By: Chris Mullen, Gold-Seeker.com - 15 January, 2010
Gold fell as much as $16.85 to $1126.55 by a little after 10AM EST in New York before it bounced back higher into the close, but it still ended with a loss of 1.18%. Silver followed a similar pattern and ended near its session low of $18.367 with a loss of 1.45%. Full Story
THE PRICE OF GOLD in Dollars ticked back from $1145 per ounce for the third time in two days early Friday, slipping in what one dealer called "choppy trading" as silver also retreated. Full Story
Yesterday all commodities consolidated with a firm bias. After this weeks spectacular recovery from the lows more and more day traders are buying commodities on dips. The global economic scenario is on the growth trajectory, interest rates will not be increased before the third quarter by the Federal Reserve or the European Central bank before the fourth quarter of 2010 which implies that liquidity will be high. There has been a direct correlation between liquidity and commodity prices over the past two years and this will continue in 2010. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 January, 2010
Gold rose as much as $8.85 to $1145.40 in early Asian trade before it fell in London and late morning trade New York trade to see a loss of $5.77 at as low as $1130.78 by around 11:15AM EST, but it then rallied back higher in the last couple hours of trade and ended near its earlier high with a gain of 0.6%. Silver rose 15 cents to $18.70 in Asia and fell to as much as 22 cents to $18.33 in London before it also rallied back higher in New York and ended with a gain of 0.59%. Full Story
THE PRICE OF GOLD edged lower in London dealing on Thursday morning, ticking back from an overnight rally in Asia as European stock markets also cut early gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 January, 2010
Gold fell a few dollars to as low as $1125.90 in Asia and then rebounded in London to see a gain of $7.95 at as high as $1137.05 by about 9AM EST in New York before it fell to see an over 1% loss at a new session low of $1118.50 by around 10:30AM, but it then stormed back higher in the last few hours of trade and ended at its late session high of $1137.40 with a gain of 0.66%. Silver rose almost 1% to as high as $18.465 by about 10AM EST before it also fell back off in late morning New York trade and dropped to as low as $18.175 at one point, but it then rallied to a new session high of $18.59 by early afternoon and ended with a gain of 1.37%. Full Story
THE PRICE OF GOLD regained a third of yesterday's 2.5% plunge in London dealing on Wednesday, bouncing as the US Dollar eased back and Wall Street futures pointed higher from Tuesday's 1.0% drop. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 January, 2010
Gold rose $6.57 to $1157.87 in Asia and fell $7.65 to $1143.65 by early trade in New York before it rebounded to find slight gains by late morning, but it then fell back off into the close and ended near its late session low of $1125.00 with a loss of 1.93%. Silver climbed to $18.79 and dropped to $18.327 before it also rebounded back near unchanged by late morning in New York, but it too fell back off in late trade and ended near its early afternoon low of $18.14 with a loss of 1.77%. Full Story
THE PRICE OF GOLD fell early Tuesday in London dealing, dropping below $1148 an ounce as commodity prices and equities fell after China's central bank reduced credit supplies in the world's fastest-growing economy. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 January, 2010
Gold jumped higher at the open of trade in Asia on news of “gathering economic momentum” and strong commodity imports in December in China that pointed to strong future demand for real assets. The yellow metal rose to as high as $1161.60 in early New York trade before it fell back off a bit into the close, but it still ended with a gain of 1.16%. Silver climbed to as high as $18.88 before it also fell back off, but it still gained 1.2%. Full Story
THE PRICE OF GOLD and silver both leapt alongside oil prices, base metals and agricultural commodities at the start of Monday's trading, touching a 5-week high against the US Dollar at $1160 an ounce. Full Story
The US December non farm payrolls has come as a shot in the arm for US dollar bears and its now up to them to make the most out of it. I do not except any major liquidity reduction measures by the Fed before May. Full Story
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