By: Chris Mullen, Gold-Seeker.com - 15 March, 2013
Gold climbed $10.04 to $1598.54 at about 10AM EST before it fell back off into the close, but it still ended with a gain of 0.2%. Silver surged to as high as $29.01 and ended with a loss of 0.07%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 March, 2013
The gold eased further to $1,588.50 in New York, yesterday only 20 cents higher than the day before. In Asia and London it traded higher at $1,592 before Fixing at $1,593.25 and in the euro at €1,219.386, while the euro was $1.3066, up 1.3 cents. Ahead of New York’s opening, gold was $1,592.75 and in the euro at €1,219.34. Full Story
GOLD ticked higher but silver prices stalled Friday morning, as a rise in Asian stock markets failed to carry over into European or pre-opening trade in US equities. The Euro currency rose sharply through $1.30, knocking the gold price in Euros back below €1220 per ounce, virtually unchanged for the week. Full Story
Gold continues to trade just below resistance at the $1,600/oz level but appears to be consolidating at these levels after the recent price falls. Investment sentiment towards gold is the worst we have seen it since the start of the secular bull market in the early 2000’s. Full Story
You might be thinking that one day I am giving a bullish view one day and the next day a bearish view. Let me put it in a direct way I am very bullish on gold and silver for the medium term (for a period of one year) and for the long term (three years to five years) but I am cautiously optimistic on gold and silver for the short term (three months to four months). Full Story
By: Chris Mullen, Gold-Seeker.com - 14 March, 2013
Gold edged up to $1589.30 in Asia before it fell back to $1577.09 at about 8:30AM EST, but it then rose to as high as $1593.27 in New York and ended with a gain of 0.01%. Silver slipped to as low as $28.55 before it also rallied back higher, but it still ended with a loss of 0.52%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 March, 2013
The gold eased further to $1,588.30 in New York, yesterday. In Asia and London it traded at $1,585 before Fixing at $1,585.00 and in the euro at €1,225.83, while the euro was $1.2930, down a cent. Ahead of New York’s opening, gold was $1,580.50 and in the euro at €1,223.16. Full Story
GOLD dropped below $1580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1060 and €1225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 March, 2013
Gold climbed up to $1598.99 in early New York trade before it fell back to $1585.66 at about 1PM EST and then bounced back higher in the next hour of trade, but it still ended with a loss of 0.31%. Silver rose to $29.279 by a little before 9:30AM EST, but it then fell back to $28.85 in early afternoon trade and ended with a loss of 0.86%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 March, 2013
The gold eased slightly to $1,593.30 in New York, yesterday. In Asia and London it held onto those gains before Fixing at $1,591.50 and in the euro at €1,221.975, while the euro was $1.3024. Ahead of New York’s opening, gold was $1,593.70 and in the euro at €1,226.62. Full Story
U.S.DOLLAR gold prices ticked higher to $1597 per ounce Wednesday morning, holding gains from a day earlier, as the Dollar fell against the Euro despite warnings from a prominent Eurozone policymaker that the crisis in the region is not over. Full Story
Gold remains near the highest level in almost two weeks on prospects of further currency debasement from central banks in Europe, Japan, the UK and the U.S. and continuing robust physical demand in Asia. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 March, 2013
Gold held near unchanged in Asia, but it then jumped higher at about 7AM EST and ended near its late morning New York high of $1598.21 with a gain of 0.77%. Silver surged to as high as $29.35 and ended with a gain of 0.59%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 March, 2013
The gold eased slightly to $1,581.10 in New York, yesterday. In Asia and London it added a dollar before Fixing at $1,582.50 and in the euro at €1,216.372, while the euro was $1.3010. Ahead of New York’s opening, gold was $1,593.70 and in the euro at €1,221.83. Full Story
AFTER trading sideways for several sessions, gold bullion jumped above $1590 an ounce for the first time this month Tuesday morning in London, in what analysts called a "technical" move after gold broke through a key level following remarks from Bundesbank president Jens Weidmann. Full Story
Gold gained for the third straight session, the longest rally this year, on the realisation that the European crisis may worsen. Fitch Ratings cut Italy’s credit rating by one level on Friday. Fitch downgrading Italy is likely providing support as is robust demand in Asia, particularly China. Full Story
The focus is on US retail sales tomorrow. Investor sentiment on gold and silver is highly bearish globally as well as in India. I would say is it is better to invest in physical gold for a period of three years to five years using the March and April price fall (if any). But one needs to wait for some time for futures investing in gold and silver. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 March, 2013
Gold climbed $5.05 to $1583.15 in Asia before it fell back to $1576.40 in London, but it then bounced back higher in New York and ended with a gain of 0.19%. Silver rose to $29.091 in Asia before it fell back to $28.72, but it then rallied back higher in the last few hours of trade and ended with a gain of 0.1%. Full Story
The gold market has managed to start the new week on a slightly higher track and that gives hope to some bulls that the focus of gold and other metals markets might be shifting away from safe haven and toward classic physical commodity fundamentals. However, gold recently has continued to show a negative reaction to positive global economic news and that was clearly the case in the wake of the payrolls report on Friday, where April gold saw a high to low compacted slide of roughly $18 an ounce. Full Story
U.S. DOLLAR gold prices continued to hover around $1580 an ounce Monday morning, in line with last week's trading, while silver dipped back below $29 an ounce after making slight gains in Asian trading. Full Story
Hedge-fund managers and other large speculators decreased their net-long position in New York gold and silver futures last week (week ended March 5), according to U.S. Commodity Futures Trading Commission (CFTC) data. Full Story
There are no major economic numbers today and tomorrow. On Wednesday we have the US February retail sales followed by Thursday’s current account which will set the trend till the Federal Reserve meeting next week. These two numbers are the key. A fall in US retail sales along with a rise in US current account deficit can result in gold rising to $1625 and $1655 by next week and restart the bullish direction. Full Story
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