March
31
March
Gold bounces higher on steadier euro
31 March 2010 Ninemsn
Gold ticked higher on Wednesday after the euro steadied against the dollar but the metal remains prone to selling pressure on macro-economic worries, traders said.
31
March
Gold Extends Sixth Quarterly Advance as Physical Buyers Support
31 March 2010 Bloomberg.com
Gold advanced, extending its sixth quarterly increase, as the global economic recovery boosted physical demand for the precious metal. Bullion for immediate delivery rose as much as 0.5 percent to $1,109.25 an ounce, and traded at $1,108.85 at 3:17 p.m. in Singapore, up 1.1 percent this year. Holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, have increased 2.1 percent this month and stood at 1,129.82 metric tons yesterday, according to figures on the company’s Web site.
31
March
Commission-Based Sales To Be Banned
31 March 2010 The Motley Fool
One single factor has underpinned almost every mis-selling scandal over the last 25 years. It is the financial services industry's very own c-word, commission. But under new rules issued last week, commission will be banned for good by the Financial Services Authority from the end of 2012. Commission will be no more. It will cease to be. Happy now?
31
March
UK consumer confidence slips, fears grow over personal finances
31 March 2010 Yahoo News
UK consumer confidence slipped in March as Britons grew more worried about the economic outlook and the state of their finances, a survey showed on Wednesday. The GfK NOP consumer confidence index, produced for the European Commission, fell one point to -15 after two consecutive months of improvement. However it was still 15 points higher than the same month last year when the economy was deep in recession.
31
March
Some states face Greek-style debt woes
31 March 2010 The Globe and Mail
California, New York and other U.S. states are showing many of the same signs of debt overload that recently took Greece to the brink -- budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay.
30
March
Gold ends higher as dollar weakens
30 March 2010 MarketWatch
Gold futures rose Monday on dollar weakness, improved market sentiment, and expectations that Chinese demand for gold could double in the next 10 years. Gold for June delivery, the most actively traded contract, settled $6.10 higher, or 0.5%, at $1,111.50 an ounce by the close of floor trading in New York.
30
March
China's demand for gold 'will double'
30 March 2010 Yahoo News
Demand for gold from China will double within the next decade, according to a report from the World Gold Council. China's demand for gold in areas such as jewellery lags behind other countries, while its central bank holds less gold than other states as a percentage of total reserves, the WGC said.
30
March
Gold, precious metals rise on better risk appetite
30 March 2010 Reuters
Gold hit its highest in more than a week on Monday as risk appetite increased, while silver and platinum group metals also rose sharply as economic optimism boosted demand for industrial commodities.
30
March
China's gold rush 'will be stampede by 2020'
30 March 2010 Irish Independent
Chinese gold consumption will double over the next decade and rising demand could exhaust the nation's gold mining reserves by 2016, according to a report from the World Gold Council (WGC). Last year, China's gold consumption was worth more than $14bn (£9.3bn), equivalent to 11 per cent of global demand. The WGC is predicting that the country's demand will rise to $29bn by 2020.
30
March
Gold ticks higher on firm euro, ETF up
30 March 2010 Ninemsn
Gold inched up on Tuesday as the euro held firm against the dollar after debt-stricken Greece sold seven-year bonds, while better economic data from the U.S. helped boost sentiment in the precious metal.
29
March
Supply fears start to hit Treasuries
29 March 2010 The Financial Times
The bond vigilantes are finally flexing their muscles. A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June. For more than a year, analysts have been warning that record sized debt sales by the US Treasury were at odds with a 10-year yield sitting comfortably below 4 per cent. This week, the yield on 10-year notes jumped from 3.65 per cent to a peak of 3.92 per cent on Thursday. On Friday it was 3.87 per cent.
29
March
China Gold Demand May Double Within Decade, WGC Says
29 March 2010 Business Week
Gold consumption in China may double within the next 10 years, boosting prices as supplies fail to keep pace with booming demand from investors and the jewelry industry, the World Gold Council said. “China has an insatiable appetite for gold, which looks likely to continue in an environment where domestic mine supply lags behind demand,” the council said in a report today.
29
March
Gold rises to near two-week high on euro
29 March 2010 Ninemsn
Gold jumped to its highest in nearly two weeks on Monday as the euro extended gains after euro zone leaders agreed on a financial safety net for Greece.
26
March
Gold rises as euro bounces; physicals active
26 March 2010 Reuters
Gold gained half a percent on Friday after the euro rebounded from a 10-month low against the U.S. dollar, while steady purchases from jewellers in Asia offered additional support. Bullion has dropped more than $10 this week, mainly due to a rally in the dollar and uncertainty over a bailout package for debt-ridden Greece, but an increase in ETF holdings showed gold still attracted investors as currencies remained volatile.
26
March
Leaders agree €23bn rescue deal for Greece
26 March 2010 RTE Business
Euro zone leaders meeting in Brussels have backed a deal to provide €23bn in aid to help Greece tackle its debt crisis that has threatened the euro. The rescue package involves bilateral loans and money from the International Monetary Fund. The deal potentially draws to a close weeks of uncertainty caused by speculation on the currency markets.
26
March
Gold barely moved after volatile trade
26 March 2010 Reuters
Gold held near New York levels on Friday, with firm stock markets likely to help it resist selling pressure from a tumbling euro and weak oil.
26
March
US CFTC faces naysayers on metals trade limit idea
26 March 2010 Reuters
The top U.S. futures regulator heard objections on Thursday from exchanges and traders who said limiting metals speculation could irreparably harm markets, while some questioned whether the agency has the authority to impose such restrictions.
26
March
Trichet Calls IMF Aid to Greece ‘Very, Very Bad’
26 March 2010 Business Week
European Central Bank President Jean-Claude Trichet said aid for a euro-area nation from any outside organization, such as the International Monetary Fund, is “very, very bad.” The central banker’s comments, recorded earlier today, were broadcast shortly after aides to French President Nicolas Sarkozy and German Chancellor Angela Merkel told reporters in Brussels that they’d agreed on a framework to aid debt-stricken Greece.
25
March
Gold, Silver, Copper Trading Limits Weighed by U.S. Commodity Regulator
25 March 2010 Bloomberg.com
U.S. regulators are considering limits on how much of the market for metals including gold and copper that speculators can control after last year’s financial crisis spurred record swings in prices.
25
March
Explain why you sold Britain's gold, Gordon Brown told
25 March 2010 The Telegraph
The decision to sell the gold – taken by Mr Brown when he was Chancellor – is regarded as one of the Treasury's worst financial mistakes and has cost taxpayers almost £7 billion. Mr Brown and the Treasury have repeatedly refused to disclose information about the gold sale amid allegations that warnings were ignored.