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. [...]

Posted in Gold | Comments Off

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.

Posted in Gold | Comments Off

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 [...]

Posted in Gold | Comments Off

Gold holds near three-week high on Ukraine tensions

Gold was trading near its highest in three weeks on Tuesday as heightened tensions between the West and Russia over Ukraine lifted the metal’s safe-haven appeal. Palladium continued to hold near its highest since August 2011 on worries over supply constrains from Russia and South Africa, the top two producers of the metal. * Palladium [...]

Posted in Gold | Comments Off

PRECIOUS-Gold up as Ukraine tensions saps risk appetite, palladium rises

* Sell-off in European shares continues * U.S. prepared to step up sanctions against Russia * Palladium above $800/oz on supply sanctions fears (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, April 14 (Reuters) – Gold jumped to a three-week high on Monday as mounting tensions in Ukraine curbed investor appetite for risk, [...]

Posted in Gold | Comments Off

Gold rush threatens West Africa's cocoa future

By Joe Bavier and Loucoumane Coulibaly YOHO Ivory Coast (Reuters) – A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakeable traces of gold dust. And as the story repeats across the [...]

Posted in Gold | Comments Off

Gold rush threatens West Africa's cocoa future

By Joe Bavier and Loucoumane Coulibaly YOHO, Ivory Coast (Reuters) – A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakable traces of gold dust. And as the story repeats across the [...]

Posted in Gold | Comments Off

Gold at three-week high on Ukraine tensions

SINGAPORE (Reuters) – Gold jumped to a three-week high on Monday as mounting geopolitical tensions in Ukraine curbed investor appetite for risk, sending equities lower and boosting bullion’s safe-haven appeal. Palladium gained for a fifth straight session to its highest since August 2011 on growing worries about supply from top two producers, Russia and South [...]

Posted in Gold | Comments Off

Gold rush threatens West Africa's cocoa future

By Joe Bavier and Loucoumane Coulibaly YOHO, Ivory Coast (Reuters) – A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakable traces of gold dust. And as the story repeats across the [...]

Posted in Gold | Comments Off

Gold rush threatens West Africa's cocoa future

By Joe Bavier and Loucoumane Coulibaly YOHO, Ivory Coast (Reuters) – A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakable traces of gold dust. And as the story repeats across the [...]

Posted in Gold | Comments Off