By: Chris Mullen, Gold-Seeker.com - 16 October, 2009
Gold fell as much as $6.80 to $1042.70 by about 8:30AM EST before it rose to see a $7 gain at $1056.50 around 11AM EST, but it then fell back off into the close and ended with a gain of just 0.08%. Silver fell to $17.18 and rose to $17.535 before it also fell back off in the last couple of hours of trade, but it still ended with a gain of 0.06%. Full Story
THE PRICE OF GOLD ticked lower in early London trade on Friday, slipping through yesterday's low of $1045 per ounce to hold unchanged on the week Dropping 2.5% from Wednesday's new record high for Dollar investors, the gold price headed towards the weekend lower against all other major currencies bar the Japanese Yen. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 October, 2009
Gold saw slight gains for most of trade in Asia and then fell back off in London to as low as $1046.10 by a little after 8AM EST to see a loss of $17.45 or 1.64% before it rallied back higher for most of the morning in New York to back near unchanged, but it then fell back off in afternoon trade and ended near its earlier low with a loss of 1.32%. Silver fell all the way to $17.323 to see a nearly 3% loss by a little after 8AM EST before it also rallied back higher for most of the rest of the morning, but it then fell back off in late trade and ended with a loss of 2.58%. Full Story
THE PRICE OF GOLD fell sharply on Thursday morning in London, losing 2% from yesterday's new record high to unwind all of the week's gains-so-far for Dollar investors. European shares ticked lower and New York equity futures pointed down after the Dow Jones index closed last night above the 10,000 level for the first time in 12 months. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 October, 2009
Gold struck a new all-time high of $1070.40 in Asia before it fell back off in London to as low as $1055.40 by about 8AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.02%. Silver rose to $18.09 and fell to $17.69 before it also rallied back higher and ended with a gain of 0.28%. Full Story
SPOT GOLD slipped from a new record high of $1070.50 an ounce on Wednesday morning in London, easing back 0.8% as world stock markets jumped and crude oil shot to a 12-month high above $75 per barrel. Full Story
Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively. Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and at a 1 year high, and the dollar again under pressure today, gold continues to eke out gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 October, 2009
Gold traded mixed in Asia before it shot up in early London trade to as high $1068.52 by about 7AM EST and then fell back near unchanged by late morning in New York, but it then rallied back higher into the close and ended near its new all-time high with a gain of 0.82%. Silver climbed to as high as $18.025 in London before it fell to see a 24 cent loss at $17.53 by about 10:30AM EST, but it also climbed back higher in the last few hours of trade and ended with a gain of 0.17%. Full Story
THE PRICE OF GOLD jumped yet again early Tuesday, hitting its fifth record high in six days at the London Gold Fix. World stock markets held flat while the US Dollar slipped on the currency market. US Treasury bonds rose together with German Bunds. Crude oil rose above $74 per barrel, a 7-week high. Full Story
Gold has surged to new record nominal highs above $1.064/oz in trading in Europe this morning. With the US Holiday yesterday gold traded in a $10 range on Monday. In euro and GBP terms, gold is trading at €719/oz and £675.86/oz respectively. Concerns regarding the dollar and rising oil prices seem to be the impetus for gold's new record highs today. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 October, 2009
Gold traded near unchanged in Asia and rose in London and New York to as high as $1058.87 by about 10AM EST before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 0.66% and just 20 cents away from its new record closing high made last Thursday. Silver climbed to as high as $17.913 in early London trade and tested that high midmorning in New York before it also fell back off a bit into the close, but it still ended with a gain of 0.68%. Full Story
THE DOLLAR-PRICE OF GOLD ticked higher Monday morning in London, rising back through $1050 an ounce as world stock markets jumped and the Euro also gained vs. the Dollar. Government bonds pushed higher, as did crude oil, base metals and soft commodities. Full Story
Gold closed Friday night trading at $1,048/oz and is currently trading $7 higher at $1,055/oz. In Euro and GBP terms gold is trading at €716/oz and £669/oz and has also risen sharply in these currencies in recent days and the last month. Full Story
Gold, emerging markets currencies and other safe havens will rise as the world adjusts itself with a less powerful US dollar. I have been writing this for the past few years but the man on the street is witnessing the same. Full Story
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