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Gold ushered to record high

G old GC-FT powered to a record high on Wednesday, topping the previous day's gains, as U.S. dollar weakness and mounting worries about potential inflation enticed more investors to the precious metal. Spot gold hit a historic $1,048.20 (U.S.) an ounce ...

From HUMEYRA PAMUK, Globe and Mail,  7 Oct 2009

Related Topics: Commerzbank

Weak dollar boosts copper

A weak U.S. dollar and a hefty fall in available inventories pushed copper higher on Monday, but persistent demand worries after Friday's gloomy macro data still keep a lid on prices. Analysts said the market was vulnerable after a sharp rise this year ...

From HUMEYRA PAMUK, Globe and Mail,  5 Oct 2009

Jittery gold dips, then steadies

G old GC-FT erased initial losses on Friday, following a spike and subsequent retreat in the dollar as investors fretted over news of deeper than expected U.S. job losses in September. U.S. employers cut a heftier-than-expected 263,000 jobs, lifting the ...

From HUMEYRA PAMUK AND MICHAEL TAYLOR, Globe and Mail,  2 Oct 2009

Related Topics: New York Mercantile Exchange,  Bank of Nova Scotia,  James Moore

Gold steadies ahead of U.S. data

G old GC-FT was steady on Friday, drawing little support from foreign exchange markets where the dollar was flat against a basket of currencies, with the market subdued ahead of key U.S. jobs data due later in the day. Gold was at $998.30 (U.S.) an ...

From HUMEYRA PAMUK, Globe and Mail,  2 Oct 2009

Related Topics: New York Mercantile Exchange,  James Moore

Gold under pressure

G old GC-FT edged down below $990 (U.S.) an ounce on Monday as the dollar rose versus the euro, prompting a liquidation of long positions in the market after bullion failed to stay above $1,000 an ounce. But traders saw the precious metal supported ...

From HUMEYRA PAMUK, Globe and Mail,  28 Sep 2009

Related Topics: Commerzbank,  New York Mercantile Exchange

Gold drops to two-week low

G old GC-FT fell to its lowest in more than two weeks on Friday, reversing earlier gains as the dollar edged higher versus the euro after the weaker-than-expected U.S. Traders said the U.S. data and euro's fall prompted long liquidation in the market, ...

From REBEKAH CURTIS AND HUMEYRA PAMUK, Globe and Mail,  25 Sep 2009

Related Topics: Bank of Nova Scotia

Gold prices fall as U.S. dollar gains

G old GC-FT dropped below $1,000 (U.S.) an ounce on Monday, its lowest in almost a week, as the U.S. dollar rose broadly and investors took a breather ahead of this week's U.S. Federal Reserve and G20 meeting. Analysts said selling pressure from the ...

From HUMEYRA PAMUK, Globe and Mail,  21 Sep 2009

Related Topics: International Monetary Fund,  Commerzbank,  Bank of Nova Scotia

Weak dollar buoys copper

A weak U.S. dollar pushed copper HG-FT higher on Thursday, and sent aluminum to a three-week high but gains were capped as rising inventories reflected weak demand. Nickel, zinc and lead were at a one-week high, while gold GC-FT prices rallied to their ...

From HUMEYRA PAMUK, Globe and Mail,  17 Sep 2009

Related Topics: Ben Bernanke,  Barclays

Copper rises after Bernanke calls end to recession

C opper HG-FT climbed 1.6 per cent on Wednesday, as upbeat comments from the U.S. Federal Reserve Chairman Ben Bernanke on the economy and strong U.S. retail and manufacturing data lifted sentiment. Stock markets and other commodity prices including ...

From HUMEYRA PAMUK, Globe and Mail,  16 Sep 2009

Related Topics: Ben Bernanke

Investment money buoys copper

C opper HG-FT climbed more than 1 per cent on Tuesday as investment money betting on a recovery in demand for metals buoyed the market, but rising stockpiles continued to cap the gains. The U.S. dollar recovered against a basket of currencies and rose ...

From HUMEYRA PAMUK, Globe and Mail,  15 Sep 2009

Related Topics: National Australia Bank Limited

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