Gold spiked up to $1633.42 by a little before 8:30AM EST before it fell back to $1619.87 in the next 20 minutes of trade, but it then chopped its way back higher into the close and ended with a gain of 0.12%. Silver surged to $28.844 before it dropped back to $28.538 and then rallied back higher at times, but it ended at just unchanged on the day. Full Story
Gold closed in New York at $1,624.30. The Fixing in London today was set at $1,619.00 the same as yesterday morning. In the euro it was set at €1,289.834 again the same as yesterday. Ahead of New York’s opening gold stood at $1,624.50 and in the euro, €1,287.85 while the euro was at €1: $1.2614. Full Story
SPOT MARKET prices for gold bullion traded above $1620 an ounce during Friday morning's London session – a gain of nearly 4% for the month so far. Stock markets and major government bonds rallied, with analysts speculating on the prospects for further monetary stimulus, including a possible third round of quantitative easing (QE3) from the Federal Reserve, whose policymakers meet next week. Full Story
Gold edged up $5.50 or 0.34% yesterday in New York and closed at $1,624.30/oz. Gold traded sideways in Asia and is remaining in a narrow range holding above $1,620/oz in European trading. Gold climbed for its 6th session, its longest rally since October, on news that the US recovery shows signs of faltering. Gold has crept gradually higher again this week and appears to be consolidating on the sharp gains seen on June 1st when gold surged after the poor jobs number (see chart below). Full Story
Gold jumped up to $1627.84 by a little before 8:30AM EST before it dropped back to $1610.33 in the next hour of trade, but it then rallied back higher into the close and ended with a gain of 0.34%. Silver slumped to as low as $28.21 before it also rebounded, but it still ended with a loss of 0.62%. Full Story
WHOLESALE MARKET gold prices rose to $1627 an ounce shortly ahead of US trading on Thursday – their highest level so far this week – immediately following the publication of US economic data. Silver prices by contrast continued to trade sideways, hovering around $29 an ounce – around 1.6% up on where they started the week. Full Story
Gold closed in New York at $1,618.80 and in London’s early morning rose slightly to $1,619.75. The Fixing in London today was set at $1,619.00 up $6.25. In the euro it was set at €1,289.834 up€6.7. Ahead of New York’s opening gold stood at $1,620.68 and in the euro, €1,288.30 while the euro was at €1: $1.2580. Full Story
Gold climbed $7.20 or 0.45% yesterday in New York and closed at $1,618.80/oz. Gold traded sideways in Asia prior to a sudden buying bout which saw gold rise from $1,618/oz to $1,625/oz. Those gains have gradually been given up in European trading where gold is now trading near yesterday’s close. Full Story
Gold dropped $4.12 to $1607.48 by a little after 7:30AM EST before it surged to as high as $1624.48 in the next couple of hours of trade and then fell back off in early afternoon New York trade to almost unchanged by about 2:30PM EST, but it then rallied back higher into the close and ended with a gain of 0.45%. Silver slipped to $28.74 before it shot up to $29.118, but it then fell back off midday and ended with a loss of 0.48%. Full Story
The WHOLESALE MARKET gold price rose again as New York trading began on Wednesday, extending yesterday's 1.8% jump to reach $1620 per ounce as new data showed US retail sales falling faster-than-expected in May. Full Story
Gold closed in New York at $1,611.60 and in London’s early morning fell to $1,608. The Fixing in London today was set at $1,612.75 up $23.5. In the euro it was set at €1,286.187 up12. Ahead of New York’s opening gold stood at $1,612.28 and in the euro, €1,284.79 while the euro was at €1: $1.2549. Full Story
Gold edged up again today as Spain’s 10 year bond yield’s hit a euro-area high nearing the 7% level, which led investors to question Madrid’s access to the bond markets. Italy’s bond sale is scheduled for Thursday. While the gold price has not surged as expected and appears to be consolidating near the $1,600/oz level (€1,300/oz and £1,000/oz), there has been a definite increase in demand in recent days, particularly this week and this morning, as the crisis is again leading to safe haven demand – particularly from European buyers. Full Story
Gold fell $13.81 to $1586.39 by a little before 6AM EST, but it then shot back higher in morning New York trade and ended near its midday high of $1617.38 with a gain of 0.71%. Silver surged to as high as $29.042 and ended with a gain of 1.29%. Full Story
BULLION prices on the wholesale gold market rose back above $1600 an ounce shortly before Tuesday's US trading, after failing to breach that level in the earlier Asian session, while European stock markets also ticked higher after a quiet morning's trading. Full Story
Gold closed in New York at $1,600.20 and in London’s early morning fell to $1,591. The Fixing in London today was set at $1,589.25. In the euro it was set at €1,271.40. Ahead of New York’s opening gold stood at $1,590.40 and in the euro, €1,271.15 while the euro was at €1: $1.2511. Full Story
Gold climbed $5.60 or 0.35% yesterday in New York and closed at $1,600.20/oz despite stock markets giving up early gains on misguided optimism regarding the Spanish “bailout”. Gold fell initially in Asia before trading sideways and this range trading has continued in European trading. Gold edged higher Tuesday after hopes were dashed that Spain's bank bailout would be the panacea that would lead to alleviating the eurozone debt crisis. Full Story
Gold climbed $8.44 to $1603.04 in Asia before it fell back to as low as $1581.60 by about 10AM EST in New York, but it then climbed back higher for most of the rest of trade and ended with a gain of 0.35%. Silver rose to $28.956 in Asia before it dropped back to $28.299, but it also rallied back higher in late trade and ended unchanged on the day. Full Story
SPOT MARKET gold prices dropped back below $1600 an ounce Monday morning in London, having briefly risen above that level in Asian trading, as stocks and the Euro also began the week strongly and US Treasuries fell following news that Spain is to receive a bailout. Full Story
Gold climbed on Monday, on news Saturday that Eurozone finance ministers will help bailout Spain’s banks’ lending 100 billion euros ($125 billion). This helped strengthen the euro and riskier assets, and hurt the dollar. This action drove US gold futures up 1.1% to $1,609.30 for August delivery. It saw money managers increase their US gold futures up 27% to 98,426 contracts in the week ended Jun 5th, the biggest jump since September 2009. Silver longs also climbed up 1/3 to 6,549 contracts from 4,912 the previous week. Spot silver reached a daily high of nearly 2% to $29, before edging down to $28.89. Full Story
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