By: Chris Mullen, Gold-Seeker.com - 16 January, 2015
Gold climbed $22.43 to $1280.93 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.35%. Silver surged to as high as $17.805 and ended with a gain of 4.92%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 January, 2015
New York closed at $1,258.50 up $30.50 as the euro continued tumbling. In Asia and early London the gold price lifted to $1,260.20 with the euro 1.3 cents down at $1.1625. The Fix saw the gold price set at $1,258.25 up $23.00 and in the euro, at €1,082.366 up €26.96 while the euro was ¾ of a cent weaker at $1.1625. Ahead of New York’s opening gold was trading in London at $1,258.00 and in the euro at €1,084.48. Full Story
Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported move. It took place late on Wednesday and was overshadowed by the Swiss National Bank market turmoil yesterday. Full Story
Traders and investors are still grappling with the Swiss effect. The Swiss effect has resulted in gold and silver rising. But it is too early to say whether the higher momentum will continue to rise in the short term. We have the European central bank meeting next week and the FOMC meet on the 28th of January. The Swiss decision to abandon the fixed currency peg will have an impact on decisions by these two big central banks. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 January, 2015
Gold jumped to as high as $1266.38 by late morning in New York before it edged back lower in afternoon trade, but it still ended with a gain of 2.48%. Silver rose to as high as $17.218 and ended with a gain of 0.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 January, 2015
New York closed at $1,228.00 down$2.40 as the euro continued slipping. In Asia the gold price slipped to $1,226.60 down $1.10 with the euro at $1.1765 ahead of London’s opening. The Fix saw the gold price set at $1,235.25 up $6.50 and in the euro, at €1,055.408 up €10.419 while the euro was half a cent weaker at $1.1704. Ahead of New York’s opening gold took off and was trading in London at $1,257.00 and in the euro at €1,074.86. Full Story
Chaos was seen in financial markets today as participants were thrown a curveball when Switzerland surprised the world by removing its three-year cap on the Swiss franc, unpegging it from the euro. This sent the undervalued currency soaring and Europe’s shares and bond yields tumbling. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 January, 2015
Gold dipped down to $1225.39 at about 5AM EST before it popped up to $1244.15 in the next four hours of trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to $16.551 before it rebounded to $17.074, but it then chopped back lower in afternoon trade and ended with a loss of 1.06%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 January, 2015
New York closed at $1,230.40 down $3.40 as the euro continued slipping. In Asia the gold price slipped to $1,227.30 down $11.10 with the euro at $1.1790 ahead of London’s opening. The Fix saw the gold price set at $1,228.75 down $10.25 and in the euro, at €1,044.989 down €4.922 while the euro was half a cent weaker at $1.1758. Ahead of New York’s opening gold was trading in London at $1,229.20 and in the euro at €1,045.77. Full Story
February Brent crude dropped another 79 cents to $45.80 a barrel and West Texas Intermediate crude for was at $45.34, down 55 cents. Copper for delivery in three months on the LME dropped as much as 8.7 percent to $5,353.25 a metric ton, the lowest intraday price since July 2009. Nickel slid 4.6 percent and lead fell 3.8 percent to the lowest in more than two years. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 January, 2015
Gold climbed $10.22 to $1244.02 in Asia before it chopped back lower in London and New York, but it ended with a loss of just 0.28%. Silver rose to as high as $17.187 and ended with a gain of 2.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 January, 2015
New York closed at $1,233.80 up $13.30 as the euro was relatively unchanged. In Asia the gold price rose to $1,238.40 with the euro at $1.1842 ahead of London’s opening. The Fix saw the gold price set at $1,239.00 up $17.00 and in the euro, at €1,049.911 up €14.14 while the euro slightly stronger at $1.1801. Ahead of New York’s opening gold was trading in London at $1,239.30 and in the euro at €1,050.17. Full Story
Gold priced in euros surged through the €1,050/oz barrier to a high of €1,052.04 per ounce this morning. It’s up 7.2% this month, outperforming gold in dollars which is up 4.8%, and building on the 12% gains seen in 2014. Market participants are increasing allocations to gold in order to hedge a ‘Grexit’ and risks posed by euro money printing. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 January, 2015
Gold rose almost 1% to $1230.45 in Asia before it fell back to about unchanged in London, but it then climbed to a new session high of $1235.86 in New York and ended with a gain of 1.09%. Silver rose to as high as $16.662 in early Asian trade before it also chopped back lower in London, but it still ended with a gain of 0.67%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 January, 2015
New York closed at $1,220.50 up $13.2 as the euro strengthened slightly. In Asia the gold price rose to $1,226.40 with the euro at $1.1851 ahead of London’s opening at which the gold price tackled $1,230, the next overhead resistance, before retreating to $1,222 just before the Fix. The Fix saw the gold price set at $1,222.00 up $11.75 and in the euro, at €1,035.77 up €10.677 while the euro slightly weaker at $1.1798. Ahead of New York’s opening gold was trading in London at $1,222.30 and in the euro at €1,035.85. Full Story
Gold for February delivery increased 0.5 percent to $1,222 an ounce on the Comex in New York. Silver was up 0.5 percent at $16.57 an ounce, while platinum increased 0.1 percent to $1,229.49 an ounce and palladium rose 0.1 percent to $801.20. The yellow metal is getting a boost in physical buying of coins and bars in Asia. Premiums on the Shanghai Gold Exchange ranged from $4 and $5 an ounce. Consumers are buying ahead of the Lunar New Year holiday next month. Full Story
US December nonfarm payrolls portrays a very rosy picture of the American economy. Economic data releases suggest that interest rates in USA the should rise sooner than later. The FOMC meeting on the 28th of January is the key event to look for. Gold and silver will zoom if there are any indications that interest rates will not be raised is the USA. Full Story
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