CNBC Utilities Page Gold Overview


  • Gold Bounces From 1-Week Low to End at $1,564 Thursday, 11 Apr 2013 | 12:01 PM ET

    Gold bounced back from a one-week low hit in earlier trade to end at $1,564 per ounce, as a weak dollar prompted buyers to pick up bargains, although analysts expect the rebound will be short-lived.

  • Cyprus to Liquidate Most of Its Gold Reserves Wednesday, 10 Apr 2013 | 2:55 PM ET

    Cyprus plans to sell 400 million euros' worth of reserves to finance part of its bailout, according to European Commission documents. The move marks the biggest euro zone bullion sale in four years.

  • Gold Prices Rise on Volatile Currency Moves Tuesday, 9 Apr 2013 | 4:32 PM ET

    Gold rose on Tuesday as volatility in the currency market triggered by Japan's aggressive monetary easing plan lifted bullion's appeal as a hedge against inflation and currency fluctuations.

  • Gold Slides as Stocks and Dollar Rise Monday, 8 Apr 2013 | 3:57 PM ET
    Pro: Why Gold's Headed Lower

    Gold fell on Monday as a stronger performance in U.S. equities and a dollar rise prompted investors to take profits after its rally in the previous session.

  • The ‘Sneaky Bid’ in Gold and Silver

    Gold rallied over 1.5 percent, its biggest one-day gain since November, as disappointing U.S. job data fueled expectations the Federal Reserve will continue its bullion-friendly bond purchases.

  • Gold Ends Lower for Third Day Despite Stimulus Hopes Thursday, 4 Apr 2013 | 2:51 PM ET

    Gold settled lower for a third session on Thursday, as hopes of another interest rate cut by the ECB and new monetary stimulus offered by the Bank of Japan failed to stem heavy selling of bullion by funds.

  • Gold Ends Lower as Stock Markets Retreat Wednesday, 3 Apr 2013 | 2:25 PM ET

    Gold ended lower after earlier tumbling to a nine-month low near $1,550 an ounce as deepening losses in crude oil and equities triggered a sell-off of commodities.

  • Gold Settles Lower at $1,575 on Wall Street Gains Tuesday, 2 Apr 2013 | 3:33 PM ET

    Gold fell 1.5 percent, its biggest one-day drop in more than a month, as economic optimism lifted U.S. equities to near a record high and weakened bullion's safe-haven appeal.

  • Gold Ended Up on Mixed US Data in Holiday Trade Monday, 1 Apr 2013 | 3:24 PM ET

    Gold settled higher in light holiday trade, as the market digested U.S. manufacturing and construction reports that painted a mixed picture of the economy ahead of the all-important nonfarm payrolls report later in the week.

  • Gold Settles Down as Calm in Cyprus Saps Interest Thursday, 28 Mar 2013 | 2:55 PM ET
    Why Gold Will Rally

    Gold settled below $1,600 an ounce, as banks reopened in Cyprus for the first time in two weeks without signs of panic withdrawals, sapping demand for low-risk assets.

  • Gold Settles Up at $1,606 on Euro Zone Fears Wednesday, 27 Mar 2013 | 4:10 PM ET
    The ‘Sneaky Bid’ in Gold and Silver

    Gold rose 0.5 percent, snapping a three-day losing streak, as renewed euro zone worries and hopes the Federal Reserve will continue its loose monetary policy triggered bullion buying.

  • Gold Falls as Cyprus Fears Ease Tuesday, 26 Mar 2013 | 3:32 PM ET

    Gold fell for the third session in a row on Tuesday as relative calm returned to Europe and better U.S. data pointed to an improving economy.

  • Gold Pares Losses as Cyprus Momentum Slows Monday, 25 Mar 2013 | 2:35 PM ET

    Gold extended initial losses, hitting its lowest in ten days as investors unloaded safe-haven assets and sought equities after Cyprus struck a last-minute bailout deal with lenders.

  • Gold Down as Cyprus Fears Ease, Notches Weekly Gain Friday, 22 Mar 2013 | 3:55 PM ET

    Gold fell as investors took profits a day after the precious metal hit a one-month high, and safe-haven buying dried up as a deal between Greece and Cyprus eased fears of an escalating euro zone debt crisis.

  • Gold Hits Near 1-Month High on Cyprus Debt Fears Thursday, 21 Mar 2013 | 2:44 PM ET

    Gold rose to a near one-month high, as safe-haven buying emerged after the European Union gave Cyprus an ultimatum to raise billions of euros it needs to clinch a bailout deal or face a likely exit from the currency zone.

  • Gold Holds Losses After Fed Decision Wednesday, 20 Mar 2013 | 4:36 PM ET
    Pro: Why Gold's Headed Lower

    Gold slipped slightly in brisk trade on Wednesday after the U.S. Federal Reserve issued its latest policy statement, repeating its accommodative stance while extending it another two years, but gains in the euro provided support for the precious metal.

  • The ‘Sneaky Bid’ in Gold and Silver

    Gold reversed earlier losses, hitting a 2-1/2 week high above $1,615 an ounce on renewed flight-to-safety investment before an anticipated vote by the Cyprus parliament on a bailout plan.

  • Gold Settles Up at $1,604 on Cyprus Bailout Deal Monday, 18 Mar 2013 | 2:26 PM ET

    Gold extended earlier gains to hit its highest since late February, with some investors drawn to the precious metal's safe haven properties as a radical bailout package for Cyprus shook sentiment in the euro zone.

  • Gold Posts Second Weekly Gain Friday, 15 Mar 2013 | 4:22 PM ET

    Gold finished higher on Friday, marking its second straight weekly gain, as the euro firmed and stocks fell.

  • Gold Settles Up in League With Euro's Gains Thursday, 14 Mar 2013 | 2:17 PM ET

    Gold inched higher, recouping some earlier losses in line with a firmer euro and bouts of physical buying in some parts of Asia, although signs the U.S. economy is on a better footing were however curbing further gains.