April 30th, 2012 03:03:38 GMT

Around the markets: Stocks higher, Gold steady

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Japan, Vietnam and mainland China are closed today but shares in other centres are enjoying solid gains with HK +1% and both Australia and Korea +0.4%. Gold is steady at $1665/oz and WTI Oil is trading at $104.75/bbl.

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April 26th, 2012 12:42:04 GMT

Gold bugs want their QE

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Gold touches $1655, the highest in more than a week after the claims report. Expect resistance up to $1657 but a break higher could spark a rally to $1680. Many people thought the Easter holiday had skewed claims but that’s … Continue reading

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April 23rd, 2012 13:20:56 GMT

Beware of fresh lows in gold

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Political uncertainty tends to benefit gold but the French election and Dutch upheaval are giving a lift to the dollar with gold caught in the downdraft. Worries about liquidity at European banks may be prompting sellers. Gold has traded lower … Continue reading

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April 19th, 2012 13:19:43 GMT

QE3 talk helping gold

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The rally stalled out at resistance at $1650/54. I have a hard time seeing it get above those levels today unless the Philly Fed is terrible.

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April 17th, 2012 14:00:51 GMT

Gold slumps below $1640

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Falling rapidly after touching $1656/oz in early US trading. Modest USD strength is helping. I don’t see anything to like in the gold chart. It’s below all the major moving averages and there is a series of lower highs and … Continue reading

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