GOLD REPORT

Gold rallies on a surge of US jobless claims

GOLD futures this week have been volatile, dropping US$82 an ounce early in the week and then recovering US$46 (at the time of writing). Prices collapsed after being weighed down by a surge in the equity market and strength in the US dollar. The slightly-better-than-expected economic data out of...

GOLD REPORT

Gold rallies on stimulus hopes and supply squeeze

GOLD this week rallied 16 per cent after the sell-off last week. The global equity meltdown and treasury yields hitting all-time lows had many investors liquidating long gold positions to meet margin calls. Gold rallied off last week's low when the US Federal Reserve announced a string of...