Economy

xchrom

(108,903 posts)

48. PRECIOUS-Gold hits 6-week high as euro gains

Mon Jan 23, 2012, 11:06 AM

Jan 2012

http://uk.reuters.com/article/2012/01/23/markets-precious-idUKL4E8CN54M20120123

LONDON, Jan 23 (Reuters) - Gold hit a six-week high on Monday as the euro recovered against the dollar and other commodities climbed, with confidence in the precious metal rising after it recorded three straight weeks of gains for the first time since November.

Gold prices were up 7.1 percent since the end of December, but analysts warned the metal could lose traction if more bad news on the euro zone knocks the euro lower versus the dollar.

Spot gold was up 1.0 percent at $1,674.30 an ounce at 1255 GMT, having earlier hit a high of $1,677.10. U.S. gold futures for February delivery were up $11.3 an ounce at $1,675.40.

&quot

Gold) is going up as a commodity at the moment," said Simon Weeks, head of precious metals at the Bank of Nova Scotia. "Commodities have had a good start to the year, full stop."

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

109 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Monday, 23 January 2012 [View all] Tansy_Gold Jan 2012 OP

Okay, folks, take it away! Tansy_Gold Jan 2012 #1

IT's 4 AM and I've Been Wakened by a Thunderstorm Demeter Jan 2012 #3

Oh, Joy. State of Union Lies on Tuesday Demeter Jan 2012 #5

Crazy weather! 20 degrees yesterday and ice, 50 this morning and lots of rain DemReadingDU Jan 2012 #25

I thought that was an old photo with too much snow on the peak... rfranklin Jan 2012 #37

Damned miserable upper 70's here. Fuddnik Jan 2012 #44

Very lovely! DemReadingDU Jan 2012 #24

Good luck w/ the show! Loge23 Jan 2012 #33

America overcomes the debt crisis as Britain sinks deeper into the swamp FarCenter Jan 2012 #2

Don't You Believe It Demeter Jan 2012 #4

But, how much deleveraging of personal debt is due Po_d Mainiac Jan 2012 #46

Some, but not a lot FarCenter Jan 2012 #54

It's gonna get worse than that. Fuddnik Jan 2012 #64

Romney forced to reveal tax returns Demeter Jan 2012 #6

Paris and Berlin seek to dilute bank rules Demeter Jan 2012 #7

Obama launches middle-class offensive Demeter Jan 2012 #8

I thought he did that four years ago. (Cue Yogi) Tansy_Gold Jan 2012 #26

Much cleaner and politer than I could have done Demeter Jan 2012 #38

Well, I hate the Yankees Tansy_Gold Jan 2012 #40

I live about 10 minutes from Steinbrenners grave. Fuddnik Jan 2012 #59

Croatians set to back EU membership Demeter Jan 2012 #9

Hollande hits at his �true adversary� Demeter Jan 2012 #10

Covered bond sales soar amid January flurry Demeter Jan 2012 #11

Stanford due in court for fraud trial Demeter Jan 2012 #12

Barnier urges Cameron and City to �play the game� Demeter Jan 2012 #13

Bankers decry Fed's secrecy in Maiden Lane auction Demeter Jan 2012 #14

Can you say 'Red Roof Inn'? n/t Po_d Mainiac Jan 2012 #34

Hollywood regroups after losing battle over anti-piracy bills Demeter Jan 2012 #15

Did the Feds Just Kill the Cloud Storage Model? By Washington�s Blog Demeter Jan 2012 #16

FROM the good folk at piratebay.org Demeter Jan 2012 #18

It hurts US Cloud outfits. Megaupload employed a server farm on US territory. Ghost Dog Jan 2012 #50

As the Accounting Crowd Says Demeter Jan 2012 #69

Advisors Feast on the Lehman Carcass: Bankruptcy on its Way to $2 Billion in Fees Demeter Jan 2012 #17

Slapping the little guys back into line Demeter Jan 2012 #19

7 signs the corporatocracy is losing its legitimacy ... and 7 populist tools to help shut it down. Demeter Jan 2012 #20

Afternoon Marketeers..... AnneD Jan 2012 #89

Are you inviting Marketeers, or Davos Attendees? Demeter Jan 2012 #92

The Davos Attendees of course... AnneD Jan 2012 #100

Okay, A wink is as Good as a Nod Demeter Jan 2012 #103

Matt Stoller: Fed Transcripts � Why Was Congress in the Dark During the Crafting of Dodd-Frank? Demeter Jan 2012 #21

I don't think they're out of touch with reality. Tansy_Gold Jan 2012 #102

Thanks to a new tool from the EPA, you can see how close you live to the country's biggest polluters Demeter Jan 2012 #22

Constitutional Amendment Not Needed: Congress Already Has a Remedy Demeter Jan 2012 #23

1/16/12 Jon Stewart - Fear Factory DemReadingDU Jan 2012 #27

Okay, after watching Jon Stewart, I came to this analysis -- Tansy_Gold Jan 2012 #32

Yes! The manufacturers need to produce in this country again DemReadingDU Jan 2012 #36

Here's a post I found elsewhere. on just what we're competing against. Fuddnik Jan 2012 #43

