Blogs

Gold Bear Bets Reach Record as Soros Cuts Holdings: Commodities

Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years. >>>

Gold Survey: Weaker Gold Prices Expected Next Week

In the Kitco News Gold Survey, out of 36 participants, 28 responded this week. Of those 28 participants, nine see prices up, while 17 see prices down and two see prices moving sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts. >>>

PRECIOUS-Gold falls as Fed comments lift dollar

Gold fell for a seventh straight session on Friday, its longest losing streak in four years, after comments from a Federal Reserve official that the bank may soon rein in monetary easing lifted the dollar. >>>

Gold Heads for Worst Slump Since March 2009 as Holdings Contract

Gold fell for a seventh day in the worst slump since March 2009 as exchange-traded product holdings shrank, the dollar strengthened and a U.S. Federal Reserve policy maker said that stimulus may be reduced within months. >>>

Gold Bears Revived as Rout Resumes After Coin Rush: Commodities

Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low. >>>

Gold Seen Crushed as Credit Suisse Forecasts $1,100 in Year

Gold will trade at $1,100 an ounce in a year and below $1,000 in five years, according to Ric Deverell, head of commodities research at the bank. Lower prices are unlikely to lure more central-bank buying, said Deverell, who worked at the Reserve Bank of Australia for 10 years before joining Credit Suisse in 2010. >>>

Soros Leads Gold-Stake Cuts Before Bear Market Drop

Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter. >>>

UPDATE 1-Kinross adjusted earnings fall; production jumps

Canada's Kinross Gold Corp reported slightly lower adjusted first quarter earnings on Tuesday as its margins slipped, even as revenue edged higher. >>>

UPDATE 1-Iamgold profit plummets after production, prices fall

Canadian miner Iamgold Corp reported a 91 percent fall in first-quarter profit due to lower gold production and a decline in price of the precious metal. >>>

Gold extends drop, gets no help from Aussie cut

Losses for gold were building momentum on Tuesday, with the precious metal more than erasing the modest price gain it notched in the previous session and not getting any lift from news of another round of global easing, this time from Australia. >>>

Pages

Subscribe to RSS - blogs