Gold, silver fall on weak U.S. data; QE2 eyed

Gold and silver fell on Thursday, as weak U.S. housing and manufacturing data and uncertainty about the end of the Federal Reserve’s bond-buying program dragged down commodities across the board.

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The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.

Reuters | November 17, 2024 | 3:34 pm

Gold loses some luster after Trump’s decisive win

Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.

Bloomberg News | November 17, 2024 | 9:07 am

Hedge funds slash bullish wagers on gold over Trump election win

Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.

Bloomberg News | November 15, 2024 | 2:29 pm

Ecuador court gives green light for Silvercorp, Salazar’s El Domo project

The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.

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Gold, silver fall on weak U.S. data; QE2 eyed

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Gold, silver fall on weak U.S. data; QE2 eyed

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