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Gold falls 1 pct as worries over Spain intensify

By Jan Harvey / Reuters LONDON: Gold prices fell 1 percent on Monday, extending the previous session’s losses, as concerns intensified over the outlook for Spain ahead of a bond auction this week, denting appetite for assets seen as higher risk and hurting the euro. Fears about Spain’s ability to keep its finances under control sent …


Gold eases towards $1,670/oz as dollar recovers

By Jan Harvey / Reuters LONDON: Gold eased towards $1,670 an ounce on Friday, pausing in its biggest one-week rally since late February, as the dollar recovered lost ground against the euro on concerns over Spain’s financial health and after Chinese growth data missed forecasts. Spot gold was down 0.1 percent at $1,672.80 an ounce at …


Gold steadies as debt crisis looms over euro

By Amanda Cooper / Reuters LONDON: Gold steadied on Wednesday, after rising for four days straight, as the intensifying euro zone debt crisis threatened to undermine the euro and offset any potential safe-haven demand for the metal. The euro rose on Wednesday but has come under pressure in the past week as the debt crisis has …


Gold slips as euro zone worries lift dollar

By Jan Harvey / Reuters LONDON: Gold slipped on Monday as concerns over Greece’s progress on completing a debt restructuring deal and poor euro zone data lifted the dollar versus the euro, and as appetite for assets seen as higher risk, like commodities, suffered after China set its lowest annual growth target in eight years. Spot …


Gold firms with euro, stocks ahead of ECB financing

By Jan Harvey / Reuters LONDON: Gold prices rose towards $1,780 an ounce on Tuesday, benefiting from gains in the euro ahead of an expected injection of cheap money from the European Central Bank this week, which is lifting appetite for assets seen as higher risk. Spot gold was up 0.6 percent at $1,777.54 an ounce …


Gold eases as euro dips, heads for weekly gain

LONDON: Gold eased on Friday, taking a breather from this week’s march higher as the euro dipped and other assets rose, but stayed on track for its biggest two-week rise in two months as investors returned to the market after last month’s price drop. Spot gold was down 0.5 percent at $1,641.59 an ounce at …


Gold jumps after preliminary EU deal on Iran oil ban

LONDON: Gold was set for its strongest two-day rally in 2-1/2 months on Wednesday after an agreement in principle among European leaders to ban Iranian oil imports boosted the crude price and catapulted bullion to two-week highs. European Union governments reached a preliminary agreement to ban imports of Iranian crude but have yet to decide …


Gold hovers near two-month lows as euro struggles

LONDON: Gold steadied on Wednesday, after having neared two-month lows the day before in its largest monthly slide since September, prompted by the dollar’s rise against the euro to 11-month highs as the European debt crisis roars on. Gold has lost about 6 percent in value so far this month, making it its weakest December …


Gold rises but set for worst month in nearly 3 years

LONDON: Gold rose more than 1 percent on Friday but was on track for its biggest quarterly gain this year as concerns that the euro zone debt crisis was far from resolved weighed on stock markets and the euro, lifting interest in bullion as an alternative. The metal is set to end September with a …


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