Inside these posts: Gold

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Gold rises above $1,430 an ounce

Gold rose above $1,430 an ounce on Tuesday, supported by clashes in Libya, but remained well off the previous session’s record high as a retreat in oil prices prompted some investors to cash in gains in the metal. Get the full story »

Oil briefly hits $100, gold reaches two-week high

Gold rose to its highest in more than seven weeks Wednesday, closing in on record highs as escalating unrest in Libya and soaring crude oil prices fueled fears of inflation and slower economic growth.

U.S. crude oil futures marched rapidly to hit $100 a barrel on possible supply disruption from Libya, stoking inflation concern. They later settled up nearly $3 at about $98 a barrel, its highest since October 2008. Get the full story »

Gold falls back to $1,400 as equity markets drop

Gold fell back toward $1,400 an ounce on Tuesday, breaking a six-session rally, as turmoil in Libya prompted bullion investors to take profits and as sharp losses in equities and other commodities markets prompted margin selling. Get the full story »

Gold posts first monthly loss since July

Gold fell on Monday, notching its first monthly decline in six months, as strong U.S. factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal’s rally. Get the full story »

Gold regains lost ground after China rate increase

Spot gold regained lost ground on Monday, as bargain hunting trickled in after prices dropped about one percent in early trade in response to China’s interest rate increase on Saturday. Get the full story »

Gold vending machine comes to U.S.

Shoppers who are looking for something sparkly to put under the Christmas tree can skip the jewelry and go straight to the source: an ATM that dispenses shiny 24-carat gold bars and coins. A German company planned to install the machine Friday at an upscale mall in Boca Raton, a South Florida paradise of palm trees, pink buildings and wealthy retirees. Get the full story »

Gold sets new record; silver flirts with $30

From | Gold futures climbed to a new record on worries about European debt and the potential further weakenig of the U.S. dollar. Gold for February delivery gained $9.90, or 0.7 percnet , to finish at $1,416.10 an ounce on the New York Mercantile Exchange. Silver surged but stopped short of $30 an ounce. Get the full story>>

Precious metals steady; CME raises trading costs

(Reuters/Shannon Stapleton)

Precious metals steadied on Wednesday after futures of gold, and particularly silver, plunged in the previous session’s after-hours trade, although the dollar’s strength limited any immediate recovery.

The price of spot gold, which tracks trades in bullion, was up about half percent. Futures of the precious metal in New York showed a loss of up to 1.4 percent during the session, adjusting to Tuesday’s post-settlement trade. Get the full story »

Gold passes $1,400 amid economic fears

Investors looking for safer places to stow their assets pushed gold to a record price above $1,400 an ounce Monday as they become more worried about the global economy.

Gold prices slip as investors take profits

Gold slipped Wednesday as many investors sold holdings for a profit ahead of the Federal Reserve’s decision to buy hundreds of billions more in Treasury bonds to revitalize the economy. Get the full story »

Northern Trust expects gold to keep climbing

Northern Trust expects gold to continue climbing until interest rates rise and developed economies get their budget deficits under control, the firm’s chief investment strategist said on Monday.

The U.S. bank, which has more than $600 billion in assets, also raised its asset allocation for gold by five times to 5 percent at its last review in September, James McDonald, Northern Trust’s chief investment strategist said in an interview. Get the full story »

Gold, metals give away some gains

Gold and metals prices sank Thursday, as investors worried that Japan’s central bank might soon take action to weaken the yen. Get the full story »

Gold, sugar rally; wheat leads losses in grains

Gold hit another record high Monday amid global economic uncertainty, while oil and most other commodities were flat or lower on bearish demand outlooks.

Soft commodities were one of the few bright spots, with sugar hitting a seven-month high on signs of strengthening demand. Cotton set a fresh 15-year top on further fund buying. Get the full story »

Gold jumps to record of $1,300 per ounce

Spot gold jumped to a record high of $1,300.10 a troy ounce Friday as the U.S. dollar continued to weaken.

The precious metal has been on a record-breaking run the past fortnight–primarily on the back of falls in the U.S. currency–with analysts describing a break of the $1,300 per ounce level as “psychologically important.” Get the full story »

CME to offer gold, oil volatility contracts in Q4

CME Group Inc., the biggest U.S. operator of futures exchanges, will offer contracts tied to anticipated price swings in gold and oil starting in the fourth quarter, the exchange said on Tuesday. Get the full story »