Gold rises on oil, platinum awaits Johnson Matthey

reuters.com     May 16, 2008            

By Lewa Pardomuan LONDON (Reuters) - Gold rose on Friday, buoyed by firm oil prices, but investors were careful about taking large positions ahead of a raft of U.S. data, which may set the direction for the dollar and precious metals. Platinum was also firmer amid speculation precious metals... [read full story]                

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Gold edges down in Asia as oil retreats

reuters.com     May 15, 2008          

TOKYO (Reuters) - Gold inched lower on Thursday, dented by weaker crude oil, but held off a one-week trough below $860 an ounce marked the previous day. Spot gold was at $862.90/863.90 an ounce as of 0333 GMT, slightly lower than $865.05/866.25 in late New York trade on Wednesday, when it touched...                

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Gold flat after weaker dollar helps reverse fall

reuters.com     May 15, 2008          

By Risa Maeda TOKYO (Reuters) - Gold was little changed on Thursday after light buying on a weakening dollar in late Asian trade helped reverse an earlier decline towards $860. But trade was slow due to a dearth of fresh news. Underlining a lack of market direction, gold has been stuck in an...                

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Gold steadies as oil recovers, platinum choppy

reuters.com     May 15, 2008          

By Lewa Pardomuan LONDON (Reuters) - Spot gold was at $866.00/867.00 an ounce, steady from $865.05/866.25 an ounce in late New York on Wednesday when it touched a one-week low of $859.30 on a firmer U.S. dollar. A combination of profit taking and a recovery in the dollar against other currencies...                

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Gold jumps 2 percent on surging oil

reuters.com     May 15, 2008          

By Lewa Pardomuan LONDON (Reuters) - Gold jumped more than 2 percent on Thursday as investor buying picked up while oil surged and the dollar weakened against the euro, boosting the metal's appeal as an alternative investment and as an inflation hedge. Spot gold hit a high of $887.50 an ounce, up...                

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Gold edges down in Asia as oil in correction mode

reuters.com     May 16, 2008          

TOKYO (Reuters) - Gold edged down on Friday, taking a cue from oil's consolidation since hitting a record high earlier this week, while the dollar fell only slightly against the yen after Japan's growth data came stronger than expected. * Spot gold was at $880.55/881.50 an ounce as of 0047 GMT...                

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Gold edges up in Asia as dollar falls

reuters.com     May 16, 2008          

By Risa Maeda TOKYO (Reuters) - Underlining a fall in investor appetite in the gold market, gold holdings in the world's largest exchange-traded fund (ETF) for bullion, StreetTRACKS Gold Shares, fell slightly after hitting a peak last week. They also buy stocks, but not the other commodities,"...                

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Gold breaches $900 to touch three-week high

gulfnews.com     May 17, 2008          

London: Gold jumped to its highest level in three weeks above $900 an ounce on Friday after oil struck another record and the dollar dropped against the euro. Platinum also rallied ahead of the release of a report on the supply and demand outlook from refiner Johnson Matthey. Spot gold hit a high...                

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