Monday links: Gold ends lower on European elections

Gold ends lower on European elections (MarketWatch)

India Removes Excise Tax on Gold Jewelry (WSJ)

Warren Who? Gold Bugs Still Think They Have Right Idea (CNBC)

US consumers upped their borrowing in March (AP)

A post-elections reality check in the Eurozone (LA Times)

US Stocks Mixed After Post-Election Bounce (WSJ)

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Weekly Gold & Silver Market Recap for April 27, 2012

 

Questionable Economy?:

Gold prices finished Friday by hitting a two-week high.  Over the past month, the yellow metal has been steady between $1,610 and 1,680 per oz. The climb in price is a direct result of the worse-than-expected American economic forecast. However, Gold remains in the same range as it has been for the month. Commerzbank analyst Carsten Fritsch said, “At the end of the year, we expect Gold to resume its uptrend, but not before that. We expect this range in trading to continue.”  The thought of further economic stimulus in the United States is frightening to some, but may be needed to ensure a boost to the financial system. Unsatisfactory jobless claims reported Friday morning pushed the Gold price up and the U.S.A. dollar down, as they usually have a negative correlation with one another. James Cordier at OptionSellers.com said, “The job market is softening, and the Federal Reserve may be forced to look at some form of easing. Investors have started pricing that in.” Previous rounds of quantitative easing have been bullish for Gold Continue reading

Wednesday links: Gold flat after FOMC statement

Precious Metals

Gold Falls After Fed Offers No New Economic Steps (The Street)

Gold flat, tumbles then recovers after Fed (Reuters)

Gold Flat After No Surprise In Fed Statement (WSJ)

Gold buying up in India as Hindu festival starts (NY Daily News)

Markets/Economy

Stocks Rocket Higher After Apple Results Crush Forecasts (Fox Business)

The Fed’s Transparency Is Breeding Confusion (BusinessWeek)

Dollar Falls as Bernanke Says He’s Prepared to Add More Stimulus (Bloomberg)

Drop in U.S. Durables Orders Masks Investment Gain: Economy (Bloomberg)

UK economy in double-dip recession http://www.bbc.co.uk/news/business-17836624

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Tuesday Links: Gold rises

Precious Metals

Euro, stocks rise on earnings, solid debt sales (Reuters)

Mexico Raised Gold Reserves in March, IMF Data Shows (Bloomberg)

Prices, inflation dent gold demand on Akshaya Tritiya (Reuters)

Markets

US Stocks End Mostly Higher After Blue-Chip Earnings; Nasdaq Slumps (WSJ)

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Monday Links: Gold falls on worries over Europe and China

India Gold Demand to Pick Up (WSJ)

Gold At Two-Week Low, Silver Off 3.5% On EU Worry (WSJ)

Gold at two-week low on worries over Europe, China (MarketWatch)

Gold ends lower; silver leads loss, off 3.5% (MarketWatch)

Stocks end day down on China, Europe fears (CNN)

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