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By: GoldSeek.com - 9 May, 2008
COT Gold, Silver and US Dollar Index Report - May 9, 2008 Full Story |
By: Peter A. Grant, USAGOLD - 9 May, 2008
Gold edged closer to the $900 level in earlier trading, but has since retreated into the range on news that the US trade deficit narrowed more than expected in March. Nonetheless, the recent gains are encouraging. A softer dollar tone and another round of new record highs in oil should continue to support the yellow metal. Full Story |
By: Adrian Ash, BullionVault - 9 May, 2008
PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high. Full Story |
By: Gold Investments - 9 May, 2008
Inflation still remains the main focus of the ECB despite the recent weak Eurozone data. Trichet’s tone remained steadfast and soft language was not on the menu at yesterday’s press conference following the interest rate decision. The BOE also left interest rates on hold yesterday amid recent negative economic data. Overall, the market expected both outcomes. Full Story |
By: Chintan Karnani, Insignia Consultants - 9 May, 2008
The US dollar has gained against the sterling while it has fallen against the yen and euro. Over the next few weeks every commodity and currency will move on its own. There may not be the kind of direct linkage that we have seen in the past. Full Story |
By: Chris Mullen, Gold-Seeker.com - 8 May, 2008
Gold fell nearly $5 to as low as $865 by late trade in Asia, but it then rose throughout most of the rest of trade in London and New York and ended near its high of $885.60 with a gain of 1.24%. Silver fell to $16.44 and rose to $16.895 before it closed with a gain of 1.02%. Full Story |
By: Peter A. Grant, USAGOLD - 8 May, 2008
In our opinion it did not appear to be any true conviction on the part of the market that the worst of the financial crisis was over. While you certainly hear the "worst is over" refrain on a fairly regular basis these days, the Fed's recent significant expansion of the various liquidity facilities suggests they may not be convinced either. Full Story |
By: Adrian Ash, BullionVault - 8 May, 2008
PHYSICAL GOLD BULLION hit a two-day high of $874 per ounce in thin trade Thursday morning in London, while world stock markets ticked lower and crude oil held just below yesterday's new record high of $123.93 per barrel. Full Story |
By: Gold Investments - 8 May, 2008
Gold continues to range between $850 and $880 and direction is destined to be influenced by the substantial amount of economic data due today. The BOE and ECB rate decisions coupled with U.S. Jobless Claims are the more likely influences. Both gold and silver seem to be tracking the euro while the situation in South Africa maintains support to all precious metals. Full Story |
By: Chintan Karnani, Insignia Consultants - 8 May, 2008
Today is a black day for the Indian commodity markets as the Indian government has banned futures trading in chana, soy complex, rubber and potato. Full Story |
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