By: Chris Mullen, Gold-Seeker.com - 15 February, 2013
Gold fell all of the way to $1598.59 by late morning in New York before it bounced back higher midday, but it still ended with a loss of 1.63%. Silver slid to as low as $29.681 and ended with a loss of 2.13%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 February, 2013
In New York the gold price fell to $1,635.60 down $10 and slipped $5 more ahead of London’s opening. It then Fixed at $1,629.25 and in the euro at €1,221.42, while the euro was $1.3339. Ahead of New York’s opening, gold was $1,627.40 and in the euro at €1,221.40. Full Story
GOLD PRICES fell again Friday morning in London, trading at a 6-month low beneath $1627 per ounce as the US Dollar continued to rise on the currency market. Gold for Sterling investors touched a 2-week low beneath £1050, and Euro-gold held above Tuesday's 8-month low at €1220 per ounce. Full Story
Gold dropped to a 6 week low today and has broken below support at $1,650/oz and now looks vulnerable of a fall to support at the $1,600/oz level. Gold will be supported next week by physical buying when Asia has returned from the week long New Year’s holiday. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 February, 2013
Gold climbed $6.78 to $1649.78 in London before it fell back to as low as $1632.82 by early afternoon in New York, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.45%. Silver edged up to $31.06 at about 8AM EST before it fell to as low as $30.22 and then also rallied back higher, but it still ended with a loss of 1.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 February, 2013
In New York the gold price fell to $1,645 on Tuesday and traded around there yesterday reaching a level of $1,643.75 in London today before it Fixed at $1,644.00 there, and in the euro at €1,233.216 up €8, while the euro was $1.3331. Ahead of New York’s opening, gold was $1,647.70 and in the euro at €1,235.67. Full Story
The PRICE of wholesale gold rallied from fresh 6-week lows at $1641 per ounce on Thursday morning, rising as European stock markets fell after much-worse than forecast economic data. Silver meantime stalled below $31 per ounce as industrial and energy resources cut earlier gains. Economic output across the 17-member state Euozone contracted by 0.6% in the fourth quarter of 2012, the worst drop since the depths of the global recession four years ago. Full Story
Gold edged up on Thursday, as bargain hunters showed buying interest and gold was particularly strong in euro terms after data from Europe confirmed the continent remains very vulnerable to economic shocks. The euro area recession deepened and data showed that the euro area economy shrank the most since 2009 and its three biggest economies, Germany, France and Italy, suffered slumping output. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 February, 2013
Gold fell $6.13 to $1645.37 in London before it jumped up to $1653.43 in early New York trade, but it then drifted back lower for most of the rest of the day and ended near its late session low of $1640.20 with a loss of 0.51%. Silver slipped to as low as $30.72 and ended with a loss of 1.09%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 February, 2013
In New York the gold price stopped falling and closed at $1,651.50, yesterday. In Asia and in London it traded just below that level and then Fixed at $1,648.00 in London, and in the euro at €1,223.55, while the euro was $1.3469. Ahead of New York’s opening, gold was $1,648.25 and in the euro at €1,222.10. Full Story
THE DOLLAR gold price drifted back below $1650 an ounce Wednesday morning, 1.1% down on the week so far, although it jumped higher in Sterling following after a Bank of England report said policymakers are prepared to "look through" persistently high UK inflation. Full Story
Group of Seven policy makers roiled the currency and commodity markets they sought to calm amid conflicting messages on how much of an economic threat is posed by currency wars. The G7 sought to focus attention on the narrow issue of recent yen weakness rather than the more substantial issue of global currency wars in the form of QE ‘to infinity’, competitive currency devaluations, currency pegs and currency debasement. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 February, 2013
Gold dropped $10.51 to $1639.19 by a little after 5AM EST, but it then rose to as high as $1653.30 in New York and ended with a gain of 0.11%. Silver slipped to $30.57 in London, but it then climbed to as high as $31.128 and ended with a gain of 0.42%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 February, 2013
In New York the gold price fell to $1,649.70, yesterday. In Asia and in London it traded just below that level and then Fixed at $1,641.75 in London, and in the euro at €1,225.28, while the euro was $1.3399. Ahead of New York’s opening, gold was $1,645.50 and in the euro at €1,223.98. Full Story
U.S. DOLLAR gold bullion prices failed to recover yesterday's lost ground Tuesday morning, hovering below $1650 per ounce, as stocks and commodities eased higher and the Euro gained against the Dollar, following news of a fresh nuclear test in North Korea and denials from policymakers that a currency war is taking place among major economies. Full Story
Gold has dropped to its lowest level in over a month on low volumes due to Asia’s Lunar New Year holiday which has markets closed in Hong Kong, China, Malaysia and Taiwan today. Prices remained low despite the announcement that North Korea had detonated an atomic warhead in its 3rd underground nuclear test. Geopolitical risk remains and should the situation on the Korean peninsula deteriorate then gold should receive a safe haven bid. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 February, 2013
Gold fell to as low as $1643.88 in early New York trade before it bounced back higher at times, but it still ended with a loss of 1.13%. Silver slipped to as low as $30.815 and ended with a loss of 1.53%. Full Story
In retrospect, gold prices generally remained off balance late last week in the wake of a favorable shift in US Trade Balance figures, a pattern of new highs for the move in US stocks and also in the face of mostly adverse currency market action. In other words, gold seems to have remained under pressure from an erosion of flight to safety conditions and in turn gold clearly doesn't seem to currently be able to derive any support from ideas that the world economy is recovering. Full Story
U.S. DOLLAR gold prices fell to a one-week low Monday morning in London, dropping to $1660 per ounce, as dealers in Asia reported quiet trading, with China celebrating the Lunar New Year holiday. "We are neutral [on gold] until the current consolidation resolves itself," says the latest technical analysis report from bullion bank Scotia Mocatta. Full Story
Gold is slightly weaker in dollar and euro terms today but higher in pounds and yen. Volumes are light in thin trade as most of Asia is closed for the week long Lunar New Year holiday. Palladium and platinum remain just shy of their strongest levels in almost a year and a half. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
