By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 April, 2011
Gold continued to rise overnight and during the day in London. The main feature was its rise in the euro, because the $: € exchange rate barely changed overnight. It stands at $1.4565. It Fixed at $1,472.50 and in the euro at €1,018.61 up over €11 on the day. This is not exchange rate related but a pure move up by gold. After the Fix and ahead of New York’s opening it rose $1,477. Full Story
WHOLESALE-MARKET PRICES to buy silver and gold jumped at the start of Asian trade on Friday, hitting new 31-year and all-time Dollar records respectively, as Beijing reported a surge in China's growth and inflation rates. Full Story
Gold and silver have reached new all time and 31 year record highs in trading in London this morning. Silver is particularly strong and the euro particularly week on sovereign debt contagion concerns. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 April, 2011
Gold climbed almost $10 to $1463.79 in Asia before it fell back off in London and saw a slight loss at $1452.40 at about 7AM EST, but it then rose to a new session high of $1473.90 by early afternoon in New York and ended with a gain of 1.18%. Silver climbed to $41.38 in Asia before it fell back to $40.50 in London, but it then rose to a new session high of $41.743 by early afternoon in New York and ended with a gain of 3.45% at a new 31-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 April, 2011
Gold closed at around $1,452 in New York yesterday and held that level in Asia until closing time there. Then, just before London opened it jumped to $1,462. During London’s morning in line with the dollar it pulled back slightly to Fix at $1,457.50 and in the euro at €1,007.81. For the rest of London’s day ahead of New York’s opening it remained lackluster at $1,455. Full Story
LONDON'S WHOLESALE-MARKET price for gold fell against a rising US Dollar in London on Thursday, dropping back to $1454 per ounce but rising for Euro and Sterling buyers as world stock markets fell alongside commodities. Full Story
Gold is tentatively higher against the euro but mixed against other currencies while silver is again higher against most currencies. Both probed higher this morning and are exhibiting signs that they may push higher prior to a much anticipated correction. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 April, 2011
Gold climbed $9.05 to $1462.15 at about 9AM EST before it dropped back to $1451.14 by early afternoon in New York, but it still ended with a gain of 0.08%. Silver surged to as high as $40.743 before it fell back to $40.085, but it then bounced back higher in late trade and ended with a gain of 0.45%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 April, 2011
The London morning Fix was strong, yesterday at $1,461.25 then fell to $1,450.50 at the p.m. Fix. More importantly the morning Fix in the euro was at €1,011.11 and at €1,001.66 in the afternoon. We see this as selling from U.S. investors who look at dollar prices alone. Overnight, the Asian markets bought the ‘dip’ and took the price back up to $1,458.80 showing the resilience of Asian demand. Today’s morning Fix was set at $1,458.00 and at €1,006.49. Full Story
THE PRICE OF PHYSICAL gold investment bars in wholesale trading regained half of the week's near-2% drop on Wednesday in London, touching $1462 per ounce as global stock markets ticked higher and government bonds eased back. Full Story
Stocks are higher in Europe after gains in Asia despite losses on Wall Street yesterday. Gold and silver are showing tentative gains after 1% declines yesterday. Gold is particularly strong in yen terms as the yen has weakened against all 16 of its major peers (see cross currency tables). China’s yuan climbed to a 17-year high versus the dollar but is lower against the precious metals. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 April, 2011
Gold reversed overnight losses and rose to see a $0.59 gain at $1467.29 by about 9AM EST before it dropped back down to as low as $1444.08 by midmorning in New York, but it then bounced back higher in late trade and ended with a loss of just 0.93%. Silver climbed to as high as $40.878 before it dropped to as low as $39.72 and then also bounced back higher in late trade, but it still ended with a loss of 1.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 April, 2011
A breather day for gold and silver as the usual ebb after a flow kicked in taking gold back to $1,460 and silver back to $40.50. The dollar was no stronger though at $1.4454. In the euro their prices were silver €28.01 and gold €1,010.55 back from €1,018. At the Fix, the gold price dropped to $1,461.25 and €1,011.55. Full Story
THE PRICE OF physical gold slipped to a 3-session low in London trade on Tuesday, bouncing higher from $1455 per ounce – 1.5% below yesterday's new Dollar high – as world stock markets fell and major-economy government bond prices rose. Full Story
Gold is marginally lower in all currencies today except sterling after UK retail sales plunged the most on record in March due to deepening inflation. Consumer’s finances in the UK and internationally are being negatively impacted by food and energy inflation showing the UK’s vulnerability to a double dip recession and stagflation. Gold rose 0.5% in sterling over the £900/oz mark again. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 April, 2011
Gold climbed to a new all-time high of $1475.60 in Asia before it fell back to $1463.70 in London and then bounced back higher in New York, but it still ended with a loss of 0.41%. Silver surged to a new 31-year high of $41.94 in Asia before it fell back to as low as $40.555 in early afternoon New York trade, but it still ended with a gain of 0.1%. Both metals are, however, falling in after hours access trade. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 April, 2011
A new week and a new world for gold and silver! Gold traded higher in Asia reaching $1,475 before London opened. At the Fix, the gold price dropped to $1,469.50 and €1,016.60, as the largest gold market in the world balanced demand and supply, the world over. The dollar is sliding against all hard currencies, but particularly against the euro where it fell to $1.4464 in the London’s morning. Yet again, the gold price is a dollar story not a jumping gold price! Full Story
WHOLESALE-MARKET gold prices rose at the start of Asian trade on Monday, touching new all-time highs above $1476 per ounce before slipping 0.4% as world stock markets held flat and European Brent crude oil ticked back to $125 per barrel. Full Story
Gold and silver rose to new record nominal highs (all time and 31 year respectively) in Asian trading overnight. Both have given up earlier gains with profit taking being cited. Cash silver surged nearly 3% in Asia to $41.9525 an ounce, a new 31 year high, before trading at $41.31 an ounce. Full Story
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