Reminds me of the cartoon right after Jobs died Tansy_Gold Jan 2012 #45

Alright. Ghost Dog Jan 2012 #52

Ooooohh! That's too good. Fuddnik Jan 2012 #53

There is a God! Demeter Jan 2012 #71

This Article Explains Why Apple Makes iPhones In China And Why The US Is Screwed FarCenter Jan 2012 #60

And none of this is possible here or anywhere else? Tansy_Gold Jan 2012 #61

Translation: If everyone was a slave, we'd all be rich! Fuddnik Jan 2012 #65

got it in one bread_and_roses Jan 2012 #70

It's not possible in the US without a really huge investment to reestablish whole supply chains FarCenter Jan 2012 #67

If China could do it in, what, 20 years Tansy_Gold Jan 2012 #79

The US has a long way to go to develop leadership as effective as China's FarCenter Jan 2012 #87

That's NOT Leadership Demeter Jan 2012 #94

AMEN AND AWOMEN Demeter Jan 2012 #93

Apple Makes More Money Per Employee Than Exxon And Google FarCenter Jan 2012 #68

Inconceivable! Demeter Jan 2012 #72

Link to the MSNBC story (actually from NY Times) - Read it and weep. FarCenter Jan 2012 #76

Ridiculous saedi1995 Jan 2012 #88

Ridiculous, but it is what it is, today Demeter Jan 2012 #95

Yes, it was, prior to the Wagner Act of 1934 happyslug Jan 2012 #107

But the US had a thriving consumer manufacturing base AFTER the 1930s Tansy_Gold Jan 2012 #108

And so will China, once it stops these practices happyslug Jan 2012 #109

Apple's Foreign Suppliers Demonstrate Widespread Scamming and Horrific Abuse of Employees Demeter Jan 2012 #85

I come not to praise Steve Jobs, but to BURY Him Demeter Jan 2012 #86

Not to excuse Jobs, but I don't think Apple has much control over its manufacturers FarCenter Jan 2012 #98

It's called the "Bad Money Doctrine" by Kevin Phillips. Fuddnik Jan 2012 #90

Jeez, and I thought I was only one w/o an Apple product! Loge23 Jan 2012 #97

I've got an iPod. But it was an xmas gift. Fuddnik Jan 2012 #101

and that's great! Loge23 Jan 2012 #104

I didn't even know what to do with the thing when I got it. Fuddnik Jan 2012 #105

I couldn't figure out how to use iPod for podcasts DemReadingDU Jan 2012 #106

it's morning. xchrom Jan 2012 #28

Eurozone crisis live: Lagarde urges Europe to boost its rescue fund xchrom Jan 2012 #29

"It's not a default unless we say it is" Demeter Jan 2012 #39

... xchrom Jan 2012 #41

Karl Denninger: You cannot solve a debt problem with more debt. DemReadingDU Jan 2012 #51

i'm not as smart as denninger -- and i keep wondering the same thing. xchrom Jan 2012 #57

Jubilee, or Revolution, or Default Demeter Jan 2012 #73

Europe: They Are Actually Going To Let Greece Default? (VGK, EWG, EWI, FXE, IEV, EPV, EUO) Demeter Jan 2012 #77

The Debt Supercycle Reaches Its Final Chapter BY JAMES J PUPLAVA CFP Demeter Jan 2012 #78

World Bank; Warning Signs That We Should Prepare For The Worst Demeter Jan 2012 #80

+1 xchrom Jan 2012 #83

Pay freeze to last until 2020 for millions {uk} xchrom Jan 2012 #30

The Guardian is going to have to change its "Eurozone crisis live" line to Ghost Dog Jan 2012 #55

+1 xchrom Jan 2012 #56

Rethinking capitalism in a spivs' paradise xchrom Jan 2012 #31

Europe will be leading in this direction. Ghost Dog Jan 2012 #58

Boom time in Beijing xchrom Jan 2012 #35

Is Our Economy Healing? By PAUL KRUGMAN Demeter Jan 2012 #42

Davos man weighs future of capitalism xchrom Jan 2012 #47

PRECIOUS-Gold hits 6-week high as euro gains xchrom Jan 2012 #48

New Iran sanctions most threaten non-U.S. banks xchrom Jan 2012 #49

Bank of Spain predicts deep recession this year xchrom Jan 2012 #62

Spain will meet its deficit target, says deputy PM xchrom Jan 2012 #63

Sheikhs fall in love with renminbi xchrom Jan 2012 #66

We should demand Truth in Advertising Demeter Jan 2012 #74

Democrats will deliver recall petitions at 3 p.m. today: Wisconsin News Demeter Jan 2012 #75

Scotland Well on the Way to Achieving 100% Renewable Energy by 2020 Demeter Jan 2012 #81

Well, if'in that doesn't.... AnneD Jan 2012 #91

It's happening here in west Texas. mbperrin Jan 2012 #99

Moody�s: Here are the U.S. Banks Most Exposed to Euro Crisis Demeter Jan 2012 #82

Ever notice how Citi is always at the top of every implosion? Fuddnik Jan 2012 #96

Foreclosure Auctions Show Raw Form of Capitalism Demeter Jan 2012 #84