Gold Seeks Fresh Start For Second Quarter

chart - marketoracle.co.uk

(Kitco News) - The second quarter kicks off next week, but the outlook for gold is expected to remain not much different than what is currently influencing the metal: underlying support from concerns in the eurozone and loose monetary policy, but not enough to push the metal into a new price range.

See Higher Prices Next Week ~ Majority Gold Surveys

Higher prices are expected by a majority of participants in the weekly Kitco News Gold Survey, as the lingering eurozone worries and demand for gold at under $1,600 an ounce is expected to keep the market lifted.

In the Kitco News Gold Survey, out of 34 participants, 27 responded this week. Of those 27 participants, 17 see prices up, while six see prices down, and four see prices moving sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

China Gold Reports Tibet Landslide; 83 Trapped

VANCOUVER, March 30, 2013 /CNW/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") announced that a landslide occurred at Jiama Mine's exploration area, a mine operated by Tibet Huatailong Mining Development Ltd., the wholly-owned subsidiary of China Gold International Resources Corp. Ltd. 

Easter Holidays - No Significant Capital Flows Into Gold

GoldCore offices are closed this Friday and Monday, March 29th and April 1st, for the Irish national holidays of Easter.  

Today’s AM fix was USD 1,602.50, EUR 1,253.13 and GBP 1,057.41 per ounce. Yesterday’s AM fix was USD 1,591.00, EUR 1,243.75 and GBP 1,052.39 per ounce.

Gold Survey

Solid Majority Of Survey Participants See Higher Gold Prices Next Week
Friday March 22, 2013 12:08 PM

Gold prices are expected to climb next week, with expectations that the yellow metal may catch a bid as the situation regarding a possible bailout for Cyprus could attract safe-haven buying.

In the Kitco News Gold Survey, out of 33 participants, 28 responded this week. Of those 28 participants, 22 see prices up, while four see prices down, and two are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.