Gold Money

Gold’s Wall of Worry

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This week gold fell from a high of $1390, achieved late on Sunday night European time, to a low of $1322 last night before rallying $15 on London’s opening this morning.

Implications of the Ukrainian situation for gold

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There is a fascinating story from Robert Peston, the BBC’s business editor about his interview with Hank Paulson, who was the US treasury secretary at the time of the Lehman crisis.

Gold challenges $1350

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From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday.

China’s Gold Demand

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The China Gold Association this week released estimates for China’s “gold consumption” for 2013 at 1,176 tonnes.

Gold soars through $1300

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Gold has now rallied over 10% since December 31. This, in the words of one analyst who achieved widespread publicity was meant to be “a slam-dunk sell”.

Silver outperforming

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Since Monday financial markets have consolidated following the emerging market currency shocks of the previous week.

Emerging Markets, interest rates and tapering

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Thanks to the Fed’s tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to Indonesia.

Tapering Blues for Precious Metals

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The second tapering reduction, a further $10bn per month, was announced this week. It was we are told by the news channels fully expected.

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