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Gold steady as Spain auction eyed

Spot gold gained 0.2 percent to $1,643.29 an ounce by 0024 GMT, holding above the key 200-day moving average at about $1,636. U.S. gold inched up 0.3 percent to $1,644.30. Worries about the euro zone debt crisis mounted on Wednesday, after Fitch warned the European Central Bank to ramp up its debt purchases to avoid [...]

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Gold declines as Dollar strengthened

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 sold 7.96 billion [...]

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Copper futures add to losses after French debt sale

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 USD3.413 a pound during European morning trade, [...]

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Gold regains safe haven status

Gold regains safe haven status

Financeroll – Gold futures rallied for a fourth day on Thursday, climbing to a two-week high as investors moved back in to the precious metal amid mounting fears over the debt crisis in the euro zone as well escalating geopolitical tensions between Iran and the West. On the Comex division of the New York Mercantile [...]

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Investors seek safe haven, gold and silver gain

Financeroll – Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven. Gold futures for February delivery advanced 0.2 percent to $1,569.70 an ounce at 6:18 p.m. in New York. Silver futures for March delivery rose 0.5 percent to $28.005 an [...]

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Gold rebound nearing annual gain

Financeroll – Gold, poised for an 11th year of advance, rebounded from the lowest level in six months as a slump that threatened to tip the metal into a bear market spurred purchases, tempering the effect of a stronger dollar. Immediate-delivery gold climbed as much as 0.9 percent to $1,560 an ounce and was at [...]

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Gold dropped after Italy auction

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 lowest since [...]

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Gold plunged through key support level after Italian debt sale

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 economy. On the Comex division of the New [...]

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Copper trimmed losses as Italy debt sale eyed

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 USD3.361 a pound during European morning [...]

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Gold falls three month low

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 over the Italian bond auction [...]

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