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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 15 November, 2013

Gold fell $7.24 to $1280.46 at about 5AM EST before it climbed back to $1290.25 by early afternoon in New York, but it then edged back lower into the close and ended with a gain of just 0.01%. Silver slipped to as low as $20.577 and ended with a loss of 0.29%. Full Story

By: GoldSeek.com - 15 November, 2013

COT Gold, Silver and US Dollar Index Report - November 15, 2013 Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 November, 2013

Gold closed slightly weaker at $1,287.70 up $18.80 in New York on Thursday. Asia held it there this morning but London took it down nearly $5 ahead of the Fix where it was set at $1,281.75 down $1.50 in London, on Tuesday’s Fixing. In the euro it Fixed at €953.399 down €1.8 on Tuesday’s Fixing. Ahead of New York’s opening the euro stood at $1.3448: €1 with gold at $1,282.65 and in the euro at €953.78. Full Story

By: Adrian Ash, BullionVault - 15 November, 2013

The PRICE OF GOLD rose Friday lunchtime in London, regaining last week's closing level of $1288 per ounce as European stock markets turned higher and the US Dollar slipped. Following new Federal Reserve chief Janet Yellen's "dovish" testimony Thursday, "Market participants who anticipated a premature withdrawal from ultra-expansionary US monetary policy [and] bet on a falling price are forced to close these positions again," says a note from Germany's Commerzbank. Full Story

By: GoldCore - 15 November, 2013

Yesterday, the World Gold Council released its Gold Demand Trends 2013 Report which demonstrates quite clearly that the Chinese continue to accumulate gold; gold continues to flow east to both government and consumer channels. The report also showed that central banks continue to accumulate and there is positive news that jewellery trade is up. Full Story

By: Manan Somani, Insignia Consultants - 15 November, 2013

Traders are still cautious going long in gold and silver despite all the positive news in the form a delayed tapering by the Federal Reserve and other positive news. Comments by Yellen that US stock markets are not in a bubble zone suggest that the Federal reserve will taper only when it is sure that it will not put US stock markets in bearish territory. The Federal Reserve has been shouting wolf every now and then but wolf has not yet arrived. The wolf here is taper. Full Story

By: Chris Mullen, Gold-Seeker.com - 14 November, 2013

Gold climbed over 1% to $1287.84 in Asia before it fell back to $1278.40 in London, but it then rose to a new session high of $1294.07 in New York and ended with a gain of 1.13%. Silver surged to as high as $20.903 and ended with a gain of 1.22%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 November, 2013

Gold closed slightly weaker at $1,268.90 down $9.60 in New York on Tuesday. But in Asia on Thursday gold was lifted $13 before London took it down $3 ahead of the Fix where it was set at $1,383.25 up $2.25 in London, on Tuesday’s Fixing. In the euro it Fixed at €955.226 down €1.6 on Tuesday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3435: €1 with gold at $1,284.40 and in the euro at €956.08. Full Story

By: Adrian Ash, BullionVault - 14 November, 2013

The WHOLESALE price of gold recovered all this week's previous 2.1% drop by Thursday morning in London, trading back at $1288 before slipping $5 per ounce as the US Dollar steadied on the currency market. World stock markets also stood higher for the day, and bond yields fell as prices rose, after both the current and next US Fed chiefs said money-printing and zero interest rates "[have] more work to do" yet. Full Story

By: GoldCore - 14 November, 2013

Gold inched up again after Federal Reserve Chairman nominee Janet Yellen said the U.S. economy and labor market must improve before QE is reduced. This lifted confidence as silver prices recovered from their lowest levels since August. “The focus for the bullion market may shift to the upcoming testimony by Yellen,” James Steel, an analyst at HSBC, commented. “Chinese gold demand remains brisk. However, gold is likely to remain on the defensive in the near term", wrote Steel. Full Story

By: Manan Somani, Insignia Consultants - 14 November, 2013

Janet Yellen has said that the economy and labor market are performing “far short of their potential” and must improve before the Fed can begin reducing monetary stimulus. Irrespective of anything, the good thing for bulls is that gold has not fallen below $1242 and silver has not fallen below $2020. There are huge short positions in gold and silver. There can be massive short covering today in the US session. Once again US data releases will affect markets in a big way. Emerging market currencies like India should now gain. Full Story

By: Chris Mullen, Gold-Seeker.com - 13 November, 2013

Gold climbed $10.76 to $1279.66 at about 9AM EST before it fell back to $1268.37 in the next four and half hour of trade, but it then rallied back higher into the close and ended with a gain of 0.35%. Silver edged up to $20.868 before it fell back to $20.443 and then also bounced back higher, but it still ended with a loss of 0.92%. Full Story

