All news related to Metal

Metal market: quotes of gold decreased, and cooper jumped on the background of U.S. macroeconomic statistics

06.02.2012 18:04

Metal market: quotes of gold decreased, and cooper jumped on the background of U.S. macroeconomic statistics

YEREVAN, February 6. /ARKA/. On the first day of trading last week gold has shown a weak downward trend, as investors kept cautious, watching the progress of EU summit in Brussels. Continuing negotiations of Greece with private creditors regarding restructuring of state debt assisted in strengthening of tension in the market. Having grown up over 15% ten-year government bonds of Portugal also put pressure on gold.

However, from Tuesday, January 31, the situation in the gold market changed for the better. The precious stone continued to increase by Friday, February 3 against the background of significant progress against establishing a closer fiscal union in Europe, as well as the leaders of twenty-five EU countries signed an agreement on the continuing stability in the amount of 500 billion euros.

Positive macroeconomic stability from eurozone also assisted in the gold price increase.

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Metal Market: Quotes Of Gold And Copper Are Under Pressure On The Background Of Risk Aversion Of Investors

12.12.2011 20:42

Metal Market: Quotes Of Gold And Copper Are Under Pressure On The Background Of Risk Aversion Of Investors

At the beginning of the last week attempts of precious metal to continue its growth on the background of positive news from Italy where the government undertook steps on toughening the budget policy, failed.

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Metal market: Rally in the gold market has slowed down and the copper is again in the focus of attention

31.08.2011 14:32

Metal market: Rally in the gold market has slowed down and the copper is again in the focus of attention

Last week’s rally in the gold market has slowed down after six days of continuous growth, which resulted in the quotations of precious metals and reach new records of maximum 191.80 USD per troy ounce against the fears of dissemination of debt crisis in larger euro zone economies, as well as large sales in global stock markets.

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Metal market: volatility growth in the gold and copper markets

29.07.2011 13:35

Metal market: volatility growth in the gold and copper markets

New rally for gold price started at the beginning of July 2011, the first time was delayed last week.

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