Gold Prices Falling

Anglo American (LON:AAL), Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) All Drop As Gold Prices Fall

Gold miners have been taking a hit today, especially right before noon, when traders tend to make their moves, and gold prices along with it. Anglo American (LON:AAL) (AAUKF:PK), Kinross Gold Corp (TSE:K) (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) all dropped in unison with gold prices during that time. Anglo American was down to 2,358.00 in London, shedding $115.50, or 4.67 percent, as of 11:35

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Gold Levels After Bank Stress Test Results Released

Gold futures and spot gold prices have held their own so far after the release of the stress test results of 91 banks, while the U.S. dollar rose against the euro immediately afterwards.Results found that of the 91 banks being tested, seven totally failed the test, and were found they couldn’t survive losses incurred from sovereign-bond holdings.Gold dropped right after the results came in, but

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Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) Crushed as Gold Demand Wanes

Gold companies continue to slide on the weakening demand for gold, and Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG) and Newmont Mining (NYSE:NEM) were all down in New York today as gold prices continue to drop.Spot gold was at $1,184.10 at 4:00 PM EDT, rebounding some after plunging earlier in the day, down about $8.90 at that time.Other than the usual downturn in gold during the summer months,

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Gold Declines on Euro, Inflation Speculation

Gold futures plunged to their lowest level in two weeks as traders speculate the gold and the euro have decoupled, and inflation may be under control for now, as economic weakness continues to hinder growth. The euro will finish higher for the third week in a row as the illusion the debt crisis in Europe isn’t a concern, mostly on the ability of Greece to sells bonds in the private market. As

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Gold Prices Fall Today on Stronger US Dollar Slowing Demand

A stronger US dollar has some investors looking to the greenback as an alternative place of safety rather than gold, and gold prices today have fallen by $11.60, to $1,199.80 an ounce, as of 12:20 PM EDT. The US dollar has risen today against a basket of six major currencies. Gold is holding better against foreign currencies today than it is against the US dollar, so some have recommended

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Gold Approaching Buying Opportunity Levels

Now that gold has taken a hit and seemed to have leveled off, it looks like it’ll be close to another buying opportunity, as we had to wait to see how far it would correct before rebounding. With none of the underlying fundamentals changing in any way, it’s only a matter of time before gold surges again. Even though summer is the typical slow season for gold, I don’t think that pattern is going

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Euro Rally Pressures Gold Prices Again

Gold futures look like they’ll fall for the third week in a row, as a rally in the euro has resulted in traders moving their money out of the yellow metal. There has been a furious effort by officials in the European Union to prop up the euro, and it is working at this time, even though there is little to justify the optimism some are putting in the failing currency. Just like his American

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Gold Prices Close Down Below $1,200 an Ounce

In somewhat of a past pattern, gold prices today have been moving downward, mostly on what is perceived as slowing demand in India. Recent lower gold prices has began to create demand in physical ownership in gold rather than investing in the yellow metal. Typically this part of the summer is considered a slow time for gold prices, and they usually will rebound later in the year. I don’t

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Barrick (NYSE:ABX), Newmont(NYSE:NEM), Goldcorp (NYSE:GG) All Down as Investors Move to Equities

Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM) and Goldcorp (NYSE:GG) are all down in today’s trading session as investors move their money into equities, hoping for what some believe will be a rally after stocks got pummeled last week. The three giant gold miners are participating in the drop in gold prices, with investors ignoring risk and safety today in hopes of making some quick gains.

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Gold Falls as Euro, Equities Strengthen

Gold futures dropped below the $1,200 an ounce mark early in the trading day, as the euro and equities strengthened. Investors aren’t as concerned about risk aversion today, the reason for the downward pressure on gold prices. Prices fell as low as $1,191.90 an ounce early in the trading session, as American returned from their long holiday weekend. The euro was the primary factor so far in

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