Gold fell $13.80 to as low as $1575.50 by about 3:20AM EST, but it then climbed back higher in London and New York and ended near its early afternoon high of $1591.54 with a gain of 0.04% at a new record high. Silver fell to as low as $37.861 before it also rallied back higher and ended near its late morning high of $39.092 with a gain of 0.8%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 July, 2011
Asia saw the gold price slip back from its high of yesterday to reach $1,583 ahead of London’s opening. Then London let it slip further to $1,577 and in the euro down to €1,117.56 and the €1: $1.4111 just after London opened. In London the morning Fix was set at $1,578.50 down from yesterday afternoon’s Fix of $1,590.50. Full Story
DOLLAR gold prices rose to $1583 per ounce Friday morning London time – having dropped back in Asian trade following all-time highs – while stocks and commodities were flat and US Treasury bonds edged up in spite of warnings the US could lose its AAA status. Full Story
Gold is some 0.5% lower against the U.S. dollar and most currencies today but is higher in Australian dollars as the Aussie fell on Australian and global economic growth concerns. Asian equity indices were mixed as are European indices. Full Story
Gold climbed to a new record high of $1594.30 in London before it fell back off in early New York trade and saw a slight loss near $1580 around 11AM EST, but it then rallied back higher in the last two and half hours of trade and ended with a gain of 0.29%. Silver climbed to as high as $39.353 in London before it also fell back off a bit in New York, but it still ended with a gain of 1.52%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 July, 2011
The rise in the gold and silver prices continued in London today after Asia held the gold price at the highs achieved in New York yesterday. Ahead of London’s opening it stood at $1,584 and in the euro at €1,115.18. Unsteadily it rose until the London morning Fix, which remains the most accurate measure of current demand and supply, where it was Fixed at $1,592.50 and in the euro at €1,119. 04 with the dollar moving to €1: $1.4186. Full Story
PRICES to buy gold bullion came within a few cents of $1595 an ounce Thursday morning London time – a new wholesale market record and a 7.8% gain from the July 1 low. Full Story
Gold has risen to new record nominal highs at $1,594.45 per ounce and silver has surged another 3% to over $39 per ounce after yesterday’s 6% rise. Today’s London AM Fix gold fix was $1,592.50 £987.54 and €1,119.04 – all of which are new record nominal highs. Full Story
Gold jumped to a new record high of $1587.59 by late morning in New York before it stabilized in the last couple of hours of trade, but it still closed with an impressive gain of 1.43%. Silver soared to as high as $38.303 before it also moderated a bit in late trade, but it still ended with a gain of 6.64%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 July, 2011
In New York, the gold price justified our warning that gold was in a high-risk area by jumping $20 in a short burst upwards. It has managed to hold that level thereafter with only a small dip to $1,565, before moving up at the morning Fix in London where it was set at $1,571.50 and in the euro at €1,114.62. The euro stabilized at €1: $1.4057 ahead of New York’s opening. The gliding down of the dollar roughly, at the same time as the euro is now showing up in the rising gold price. Today saw the gold price in the dollar start to stir. Full Story
PRICES to buy gold set a new record intraday high Wednesday lunchtime in London at $1577.73 per ounce – slightly above May's previous all-time high – having soared overnight after publication of Federal Reserve minutes hinted at a third round of quantitative easing. Full Story
Gold for immediate delivery rose to new record nominal highs of 987.58 British pounds and 1575.18 U.S. dollars in London this morning. New record nominal highs were seen for gold in euros (1,123.50 euros per ounce), pounds and dollars yesterday. Full Story
Gold fell as much as $7.85 to $1540.55 by about 7:15AM EST, but it then rallied back higher throughout most of trade in New York and ended near it last minute high of $1562.59 with a gain of 0.9%. Silver fell to as low as $34.776 before it also rallied back higher, but it still ended at just unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 July, 2011
New York, then Asia took the gold price up to $1,550 ahead of London’s opening today, but London dropped it back during the morning to Fix at $1,546.50 and in the euro at €1,106.38. The fall in the euro continued as it fell through the $1.40 level back to €1: $1.3959 after the Fix. With the tumble of the euro the dollar has returned as the more credible pricing of gold. The U.S. sees little to talk about on the gold price, yet. Full Story
DOLLAR gold prices fell to around $1543 an ounce Tuesday morning London time – just below where they ended last week – while stocks and commodities took a beating as concerns grew over Italian sovereign debt. Full Story
Equities internationally and bonds in Greece, Ireland, Spain and Italy have fallen this morning while gold rose to new record nominal highs in euros and pounds (over EUR1,118/oz GBP980/oz respectively). The Italian 10 year rose above 6% for the first time and the Spanish 10 year yield rose to 6.12%. US stock futures are pointing to losses on the U.S. opening. Full Story
Gold climbed to as high as $1556.84 by about 10AM EST before it fell back to almost unchanged at $1541.75 in the next hour of trade, but it then rallied back higher into the close and ended with a gain of 0.45%. Silver surged to as high as $36.916 before it fell back to $35.558 and then also bounced back higher in late trade, but it still ended with a loss of 2.22%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 July, 2011
Asia lifted the gold price to $1,547 ahead of London’s opening. When London opened gold in the euro was at a convincing new peak of €1,092.40 [up €14 from the previous peak]. The euro is weak and at London’s opening it stood at €1: $1.4151 and weakening further. At the Fix these levels were confirmed at $1,543.50 and in the euro at €1,092.12. During London’s day the euro fell to €1: $1.4047 ahead of New York’s opening. At the same time gold in the dollar jumped more than $10 to $1,555 and to €1,107, the first time it has stood over €1,100! Full Story
THE U.S. DOLLAR gold price climbed to $1550 per ounce just after midday in London – up 4.2% from the beginning of last week – while stocks and commodities plunged and US Treasury bonds rose after the president of the European Council called a crisis meeting to discuss Italy's sovereign debt. Full Story
Gold has risen to new record highs in pounds and euros as concerns about contagion in the eurozone and stagflation in the UK deepen. The euro has fallen sharply in international markets and is down 1.5% against gold so far this morning. European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis as concerns deepen over the sovereign debt crisis spreading to Spain and Italy. Full Story
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