By: Adrian Ash, BullionVault - 13 November, 2013

ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock markets also slipped. QE tapering "could very well take place" in December, said Atlanta Fed president Dennis Lockhart late Tuesday. Full Story

By: GoldCore - 13 November, 2013

Gold rose slightly after dipping to a four week low in the last trading session. However, the gold price remains subject to downward pressure as investors are still wondering when the U.S. Fed will begin tapering its stimulus program. December is being muted as a possible tapering start date but as we have seen in recent months, the speculation has been incorrect and QE continued as before. Full Story

By: Chris Mullen, Gold-Seeker.com - 12 November, 2013

Gold edged down to $1276.40 in Asia before it climbed back above $1285 in London, but it then dropped to a new session low of $1261.64 by early afternoon in New York and ended with a loss of 1.14%. Silver slipped to as low as $20.583 and ended with a loss of 2.86%. Full Story

By: Adrian Ash, BullionVault - 12 November, 2013

WHOLESALE GOLD bumped up to $1285 Tuesday lunchtime in London, reversing an overnight drop to fresh 3-week lows at $1277 as European stock markets slipped with government bond prices. "A slip through the six-month support line at $1270.16 will confirm our bearish outlook," says Commerzbank's Axel Rudolph. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 November, 2013

Gold closed slightly weaker at $1,283.50 down $3.90 in New York on Monday. Asia let it slip, as did London, down to $1,378 ahead of the Fix where it was set at $1,381.00 in London, down $2.74 on Monday’s Fixing. In the euro it Fixed at €956.898 down €0.8 on Monday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3398: €1 with gold at $1,281.30 and in the euro at €956.37. Full Story

By: GoldCore - 12 November, 2013

Gold dipped again in London on fears that a stronger U.S. economy will entice the U.S. Fed to taper its stimulus program and on positive economic data from China. Silver bullion slid to its lowest in four weeks, while gold is hovering at three week lows. In South Africa, the National Union of Mineworkers at Northam Platinum Ltd. continue their strike that started on November 4th. Full Story

By: Manan Somani, Insignia Consultants - 12 November, 2013

The fall in gold and silver (after the release of US October jobs report) has not been as rapid as most of the US had expected. The big crash is not there. Instead there has been a slow and steady decline. Short term traders are still short in gold and silver which implies that in case they are able to hold onto current prices of $1281 and $2131 till Thursday, then can be a short upside burst while maintaining the bearish trend. We just need to wait and watch for the price direction to unfold. Full Story

By: Chris Mullen, Gold-Seeker.com - 11 November, 2013

Gold dropped $8.45 to $1278.95 at about 4:30AM EST before it climbed to $1287.37 in the next couple of hours and then fell back off in morning New York trade, but it then edged back higher in the last few hours of the day and ended with a loss of just 0.3%. Silver slipped to $21.22 before it climbed back to $21.45 and then also fell back off, but it ended with a loss of just 0.42%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 November, 2013

Gold closed slightly weaker at $1,287.40 down $29.80 in New York on Friday. Asia let it slip $2 then London came in and took it to $1,282 ahead of the Fix where it was set at $1,383.74 in London, down $25.26 on Friday’s Fixing. In the euro it Fixed at €957.808 down €17.0 on Friday’s Fixing. Ahead of New York’s opening the euro strengthened to $1.3398: €1 with gold at $1,286.40 and in the euro at €960.14. Full Story

By: Adrian Ash, BullionVault - 11 November, 2013

WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose. Major government bonds ticked higher after Friday's sharp sell-off on strong US jobs data. Silver prices also fell to their lowest level since Oct. 17th, turning higher from $21.26. The Sterling price of gold dipped below £800 per ounce – a level first reached in May 2010 – for the third time since April. Full Story

By: GoldCore - 11 November, 2013

Gold dropped for its third day in a row after the U.S. non farm payrolls data on Friday showed that more jobs were added than expected, which increased speculation that the U.S. Fed will begin to taper its stimulus program. Friday's rallying of U.S. equities and an elevated U.S. dollar sent gold to a three week low. The next U.S. Fed meeting is December 17 & 18th. Full Story

By: Manan Somani, Insignia Consultants - 11 November, 2013

(A)The key over the next three weeks will be whether gold is able to fall below $1250 and has a daily close below $1242 for at least two consecutive days. There will be another wave of sell off in gold if it has a daily close below $1242 for at least two consecutive days in the next three weeks. (B) In case gold does not fall below $1242 in the next three weeks then gold prices will rise back to $1360 and $1430. Full Story




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