Gold demand hits eight-year low: industry body

London (AFP) - Gold demand slumped 14 percent in the first half of 2017 to hit the lowest level in eight years as US traders exited the haven investment, the World Gold Council said Thursday. Global demand dropped to 2,004 tonnes in the first six months of the year compared with the first half of 2016, the WGC said in its latest quarterly report. "The last time H1 demand was lower... was in 2009" when it totalled 1,853 tonnes, a spokeswoman confirmed to AFP. Most of the drop in demand came ...
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Stronger US Dollar Could Be a Concern for Oil Longs

By Robert Scott Crude oil and the US Dollar Index US crude oil (USO) (USL) (OIIL) (SCO) futures contracts for February delivery fell ~2.9% between December 27, 2016, and January 3, 2017. The US dollar (UUP) (USDU) rose ~0.2% during that period. In the past four trading sessions, crude oil and the US Dollar Index moved in opposite directions in one instance. However, the correlation between crude oil and the US dollar in the past four trading sessions was about -69.3%. It shows t...
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7 Common Factors That Influence Gold Prices

Sean Williams (TMFUltraLong) Oct 13, 2016 at 9:50AM IMAGE SOURCE: GETTY IMAGES. It's been a wild year for stocks, but it's been nothing short of an exceptional year for physical gold and gold investors. Gold began the year at $1,060.80 an ounce, and it was mired in a multi-year downtrend that had seen the lustrous yellow metal lose about $850 an ounce from its all-time high. Pessimism abounded throughout the gold industry as miners were seemingly more likely to be writ...
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