By: Chris Mullen, Gold-Seeker.com - 6 September, 2013
Gold fell $5.81 to $1362.89 in London before it jumped up to $1392.80 just after 8:30AM EST and then fell back to $1380.60 in the next hour of trade, but it then chopped back higher into the close and ended with a gain of 1.45%. Silver slipped to $23.03 at about 7AM EST, but it then surged to as high as $23.92 in New York and ended with a gain of 2.59%. Full Story
The PRICE of gold jumped $33 from a new 10-session low in just 5 minutes on Friday, touching $1393 per ounce before easing back after August's Non-Farm Payrolls data on US jobs came in weaker than expected. Net hiring rose to 169,000 jobs instead of the 180,000 analysts forecast. The US unemployment rate, however, fell to a 44-month low of 7.3%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 September, 2013
New York closed at $1,368.70 down $25.20 on Thursday. Asia lifted it to $1,372 before London let it slip back to $1,369. London saw it see-saw until it was Fixed at $1,368.25 down $23.50 and in the euro at €1,042.238 down just over €11.70. Ahead of New York’s opening gold was trading at $1,369.15 and in the euro at €1,043.68. Full Story
Gold traded near its two week low in London, on track for its first consecutive weekly drop since July, as investors await the U.S. employment data (12:30GMT) that will foreshadow the U.S. Fed’s imminent decision on tapering. Yesterday, The Bank of England and European Central Bank kept their policies unchanged. Last night, the Bank of Japan did the same in line with expectations. The G-20 meeting in St. Petersburg of political and finance ministers began yesterday and has already created clashes amongst superpowers regarding the U.S. military strikes planned against Syria. Full Story
Gold and silver fell after a sharp growth in the US services sector in August. It is not all over for gold and silver bulls as today’s US August nonfarm payrolls is the key. Jobs and only jobs is the key to Federal Reserve tapering. Technically gold needs to trade over $1348 to be in a short term bullish zone while silver needs to trade over $2260 to be in short term bullish zone. Full Story
By: Chris Mullen, Gold-Seeker.com - 5 September, 2013
Gold fell $12.70 to $1381.20 in Asia before it rebounded to $1399.26 by a little before 8:30AM EST, but it then dropped to as low as $1365.10 at about 2:40PM and ended with a loss of 1.81%. Silver slipped to as low as $23.02 and ended with a loss of 1.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 September, 2013
New York closed at $1,393.90 down $17.90 on Wednesday. Asia let it slip to $1,390 ahead of London’s opening. London saw it see-saw until it was Fixed at $1,391.75 and in the euro at €1,054.596 down just over €11.00. Ahead of New York’s opening gold was trading at $1,393.60 and in the euro at €1,055.76. Full Story
LONDON DELIVERY gold rose back to last week's closing level of $1395 per ounce Thursday morning, reversing an overnight drop of 1.0% as Asian stock markets rose but Europe stocks held flat. The central banks of Japan, the UK and the Eurozone all kept their monetary policies unchanged at today's monthly meetings. Full Story
Gold edged off again, on the prospect of a decrease in quantitative easing and the uncertainty surrounding the U.S. military action in Syria. The nonfarm payrolls number on Friday is critical and there is also a private report due out today that may show U.S. employment has increased. This all points to a clear decision on tapering at the FOMC meeting later this month. Full Story
US August private ADP numbers will be the key today apart from Syria. We just need to remain on the sidelines for gold and silver. Gold needs to break $1437.30 or fall below $1373.30 for direction. Gold will break the $1373-$1411-$1437 range by Monday and form a new range. We just need to wait and watch. Silver needs to trade over $2336 for the rest of the day to be in a bullish zone. Be prepared for very big one way moves in gold and silver by tomorrow. Full Story
By: Chris Mullen, Gold-Seeker.com - 4 September, 2013
Gold fell $27.30 to as low as $1384.50 by early afternoon in New York before it bounced back higher in the last few hours of trade, but it still ended with a loss of 1.27%. Siler slipped to as low as $23.32 and ended with a loss of 3.01%. Full Story
By: The Gold Report and Barry Allan - 4 September, 2013
