Gold declines as Dollar strengthened

Financeroll – Gold fell for the first day in four in New York as a stronger dollar curbed demand for alternative assets. The euro slumped to the lowest since September against the U.S. dollar after Greek Prime Minister Lucas Papademos warned his country may face economic collapse as soon as March. France …

Copper futures add to losses after French debt sale

Financeroll – Copper futures fell to a one-week low on Thursday, adding to losses amid ongoing fears over the euro zone’s debt crisis following a disappointing auction of French government debt. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at …

Gold dropped after Italy auction

Financeroll – Gold dropped to its lowest in almost 6-months on Thursday as the euro fell against the dollar after an Italian bond auction saw yields at an unsustainable level and renewed euro zone fears and credit tightness worries. Echoing the weakness in gold, spot platinum fell more than 3 percent to its …

Gold plunged through key support level after Italian debt sale

Financeroll – Gold futures plunged through key support levels on Thursday, dropping to the lowest level since early-July with moves amplified in poor year-end liquidity after an auction of long-term Italian government debt failed to ease concerns over the fiscal health of the euro zone’s third largest …

Copper trimmed losses as Italy debt sale eyed

Financeroll – Copper futures trimmed losses in thin trade on Thursday, but remained close to a one-week low as markets remained jittery ahead a closely-watched Italian bond auction later in the day. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery traded at …

Gold falls three month low

Financeroll – Gold fell to a three-month low on Thursday as prices were weighed down by a firm dollar, while investors remained cautious ahead of an important Italian bond auction later in the day. The dollar index traded steady after surging in the previous session, as investors grew increasingly nervous …