Gold erases losses as new Ukraine worries hit equities, dollar

By Clara Denina LONDON (Reuters) – Gold erased earlier losses on Thursday, as new signs of an escalation in tensions in Ukraine hit global stock markets, bolstering the metal’s appeal as an insurance against risk. Prices rose as much as 1.1 percent to a session high of $1,297 an ounce after Russian Defence Minister Sergei [...]

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Gold recovers from 2-1/2 week low; fund outflows cloud sentiment

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold recovered from early losses on Tuesday as the dollar gave back some gains, but sentiment among investors continued to be fragile on further outflows from bullion-backed funds. Geopolitical tensions in Ukraine failed to lift gold’s safe-haven appeal, underscoring bearish sentiment in the market. Spot gold rose 0.1 percent [...]

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Canadian gold mining's bidding war shows appeal of buy over build

A takeover battle for Canada’s Osisko Mining Corp , involving three of the world’s top gold producers, is more than just a testament to the quality of the company’s low-cost mine, it also spotlights a shortage of top-class gold assets in politically stable areas of the world. The struggle between Goldcorp Inc and deal partners [...]

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Gold falls to 2-1/2-week low in thin trade; fund outflows weigh

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world’s biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar. Spot gold fell to a two-and-a-half-week low of $1,281.40, before pruning the losses to trade down 0.6 percent at [...]

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Gold falls to 2-1/2 week low in thin trade

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world’s biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar. Spot gold fell to a two-and-a-half-week low of $1,281.40, before pruning the losses to trade down 0.6 percent at [...]

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Deadline lapses in Peru for illegal gold miners

LIMA, Peru (AP) — The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated rivers. The government’s vow to enforce a ban on illegal mining is raising fears of bloody confrontations.

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Gold Prices to Drop Further Next Week

Gold prices are set to drop next week with the precious metal expected to log further losses following this week’s selloff. As many as 12 of 21 analysts polled in a Kitco Gold Survey said they expected gold prices to drop next week, while seven predicted that prices would rise and two forecast prices to [...]

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Gold dives 2 pct on heavy stop-loss orders, technicals

By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) – Gold tumbled about 2 percent on Tuesday on heavy stop-loss orders placed by momentum traders as prices broke below the key 200-day moving average. Silver and platinum group metals also sold off after Monday’s rally across the board. In the 10 minutes between 8:20 a.m. [...]

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Chinese gold demand may rise 20% by 2017: industry body

London (AFP) – China’s annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday.

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PRECIOUS-Gold rises on renewed Ukraine tension, palladium jumps

* Separatist unrest spreads in Ukraine, boosting gold * U.S. prepared to step up sanctions against Russia * Palladium above $800/oz on supply sanctions fears * Coming up: U.S. consumer price index Tuesday (Adds comment, second byline, dateline, updates market activities) By Frank Tang and Clara Denina NEW YORK/LONDON, April 14 (Reuters) – Gold rose [...]

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