By: Chris Mullen, Gold-Seeker.com - 6 February, 2009
Gold climbed $7.05 to $919.60 before plunging to $903.78 shortly after this morning’s jobs report was released, but it then rallied back higher into the close and ended with a miniscule loss of just 0.03%. Silver fell 4 cents to $12.75 by late trade in Asia, but it then rose throughout most of trade in London and New York and ended near its high of $13.20 with a gain of 2.62%. Full Story
THE SPOT PRICE of wholesale gold held inside a tight $7 range Friday morning as the United States reported its worst monthly job losses since 1974 and Japanese auto-giant Toyota posted its first annual loss since 1950. Full Story
Gold remains firm as there is increasing nervousness about the global economy and indeed nervousness about the global monetary system and this is leading to continuing strong investment demand. Gold remains at or near record highs in nearly all major currencies ($914.00 £622.11 €713.06) and looks set to regain its nominal record high of $1,030/oz in the coming weeks. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 February, 2009
Gold rose to as high as $924.50 and silver climbed to $12.92 by a little before 9AM EST in New York before both metals fell back off over 1% from those highs into the close, but they still ended with gains of 1.28% and 2.73% on the day. Full Story
THE SPOT GOLD PRICE jumped sharply for US and Euro investors on Thursday morning in London, rising 1.7% and 1.4% respectively as world stock markets fell despite fresh cuts to central-bank interest rates. Full Story
With stock and bond markets under renewed pressure, gold remains very well bid and is up some 0.6% in early trading in Europe. Goldman Sachs have increased their forecast for gold from the previously very low $700/oz to over $1,000/oz in the next three months due to “rising investor demand for safe haven assets”. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 February, 2009
Gold climbed to as high as $909.05 by about 10AM EST in New York before it fell nearly 1% from that high in the last few hours of trade, but it still ended with a gain of 1.17%. Silver rose to as high as $12.605 before it also retraced a bit, but it still ended with a gain of 1.22%. Full Story
Gold has turned consolidative to mildly corrective in the wake of last week's initial challenge of the October high at 930.10. While this important level has capped the upside thus far, there doesn't seem to be much selling interest up here given the absence of risk appetite. Full Story
SPOT GOLD-BULLION PRICES traded in a tight $9 range early Wednesday in London, holding steady for US investors even as the Dollar rose once again vs. the European single currency. Full Story
Gold has recovered somewhat from the 1.5% loss yesterday to close at $890.60 (as did silver which was down 0.6%) and rose 1% in after hours and is trading at just below $900/oz in late morning trading in Europe. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 February, 2009
Gold rose as much as $8.60 to $912.50 by about 9AM EST before it fell to $889.02 by around noon and then bounced back higher in early afternoon trade, but it then fell back near its earlier low in the last minutes of trade and ended with a loss of 1.47%. Silver climbed $0.115 to $12.485 and fell to as low as $12.15 before it also bounced back higher and closed with a loss of 0.56%. Both metals have, however, climbed over 1% from their closes in after hours access trade at the time of writing. Full Story
THE PRICE OF GOLD held in a $10 range during Asian and London trade Tuesday morning, bouncing from a 3-session low of $896 an ounce as world stock markets capped their losses for 2009 to date at 10% and more. Full Story
Gold continues to consolidate near recent highs despite profit taking falls. It remains near record highs in British pounds, Euros (03-Feb-09 London AM Fix: $902.00, £636.02, €702.93 - http://www.lbma.org.uk/?area=stats&page=gold/2009dailygold ) and many other currencies internationally as fiat currencies internationally come under pressure due to the unprecedented zero percent interest rates, quantitative easing, bailouts and stimulus packages. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 February, 2009
Gold fell as much as $25.07 to $901.08 in Asia before it rebounded to see a loss of just $5.15 at $921.00 by about 10AM EST in New York, but it then fell back off into the close and ended not far from that earlier low with a loss of 2.4%. Silver dropped to as low as $12.195 at about 8AM EST before it rose to almost unchanged at $12.577 by about noon EST, but it also fell back off into the close and ended with a loss of 1.8%. Full Story
THE WHOLESALE PRICE of gold bullion sank 2.3% in early London trade on Monday, bouncing off $905 an ounce as world stock markets also tumbled. German and French equities dropped more than 2% by lunchtime after losing one-tenth of their value in January. Full Story
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