All news related to Metal market

Metals market: Gold and Copper prices fluctuate depending on US data

05.08.2013 15:16

Metals market: Gold and Copper prices fluctuate depending on US data

YEREVAN, August 5. /ARKA/. Last week gold trading was marked by considerable volatility because of a string of important events which could change the mood of investors. The U.S. economic data was inconsistent. The initial assessment of the U.S. GDP level in the second quarter exceeded the expectations of investors, while the news from the labor market was mixed: the unemployment rate fell to 7.4%, but the data on the number of new jobs in the non-agricultural sector disappointed market participants.

Regular meetings of the Federal Reserve and the European Central Bank (ECB) brought no surprises. The American regulator did not revise the interest rates, while purchases of securities n the U.S. still continues in previous levels because of high unemployment level despite the improving situation in the labor market. The ECB also preserved its monetary policy, after Mario Draghi made it clear that the super soft monetary policy will continue for a long time. As a result, after significant fluctuations the price of gold fell by 1.48% to 1310.97 U.S. dollars per troy ounce. The gold dynamics this week could be affected by economic data from the U.S. and the eurozone.

A string of important news is expected this week from China, which can also affect the price of gold, as China is one of the largest consumers of this metal. We would like to remind that Chinese economy has been experiencing a slowdown, so gold market may pay attention to its macro data.

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Metal market: Gold and Copper prices May down, U.S. federal reserve’s protocols are in limelight

09.07.2013 16:02

Metal market: Gold and Copper prices May down, U.S. federal reserve’s protocols are in limelight

Gold quotes dropped last week pressured by the concerns of the dealers about quantitative stimulus program’s terms. This asset appeared to show a three-week non-stop negative dynamics

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Metal market: Gold and Copper quotes remain vulnerable

03.06.2013 15:09

Metal market: Gold and Copper quotes remain vulnerable

Gold prices were mostly climbing last week, however, no definite dynamics was reported. The highest increase was demonstrated in the middle of the week after the USA released its macroeconomic statistics which highlighted US economic slowdown. According to the statistics, the U.S. GDP in the first quarter rose by 2.4% whereas last month it was anticipated at 2.5%. Moreover, weaker than expected labor statistics from America drove the investors to calm down around the quantitative stimulus program terms

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Metal markets: Hedge funds selling gold, downturn potential still exists

17.05.2013 14:24

Metal markets: Hedge funds selling gold, downturn potential still exists

The World Gold Council released on Thursday, May 16, the global gold demand and supply statistics. According to the statistics, the global gold demand slipped in the first quarter by 13.05% to 963.0 tons, from a year earlier, and by 18.95%, compared to the previous quarter

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Metal market: U.S. labor statistics shake up metal markets

06.05.2013 14:21

Metal market: U.S. labor statistics shake up metal markets

Gold prices were mainly rising last week, however, no stable dynamics was again reported. Physical purchases continued supporting the asset. In addition, mixed macroeconomic statistics of the largest economy and weaker positions of the USD made gold more attractive

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Metal market: Gold and Copper quotes to dive

11.03.2013 13:00

Metal market: Gold and Copper quotes to dive

The prices for gold were teetering during the past five trading days amid the curbed activity of investors and concerns around the U.S. budget sequester. In addition, strong USD and no data which could influence the quotes brought up no optimism as well

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Metals market: Gold prices likely to dive

11.02.2013 16:09

Metals market: Gold prices likely to dive

Gold prices climbed early last week as investors were getting more reluctant to take risks amid controversial economic records from the US and eurozone as well as renewed concerns around financial and political situation of the latter

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Metals market: Gold and copper quotes dive amid charles plosser’s statement

14.01.2013 15:35

Metals market: Gold and copper quotes dive amid charles plosser’s statement

Gold prices slightly tumbled last week as the American regulator published last Thursday its December session protocols. As a result, the quotes of the precious metal reached their week minimum of 1,642.69 USD per troy ounce

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Metals Market: Investors disappointed with concerning talks over U.S. budget

24.12.2012 15:23

Metals Market: Investors disappointed with concerning talks over U.S. budget

Gold quotes dropped significantly last week amid concerns about “budget breakdown” in the U.S. The price for gold tumbled to the new minimum of 1,635.17 USD per troy ounce recording the lowest result over the last four months

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Metals market: Risks for gold and copper cost drop touched off by U.S. statistics

17.12.2012 17:55

Metals market: Risks for gold and copper cost drop touched off by U.S. statistics

Last week the gold quotes were pressured amid the political battles between the U.S. legislators over the so-called “budget breakdown,” expenditures cuts and tax increases to be embarked early next year

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