Gold Silver Reports → Gold rebounded the biggest drop in almost seven months as a stock-market rally ran out of steam, while Goldman Sachs Group Inc. said the metal’s surge to a one-year high last week wasn’t justified.
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Bullion is Seen Dropping to $1000 in 12 Months, Bank Says
Gold Silver Reports → Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day.
U.S. Crudeoil Prices Big Jumps Back above $30 a Barrel
Gold Silver Reports → U.S. crudeoil prices big jumps back above $30 a barrel on Tuesday as news of a rare private meeting of top officials from the world’s biggest oil producers spurred speculation of an eventual deal to tackle a deep supply glut.
European Stocks Rebound 3 pct, Dragging Gold Lower
Gold Silver Reports → Gold fell more than 2 percent on Monday as a rebound in stock markets pointed to a sharper appetite for risk, pulling down prices further from last week’s one-year high.
Copper and Nickel surged, China Markets Reopened after Long Holiday
Gold Silver Reports → London copper and nickel surged on Monday, after China markets reopened following a week-long holiday and investors stocked up on the most heavily sold down metals.
Bullion Immediate Slip as Much as 1.3 Percent to $1,221.91
Gold Silver Reports → Gold’s rally faltered, with bullion set for the first back-to-back daily loss in a month, as rising share markets and a firmer yuan sapped demand for haven assets.
