012 4:06 PM
Gold rose for a fourth straight session on Wednesday on safe-haven bids due to uncertainties in Europe ahead of a key election in Greece, but the metal's repeated failures to break above major chart resistance could trigger technical selling.
- Investors Would Do Well to Accumulate Physical Gold and Silver as Alternatives to Paper Currency
June 12 2012 11:20 AM
After trading above $1640 an ounce last week, the price of gold fell after hopes for another round of quantitative easing was quashed when US Federal Reserve chairman, Ben Bernanke, failed to provide any hint of further monetary easing in his testimony on Thursday.
- Copper Falls On Europe Worries, Dollar Rise
June 12 2012 8:49 AM
Copper fell on Tuesday as the dollar rose and euphoria in financial markets over a bank bailout for indebted Spain waned.
- Do Asian Central Banks Hold Enough Gold?
June 12 2012 8:45 AM
The Bank for International Settlements (BIS) noted in its June 2012 Quarterly Review that central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets.
- Gold Edges Lower As Worries Over Europe Simmer
June 12 2012 8:33 AM
Gold eased below $1,590 an ounce on Tuesday as concerns over the efficacy of the weekend aid package for Spain's banks and upcoming elections in Greece eroded confidence in the outlook for the euro, and as hopes for fresh U.S. monetary easing faded.
- Gold Flat As Enthusiasm Over Spanish Aid Fades
June 11 2012 2:16 PM
Gold prices were nearly flat on Monday after the metal gave up early gains following a retreat in U.S. equities due to fading enthusiasm over a European bailout for Spain's debt-stricken banks.
- Gold Rebounds, Nears $1,590 On Short-covering, Spain
June 08 2012 2:05 PM
Gold rebounded Friday after tumbling earlier, as pre-weekend short-covering and news of a possible bailout on troubled Spanish banks boosted bullion buying.
- Gold Extends Losses After Fed Disappoints
June 08 2012 11:04 AM
Gold fell on Friday, extending losses from the previous day when the U.S. Federal Reserve gave no hint of plans for an imminent stimulus to the economy, which disappointed investors and dampening the metal's appeal as a hedge against monetary easing.
- Two Very Different Stories
June 06 2012 12:00 PM
Marketwatch.com released an article this week entitled ?Why Your Portfolio Doesn?t Need Gold?. This is just one of a barrage of articles and commentaries triumphantly predicting the end of the precious metal?s raging bull market.
- Kazakh Gold/forex Reserves Fall to $33.8 bln in May
June 06 2012 11:55 AM
Kazakhstan's net gold and foreign currency reserves fell to $33.8 billion as of May 31 from $34.5 billion on April 30, due mainly to a weaker euro, the central bank said on Wednesday.
- Workers Strike at Kinross Mauritania Gold Mine
June 06 2012 11:52 AM
Canadian miner Kinross Gold said on Wednesday that workers at its Tasiast gold mine in Mauritania in West Africa have initiated an unlawful work stoppage, halting mining and processing activity at the operation.
- Barrick Ousts CEO, Aiming to Spur Share Price
June 06 2012 11:42 AM
Barrick Gold Corp , whose shares have languished in recent years despite surging bullion prices, has ousted Chief Executive Aaron Regent and promoted Chief Financial Officer Jamie Sokalsky to the top job at the world's largest gold miner.
- Gold Hits One-month High as Euro, Stocks Rally
June 06 2012 11:37 AM
Gold prices hit a one-month high on Wednesday as the euro held onto its early gains against the dollar after the European Central Bank kept interest rates unchanged, and as other assets seen as higher risk, like stocks and commodities, rallied.
- Gold Eases, Focus Shifting to Key Economic Events
June 05 2012 2:04 PM
Gold prices edged lower in light volume on Tuesday, as the market took a breather after last week's rally and investors shifted their attention to a flurry of key economic events in Europe and central bank meetings scheduled later this month.
- Gold Steadies as Link to Risk Assets Weakens
June 05 2012 9:42 AM
Gold steadied on Tuesday, recovering early losses linked to euro weakness, as renewed focus on the slow pace of U.S. growth altered the metal's relationship to assets seen as higher risk, boosting confidence in its longer-term prospects.
- Royalty Firms Could Spur Junior Miner Deal Bonanza
June 04 2012 9:46 AM
Royalty companies that raked in cash from strong precious metal prices in the last three years look poised to drive a wave of deal activity in the Canadian mining sector, especially among junior players hungry for financing.
- Hong Kong-China Gold Flow Jumps 62 pct in April
June 04 2012 9:40 AM
Hong Kong shipped 101,768 kilograms of gold to mainland China in April, up 62 percent on the month and marking the second-highest monthly exports, the Hong Kong Census and Statistics Department said on Monday.
- Gold Pauses after Rally Sparked by U.S. Data
June 04 2012 9:36 AM
Gold eased on Monday as losses on the wider financial markets prompted some selling after the metal's biggest one-day price rise in over three years, but it was supported by speculation the Federal Reserve could unveil a new round of monetary easing.