Gold Prices

Gold Turns Lower As Dollar Rebounds

By By Moming Zhou| MarketWatch Pulse| Markets

… Pulse NEW YORK -- Gold futures turns slightly lower Friday, as a stronger U.S. dollar pressured dollar-denominated gold prices . December gold futures lost 0.3% to $1,139.10 an ounce on the Comex division of the New York Mercantile Exchange …

Story|11/20/2009

Gold Hits Record Near $1,150 an Ounce as Dollar Slips

Reuters| Markets

… on bullion itself, which is often seen as an inflation hedge. "Low inflation pressures are traditionally a negative for gold prices ," said HSBC analyst James Steel in a note. "If, however, weak inflation data are seen as allowing the Fed to continue …

Story|11/18/2009

Dow Adds 136 in Stimulus-Induced Buying Binge

By By Ken Sweet| FOXBusiness| Markets

… for 12:15 p.m. ET, is expected to carry heavy interest especially with issues of double-digit unemployment, high gold prices and a weak U.S. dollar. Shares of Dow Component Cisco Systems (CSCO) may trade heavily today after the company raised …

Story|11/16/2009

Oil Advances 1.4% to Above $77 on Dollar Weakness

Reuters| Markets

… yuan was part of the reforms Beijing needed to implement to increase domestic consumption. The weaker dollar helped push gold prices to a fresh record high on Monday, while U.S. wheat, corn and soybean futures also advanced more than 1%. MARKET OVERSUPPLIED …

Story|11/16/2009

Gold's Surge Nearing an End, Prechter Says

By By Matt Egan| FOXBusiness| Markets

… themselves to buy it," Prechter said. Waving off inflation fears that have helped send gold soaring, he likened the run-up in gold prices to the bubble in crude oil that collapsed, along with the economy, after the summer of 2008. “People were talking about …

Story|11/13/2009

Oil Rises Above $77 as Dollar Slips

Reuters| Markets

… rallying almost 1.5 cents in 24 hours, the dollar slipped back on Friday to around $1.49 against the single currency. Gold prices have soared to record highs above $1,120 an ounce due to the dollar's near 25 cent loss against the euro since March …

Story|11/13/2009

Fed's Plosser: No Inflation Threat for Now

Reuters| Markets

… thoroughly tested". A "Plan B", he said, is to sell the assets the Fed has accumulated during the crisis. Asked about record gold prices and the decline of the dollar, Plosser said "I think we don't want to entirely dismiss that... I do think from a policy …

Story|11/12/2009

Oil Falls Below $78 After a Rise Inventory

Reuters| Markets

… gold, oil would be a lot lower. A lot of people are just looking at oil as another financial asset to hold," said Rob Montefusco, an oil trader with Sucden Financial. Gold prices hit record highs above $1,120 an ounce on Thursday.

Story|11/12/2009

RandGold Swings To Profit In Third Quarter

By Polya Lesova| MarketWatch Pulse| Markets

… Third-quarter gold sales rose 32% to $103.5 million from the same period a year ago, as a result of higher average gold prices and a 17% increase in ounces produced. Total cash costs increased 30% to $68.2 million from the September 2008 quarter …

Story|11/10/2009

Oil Drops to Near $79 as Hurricane Weakens

Reuters| Markets

… support for oil prices has come as the U.S. dollar fell to a 15-month low against a basket of major currencies, lifting gold prices to a new record and the euro above $1.50. Dollar weakness was due to expectations for U.S. interest rates to stay near …

Story|11/10/2009