Analysts at Mackie Research Capital crunched the data to stress test which junior miners would thrive, survive or die at $1,000/oz gold and $18/oz silver. In this interview with The Gold Report, Barry Allan, director and vice chairman of Mackie's mining group, offers hope that the sector, instead of going to hell in a handbasket, actually is rebounding. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 September, 2013
New York closed at $1,411.80 up $21.80 on Tuesday. Asia pulled it back to $1,407 ahead of London’s opening. London let it slip further until it was Fixed at $1,403.75 and in the euro at €1,065.627 up just over €9.50. Ahead of New York’s opening gold was trading at $1,405.60 and in the euro at €1,066.83. Full Story
WHOLESALE GOLD fell back below $1400 per ounce for the third day running Wednesday lunchtime in London, dropping to $1393 and trading 1.7% below yesterday's high as crude oil and world stock markets both fell 0.5%. Silver dropped to $23.53 per ounce, some 4.0% below Tuesday's top. Major government bonds edged higher, nudging interest rates down, while weaker Eurozone debt fell in price. Full Story
Gold pulled back this morning on the open in Asia in an unusual manner which saw a quick almost instantaneous $8 drop from $1,412/oz to a price quote at $1,404.45/oz and then a recovery to $1,412/oz. Thereafter gold gradually trended lower on technical selling and profit taking after breaching $1,400/oz and rising to $1,415/oz yesterday after Israel launched a test missile which heightened tensions in the region and President Obama received support from some senior republicans for a strike on Syria. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 September, 2013
Gold fell $21 to $1373.90 at the open of trade on Sunday night before it rebounded to $1397.99 on Monday and then fell back to $1384.30 by a little after 4AM EST today, but it then climbed steadily higher throughout most of the rest of trade and ended near its late session high of $1416.16 with a gain of 1.26%. Silver slipped to as low as $23.074 on Monday, but it then surged to as high as $24.479 today and ended with a gain of 3.54%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 September, 2013
New York closed at $1,390 down nearly $4.00 on Monday. Asia held it there ahead of London’s opening. London held it there before it was Fixed at $1,391.25 a repeat of yesterday and in the euro at €1,056.057 up just over €3.50. Ahead of New York’s opening gold was trading at $1,394.20 and in the euro at €1,058.12. Full Story
WHOLESALE London prices for physical gold jumped $15 from a drop to $1384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the Mediterranean, towards the sea's eastern coast. Full Story
Gold recovered from early losses and climbed toward $1,400 an ounce, after Interfax reported that Russia detected that two missiles had been launched. The missiles appear to be headed toward the eastern Mediterranean, RIA Novosti reported, citing comments Russian Defense Minister Sergei Shoigu made to President Vladimir Putin. Full Story
An increase in growth rates in the Eurozone, particularly in Italy and Spain will prevent gold from a big rise in the near term. We expect gold to trade in a $1296-$1372-$1396-$1529 range this month. Silver prices will remain firm as China stabilizes and the US and Europe grows. Big gains in gold and silver will be there either on (A) sustained war in Syria (B) there is evidence that tapering by the federal reserve will be shifted to December. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 September, 2013
New York closed at $1,394.30 down nearly $13.00 on Friday. Asia held it around $1,392 ahead of London’s opening. London held it there before it was Fixed at $1,391.25 down $1.50 and in the euro at €1,052.462 up just over €0.50. Ahead of New York’s opening gold was trading at $1,390.80 and in the euro at €1,052.80. Full Story
The PRICE of gold bullion bars slipped Monday morning, recovering early $25 drop in quiet dealing as Asian and European stock markets rose following strong manufacturing data. With the US markets closed for the end-of-summer holiday, gold edged down to $1389 per ounce by lunchtime in London, just over 3% below last week's three-month high. Full Story
Gold fell for December delivery declined as much as 1.4% to 276.2 yuan/gram on the Shanghai Futures Exchange. Gold fell by more than $20 to $1,373.40/oz prior to a quick recovery in volatile trade (see chart). Silver saw similar trading action but has recovered all the initial losses and surged over 2.7% which bodes well for trading today. Full Story
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