Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

Paulson holds to gold ETFs in Q1, profits as prices rise

Prominent hedge fund manager John Paulson held on to his exchange-traded fund (ETF) bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company...

Gold firms after rally on Egypt, ETF at eight-mth low

Gold edged up on Monday, extending gains seen in the previous session as buying continued on fears the unrest in Egypt will spread across the Middle East, but selling in the physical side and a drop in exchange traded funds (ETF) holdings to an...

Gold jumps above $1 400/oz after US data

Gold jumped above $1 400 an ounce to a three-week high on Friday after U.S. jobs data disappointed the markets, knocking the dollar index down 1 percent and dampening expectations for a self-sustaining recovery. U.S. employment increased by far...

Gold hits record before slipping; dollar outlook eyed

Gold hit another record above $1 398/oz on Monday before a rebound in the dollar caused prices to retrace, though short-term sentiment remains upbeat. Gold fell $5,45/oz to $1 389,05 by 03:44 GMT, having risen as high as $1 398,35. Silver tracked...

As gold price keeps upward trend, miners settle for organic growth

Despite dubbing it ‘the ultimate bubble’, billionaire George Soros is reportedly continuing to hold gold. The hedge-fund legend - whose Soros Fund is said to hold a $645-million in gold - has made his “gold is the ultimate bubble” comment...

Gold rises on bank scare; holds near lifetime high

Gold gained on Wednesday, within sight of a two-month high hit the previous day, as global stocks tumbled and the euro slipped on renewed fears about the health of the global economy. Gold, which is also a few dollars away from a lifetime high of...

Gold hits four-week high on cloudy economy outlook

Gold touched a four-week high on Friday, extending gains from the previous day as investors bought the precious metal and shied away from riskier assets on concern about the health of the global economy. Fresh US data that would give further...

Gold inches up, euro-zone debt concerns persist

Gold ticked higher on Thursday as worries about Europe's debt woes attracted buying from investors, while holdings in the world's largest bullion-backed exchange-traded fund rose to another record. A jump in India's gold demand in the first...

Gold rises after 5-day fall, SPDR unchanged

Gold rose on Monday after falling for five straight sessions, with investors attracted by the precious metal in the face of remaining uncertainty over the global economy. Last week spot gold fell 4,6% in its biggest weekly percentage loss in...

Gold bounces from 2-week low; ETF holdings slip

Gold regained some strength on Thursday after falling to its lowest in nearly two weeks the previous day, although poor technicals and failure to sustain recent gains may spur selling, traders said. Bullion has seen a series of corrections since...

Gold tracks euro higher ahead of US payroll data

Gold tracked the euro higher on Friday before the release of US payrolls data, which could raise concerns about the pace of the economic recovery, hurt the dollar but lift bullion's allure as an alternative investment. Light buying from Chinese...