By: Chris Mullen, Gold-Seeker.com - 6 November, 2009
Gold spiked to as high as $1097.80 immediately following the release of this morning’s jobs report before it quickly dropped back down to as low as $1086.55, but it then rose to a new record high of $1100.95 by a little after 9:45AM EST and chopped its way slightly lower into the close to end at a new record high with a gain of 0.56%. Silver rose to $17.59 in early London trade before it fell with gold in early New York trade to as low as $17.253 and then rebounded to as high as $17.60 by about 9:45AM EST, but it also fell back off into the close and ended unchanged on the day. Full Story
THE PRICE OF GOLD rose sharply from a fresh all-time Gold Fix of $1095 per ounce in London on Friday after new data put US unemployment at a 26-year high of 10.2% in October. Average hourly wages improved – up 0.3% month-on-month – but the average working week held at 33.0 hours. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 November, 2009
Gold climbed to as high as $1097.42 in after hours access trade yesterday before it fell to $1083.70 in late Asian trade and then spiked back up to $1093.95 in early London trade, but it then chopped its way back slightly lower for most of the rest of trade and ended with a gain of just 0.19%. Silver fell to as low as $17.20 in Asia before it rebounded to $17.497 by about 9AM EST in New York, but it also fell back off a bit into the close and ended with a loss of 0.06%. Full Story
THE PRICE OF GOLD in wholesale 400-ounce form held steady Thursday morning in London as world stock markets slipped. Trading near $1090 and €735 an ounce for US and Eurozone investors, gold was up 4.3% and 3.5% respectively for the week so far. Full Story
In the future if the US economy continues to grow positively then the Fed will change its interest rate outlook quickly. I do not expect the Fed to raise interest rates in the first half of 2010. There may be some liquidity removal measures first but the same will not happen this year. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 November, 2009
Gold saw slight losses in Asia and then rose almost 1% to as high as $1095.25 by early trade in London before it pulled back under $1090 around 8AM EST and then rose to a new all-time high of $1095.42 by a little before noon EST, but it then fell back off in the last couple of hours of trade and ended with a gain of just 0.19%. Silver followed a similar pattern and ended over 1% from its session high of $17.60 with a gain of 0.99%. At the time of writing, both metals are also climbing to new highs in after hours access trade. Full Story
THE PRICE OF GOLD rose sharply for the third session running early in London on Wednesday, gaining 1.2% against the US Dollar to hit fresh record highs above $1095 an ounce. Crude oil bounced back above $80 per barrel. World stock markets added almost 1.0% on average. Full Story
Gold rose to new record highs yesterday and again this morning above $1,093/oz in what appears to have been continuing reaction to the news that Indian central bank had bought 200 tonnes of gold from the IMF . Gold has also surged in euro and pound terms. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 November, 2009
Gold jumped near a new record high last night at as high as $1065.92 in early Asian trade after it was announced that India bought “200 metric tons of the metal from the International Monetary Fund.” The yellow metal then pulled back in London to see a gain of just $1.25 at as low as $1055.05 by about 7AM EST, but it then exploded to new highs in late morning New York trade and ended near its new record high of $1085.95 with a gain of 2.92%. Full Story
THE PRICE OF GOLD rose sharply to 7-session highs against the Dollar and new 8-month highs vs. the Euro early Tuesday after the Reserve Bank of India said it bought 200 tonnes of gold from the International Monetary Fund late last month. Full Story
Position squaring and rebuilding ahead of the major events this week has resulted in commodities trading with a firm bias. We have the Fed meeting, European central bank meeting and Bank of England meeting this week. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 November, 2009
Gold steadily rose throughout most of world trade to as high as $1062.65 by about 10AM EST before its fell back off a bit into the close, but it still ended with a gain of 1.35%. Silver climbed as much as $0.45 to $16.70 by about 10:30AM EST before it also fell back off in the last few hours of trade, but it still ended with a gain of 0.62%. Full Story
THE PRICE OF GOLD jumped at the start of London dealing on Monday, reaching one-week highs against the Dollar and Sterling and trading at a near-3 week high in terms of the Euro, rising above €713 an ounce. Full Story
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