Gold edged up to $1257.38 by a little before 9AM EST before it dropped back to $1246.15 in the next hour of trade, but it then bounced back higher midday and ended with a loss of just 0.02%. Silver slipped to as low as $18.897 before it also rallied back higher and ended unchanged on the day. Full Story
US May nonfarm payrolls are over. Traders will start to take positions for the June FOMC meeting on the 18th. Economic data releases from the USA between now and the 18th will have an impact on gold and silver and the US dollar if and only if they beat street expectations by a wide margin. US data releases beating street expectations by a wide margin implies quicker interest rate hikes. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 June, 2014
The gold price closed at $1,253.10 up $9.4 on Thursday in New York. In Asia and London the price lifted to $1,255. It was then set at $1,254.00 up $9.25 and in the euro at €919.962 up 4.450, while the euro stood at $1.3631. Ahead of the opening in New York the gold price was trading at $1,253.70 and in the euro at €919.91. Full Story
Futures trading volume remains lacklustre and was 42% below the average for the past 100 days for this time of day, according to data compiled by Bloomberg. This week gold bullion’s 60 day historical volatility fell to the lowest since April 2013. Full Story
Gold dipped to $1241.16 by a little before 8AM EST before it shot up to $1257.01 in the next hour of trade and then chopped back lower at times, but it still ended with a gain of 0.76%. Silver surged to as high as $19.133 and ended with a gain of 1.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 June, 2014
The gold price closed at $1,243.70 down $2.60 on Wednesday in New York. In Asia and London the price remained the same. It was then set at $1,244.75 down $1.25 and in the euro at €914.450 down €1.39, while the euro stood at $1.3612. Ahead of the opening in New York the gold price was trading at $1,244.60 and in the euro at €917.17. Full Story
Gold has now fallen for eight out of the last nine sessions and remains near a four month low in London amid poor sentiment. Overnight, Singapore gold traded in a tight range between $1,241.50/oz and $1,245/oz. Silver is a tad higher, platinum and palladium a tad weaker. Full Story
Gold dipped to $1244.39 by a little after 6AM EST before it rebounded to $1248.97 in the next couple of hours of trade, but it then drifted back lower into the close and ended with a loss of 0.21%. Silver slipped to as low as $18.755 and ended with a loss of 0.16%. Full Story
GoldSeek.com TV presents an exclusive interview with the President of GoldSeek.com and SilverSeek.com, Peter Spina. He discusses several topics with interviewer Vanessa Collette including:
- Silver Price
- Why is Russia buying so much gold?
- India, China, Belgium, Ukraine and more. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 June, 2014
The gold price closed at $1,246.30 on Tuesday, up $3.20 cents in New York. In Asia and London the price slipped slightly by $1 until the Fix, where it was set at $1,246.00 up $1.75 and in the euro at €915.840 up €1.421, while the euro stood at $1.3605. Ahead of the opening in New York the gold price was trading at $1,246.00 and in the euro at €915.27. Full Story
Gold rose for the first day in six yesterday but remains near a four month low in London. Overnight, Singapore gold traded sideways very close to the $1,245/oz level again and remained tied to this price in trading in London. Futures trading volume at this time of day was 55% below the average for the past 100 days, according to data compiled by Bloomberg. Full Story
Ecuador indirectly selling its gold for US dollars is another strategy by the US government to protect the global value of the US dollar. US president Barack Obama has asked Eastern European states to increase their defense spending due to the Russian threat. Welcome to “Cold War 2”. That’s all I can comment. These crap moves will only unify Asia. Full Story
Gold edged up to $1247.66 in London before it dropped back to $1241.89 at about 10:30AM EST, but it then bounced back higher into the close and ended with a gain of 0.26%. Silver rose to $18.937 before it fell back to $18.742, but it then climbed back higher in afternoon trade and ended with a gain of 0.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 June, 2014
The gold price closed at $1,243.10 on Monday, up 10 cents in New York. In Asia and London the price rose $1 until the Fix, where it was set at $1,244.25, down $0.50 and in the euro at €914.419 down €0.841, while the euro stood at $1.3607. Ahead of the opening in New York the gold price was trading at $1,246.20 and in the euro at €915.72. Full Story
Gold fell to the lowest since February 3 and prices completed a sixth day of declines for the longest losing run since August. Gold bullion in Singapore traded sideways around the $1,244/oz level prior to ticking slightly higher to over $1,246/oz at the open in London (0800 BST). Full Story
Gold dropped down to $1241.12 in Asia before it bounced back to $1249.61 by a little after 10AM EST, but it then drifted back lower into the close and ended with a loss of 0.62%. Silver slipped to as low as $18.672 and ended with a loss of 0.32%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 June, 2014
The gold price closed at $1,243 on Friday, down $12 on Friday in New York. In Asia and London the price rose A$1 until the Fixed, where it was set at $1,244.75, down $9.25 and in the euro at €915.26 down €7.83, while the euro stood at $1.3600. Ahead of the opening in New York the gold price was trading at $1,245.00 and in the euro at €915.21. Full Story
US May nonfarm payroll employment numbers will be the key to gold and silver. A low employment numbers will result in delaying of the interest rate hikes by the Federal reserve next week and gold and silver paring most of last months losses. Interest rates are directly linked to employment and consumption. Full Story
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