March 21st, 2012 13:58:12 GMT

UK has no plans to increase gold reserves

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The UK Treasury is clarifying Osborne’s comments, which hinted at gold buying. Next, we wait for verdicts from the ratings agencies but it’s hard to imagine there will be any quibbles.

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March 16th, 2012 11:27:30 GMT

Gold’s rally starting to fizzle out

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Been down to 1646 recently, after the Asian session failed to take out yesterday’s NY highs of 1666.70. It’s been a bit one way this morning in Europe and Gold’s heading down to nearby supports at 1636.25 and 1634.60. Below … Continue reading

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March 15th, 2012 16:56:00 GMT

Gold pops on dollar selling

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Quick run-up to $1655 from $1650. AUD/USD nearing the weekly highs. A close above 1.0557 would also create an outside bullish reversal on the daily chart (spot at 1.0546).

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March 14th, 2012 01:16:06 GMT

Around the markets: Nikkei +2%

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Other regional bourses are over 1% higher as well, all of which is encouraging the USD/JPY bulls to keep on buying. Gold is trading at $1677/oz after a hefty fall post-Fed and Oil is at $106.50, unchanged from yesterday.

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