By: Chris Mullen, Gold-Seeker.com - 15 August, 2014
Gold edged up to $1315.09 at about 5:30AM EST before it dropped down to $1292.87 in the next four hours of trade and then bounced back higher in late morning trade, but it still ended with a loss of 0.68%. Silver slipped to as low as $19.519 and ended with a loss of 1.51%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 August, 2014
The gold price closed at $1,313.00 up $1.40 on Thursday in New York. In Asia, gold prices rose slightly to $1,314.4 ahead of the opening in London. The gold price was Fixed at $1,313.50 down $1.50 and in the euro at €980.078 down €1.778, while the euro was stronger at $1.34.02. Ahead of New York’s opening, gold was trading at $1,312.40 and in the euro at €981.31. Full Story
Overnight, silver and gold in singapore were flat as they were in London prior and after the new ‘LBMA silver price’. Futures trading volume has picked up and was about average for the past 100 days this morning. Gold and silver remain in very tight ranges which usually precedes a sharp move higher or lower. Given the poor economic data recently and geopolitical backdrop we expect gold and silver to break higher in the coming days as we enter the seasonal sweet spot for gold and silver. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 August, 2014
Gold traded mostly slightly higher in Asia before it dropped back down to $1308.83 in London and then jumped up to $1318.30 in early New York trade, but it then drifted back lower into midday and ended with a gain of just 0.11%. Silver slipped to as low as $19.803 at one point, but it then bounced back higher into the close and ended with a gain of 0.4%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 August, 2014
The gold price closed at $1,311.60 up $2.10 on Wednesday in New York. In Asia, gold prices rose slightly to $1,312 ahead of the opening in London. The gold price was Fixed at $1,315.00 up $4.00 and in the euro at €981.856 up €1.438, while the euro was stronger at $1.3393. Ahead of New York’s opening, gold was trading at $1,315.40 and in the euro at €983.48. Full Story
Overnight, gold was slightly lower In trading in Singapore. Gold in London eked out very slight gains this morning. Futures trading volume picked up somewhat but remained 18% below the average for the past 100 days this morning. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 August, 2014
Gold dropped $4.76 to $1304.94 by a little after 8AM EST before it jumped up to $1314.94 in the next few hours of trade and then chopped back lower at times, but it still ended with a gain of 0.15%. Silver slipped to as low as $19.714 and ended with a loss of 0.6%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 August, 2014
The gold price closed at $1,309.70 up 60 cents on Tuesday in New York. In Asia on Tuesday gold prices eased slightly to $1,307.50 ahead of the opening in London. The euro began to fall again and stood at $1.3368. The gold price was Fixed at $1,309.25 down $1.75 and in the euro at €980.418 down €2.341, while the euro was at $1.3354. Ahead of New York’s opening, gold was trading at $1,308.90 and in the euro at €979.46. Full Story
Gold is tethered to the $1,305/oz to $1,310/oz level again this morning - as it was for much of yesterday after ending Tuesday little changed for a second session. Gold has barely moved since late Friday, after closing last week at $1,309/oz despite heightened geopolitical risk. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 August, 2014
Gold climbed $8.43 to $1317.53 at about 10:30AM EST before it fell back to $1308.33 at about 1:30PM, but it then bounced back higher in late trade and ended with a gain of 0.05%. Silver edged up to $20.145 in Asia before it fell back to $19.873 by early afternoon in New York and then bounced back higher, but it still ended with a loss of 0.4%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 August, 2014
The gold price closed at $1,309.10 down $2.30 cents on Monday in New York. In Asia on Tuesday gold prices eased slightly to $1,307.50 ahead of the opening in London. The euro began to fall again and stood at $1.3368. The gold price was Fixed at $1,311.00 up $2.75 and in the euro at €982.759 up €5.432, while the euro was weaker at $1.334. Ahead of New York’s opening, gold was trading at $1,311.80 and in the euro at €983.43. Full Story
Gold popped higher today as equities fell on news that a Russian aid convoy is heading to Ukraine and on signs that the new deepening tensions and risk of conflict with Russia is hurting confidence in the euro zone economy. Full Story
Gold and silver are firm due to developments in Iraq. Iraq's president named a new prime minister to end Nuri al-Maliki's eight year rule yesterday. But the veteran leader refused to go after deploying militias and special forces on the streets, creating a dangerous political showdown in Baghdad. Traders and investors will be closely watching the developments in Iraq and more so in whether US air attacks have been able to control the spread of ISIS. Full Story
By: Chris Mullen, Gold-Seeker.com - 11 August, 2014
Gold fell $5.91 to $1305.49 in Asia before it bounced back to $1311.30 in London and then chopped back lower in morning New York trade, but it then edged back higher in the last four hours of the day and ended with a loss of just 0.78%. Silver slipped to as low as $19.849 in Asia, but it then rose to as high as $20.103 in New York and ended with a gain of 0.35%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 11 August, 2014
The gold price closed at $1,311.40 down 20 cents on Friday in New York. In Asia on Monday gold prices were down at $1,306 ahead of the opening in London. The euro was at $1.3392 with a wide spread. The gold price was Fixed at $1,308.25 down $9.25 and in the euro at €977.327down €6.69, while the euro was at $1.3386. Ahead of New York’s opening, gold was trading at $1,309.90 and in the euro at €978.16. Full Story
Gold is marginally higher in London this morning after gold in Singapore fell to test $1,305/oz overnight. Futures trading volume was 40% below the average for the past 100 days this morning and trade remains lackluster with many traders on holidays. Geopolitical tensions remain high and should support gold. Yesterday, artillery shells exploded on the outskirts of the Ukrainian city of Donetsk as government forces aggressively targeted and called on pro-Russian separatists to surrender. Full Story
Trading volumes in gold and silver are way below normal. August is the last of the summer months. Gold should rise when trading volumes rise. In case gold does not break and trade over $1370 by the second week of September, then there are huge chances of a fall to $1230 and $1180. (This could be the technical picture). Gold will break free from the $1230-$1280-$1360 range by the end of September and form a new range. Full Story
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