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Silver Futures

Gold and Silver Futures up while US equities lower

Gold futures rose, snapping the longest slump in almost nine months, after U.S. equities dropped for the first time in four sessions. The Standard & Poor’s 500 Index of stocks fell as much as 0.3 percent. Gold slumped 28 percent last year as equities rallied to a record amid expectations

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CME Group Considering Gold, Silver Futures Daily-Trading Limits

CME Group Inc, the world’s largest futures market, is considering adding price limits for daily trading in gold and silver to help curb volatility. “Last year was crazy, and then we said we have to do something,” Miguel Vias, the director of metals products at CME, said in a telephone

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Longest Slump in Silver Futures in 13 years

Silver futures posted the longest slump in 13 years and gold dropped to a six-week low as signs of an improving US economy cut demand for haven assets. After a surprise rally drove silver and gold prices as much as 16 percent higher in 2014, investors are back to shunning the

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Gold Futures and Silver Futures technical update

Gold futures prices were ending the US day session slightly higher Thursday, while the spot (cash) gold market was near steady at the Comex close. The precious metals bulls are awaiting fresh, positive fundamental news, which has been scarce this week and which has allowed gold prices to drift to

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Gold Futures likely supported around $1195

Gold futures edged higher in quiet holiday trading on Friday, as a broadly weaker U.S. dollar boosted the appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery inched up 0.14% on Friday to settle the week at USD 1,214.00

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Silver Futures Rally 3 Percent to Hit 2-month High

Silver futures rallied 3 percent to hit the highest level since mid-June on Monday, as investors’ awaited a report on U.S. retail sales on Tuesday, a data point that will be scrutinized for its potential impact on the Federal Reserve’s monetary policy stance. Investors have closely been looking out for

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Gold Rises, Snaps Longest Slump in 11 Weeks on Dollar

Gold futures rose, snapping the longest slump in 11 weeks, as the dollar’s decline increased demand for the metal as an alternative investment. The Bloomberg Dollar Index slid 0.3 percent, heading for the longest slide in seven weeks against a basket of 10 currencies. Gold has tumbled 23 percent this

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Silver Future Edge Lower As Uncertain Stimulus Outlook Weighs

Silver futures edged lower in range-bound trade on Thursday, amid speculation central banks around the world will refrain from adding more economic stimulus. Silver, like gold, can benefit from such an environment of easy money because of expectations that ample liquidity would put a damper on the value of paper

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Gold Production May Plunge After Price Fall

Gold fell $13.80 or 0.98% yesterday to $1,398.20/oz and silver slid to $22.28 and lost 0.92%. Gold rebounded to trade above $1,400/oz this morning as the dollar and equities retreated, increasing demand for the yellow metal as a safe haven and store of value. The Shanghai Futures Exchange has cut its

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Silver Slump Lures Buyers, Wait Time Rises in Singapore

The slump in silver this month has spurred demand for products from Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, depleting inventories and doubling delivery times. Holdings of bars fell to just 54 ounces from 60,000 ounces two and a half weeks ago,

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“More and More Capital is Going to Move into Gold”

The recent strength in precious metals continued on Thursday, as gold reached a one-month high.  COMEX gold futures for February climbed on Thursday by $7.60, or 0.5%, to $1,690.80 per ounce – their highest closing level since December 17th. Silver futures advanced as well, with the COMEX March contract settling

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Precious Metals Hold Gains, XAU Pares Losses

Gold futures snapped their three-session losing streak on Tuesday amid strong gains in several precious metals. COMEX gold for February delivery settled higher by $15.90, or 1.0%, at $1,662.20 per ounce, just a fraction below its intra-day high.  Silver futures for March delivery at the COMEX ended up by $0.38,

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Precious Metals Tumble, Fed Minutes Mull QE4 Longevity

Gold and silver futures remained firmly in negative territory Thursday after the latest Federal Reserve minutes revealed that several of its members would like the central bank to halt its fourth round of quantitative easing (QE4) sometime in the next year. COMEX gold futures settled down by $14.20, or 0.8%,

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Precious Metals Sink, XAU Drops 3.0%

Gold and silver futures remained firmly in negative territory Tuesday afternoon amid broad-based liquidation in the commodities complex and a rally in the U.S. dollar. COMEX gold for December delivery settled down by $16.90, or 1.0%, at $1,709.40 per ounce – its lowest closing level since September 6th.  COMEX silver

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Precious Metals Mixed, Gold, Silver Shares Retreat

Gold and silver futures oscillated between gains and losses on Wednesday amid a relatively quiet day in the precious metals complex. Gold for December delivery remained up by $4.50, or 0.3%, at $1,780.10 per ounce in afternoon trading, while silver for December delivery dipped by $0.05, or 0.1%, to $34.62

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