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Dealing Report: Surprise US improvement hits gold price + MORE

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This week started with a sharp bear squeeze, which took gold from $1178 to $1214, and silver from $15.70 to $16.71.
These higher prices on Wednesday proved to be the peak for both metals, before they fell back sharply yesterday (Thursday) on better than expected US initial jobless claims. The Federal Open Market Committee’s (FOMC) minutes, which admitted the US economy is softening, had little effect when released yesterday…

Continue Reading On .goldmoney.com »

Crude oil prices rallied as US inventory increased much less than expected whilst Cushing stockpile fell for the first time since last November. The front-month WTI crude contract rose to as high as 59.33 before settling at 58.58, up +2.66%. The Brent crude contract rose to a new 2015 high of 66.72 before ending the day at 65…

Continue Reading On oilngold.com »

Crude oil price firmed as US labor and manufacturing data beat expectations. The front-month contract for WTI crude oil rose to a 4.5 month of 59.85 before settling at 59.63, up +1.79%, while the Brent crude contract jumped to as high as 66.93 before settling at 66.78, up +1.43%. In April, WTI and Brent contracts have gained +22…

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Unexpected improvement in US economic fortunes have dented gold prices over the last seven days, with news of unemployment dropping by a surprising 34,000 leading buyers away from safe haven investments.
The late shift followed a relatively steady week for gold prices – even despite the continuing uncertainty over Greece’s debt talks, their continued position within the Euro, and strong rhetoric from European leaders…

Continue Reading On .goldmoney.com »

Why deflation is unlikely

– .goldmoney.com

Financial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or even fall, prices for goods and services will soften. This is already threatening to be the situation in a number of other advanced nations, with negative interest rates to combat it becoming commonplace…

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Gold rallied for another day as the US dollar slumped to the lowest level in 8 weeks. Disappointing US consumer sentiment damped speculations of Fed’s tightening whilst investors stayed cautious ahead of the FOMC meeting. The benchmark Comex gold contract jumped to a 3-week high of 1214.9 before ending the day at 1213…

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Prospects for Platinum

– .goldmoney.com

Platinum is incredibly rare – in fact, it is estimated all the platinum ever mined would only fill a space of around 25 cubic feet. Global gold production is more than ten times that of its rarer cousin – so why is platinum currently cheaper to buy? Roland Khounlivong, Head of Dealing and Settlements, GoldMoney explains:
Platinum has become the metal of choice for many people when it comes to jewellery especially for wedding bands…

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Vancouver, BC, Canada — May 1, 2015 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) reports that the purchase and sale agreement announced on March 2, 2015 with European Uranium Resources Ltd. (TSX-V:EUU) regarding the sale of four Nevada exploration projects has been terminated due to EUU’s failure to complete the conditions of closing the agreement by April 30, 2015…

Continue Reading On mirandagold.com »

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