By: Chris Mullen, Gold-Seeker.com - 16 March, 2012
Gold climbed up to $1664.27 in Asia before it fell back to $1639.54 by a little after 8AM EST, but it then rallied back higher in New York and ended with a gain of 0.13%. Silver slipped to as low as $32.12 before it also rallied back higher in New York and ended with a gain of 0.15%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 March, 2012
New York started gold and silver’s bounce by closing at $1,658 and at $32.46. Asia took the metals higher with London opening at $1,663 before slipping with the euro to $1,553 with the euro at €1: $1.3066. The morning Fix in London was set at $1,649.00 and in the euro at €1,263.021, while the euro stood at €1: $1.3056, barely changed on yesterday. Ahead of New York’s opening it stood at $1,646.55 and in the euro €1,259.64 while the euro was at €1: $1.3071. Full Story
THE SPOT MARKET gold price dropped to $1641 an ounce shortly after US market open – a 4.4% fall on the week – as stocks and commodities were broadly flat, with stock markets looking set for a weekly gain by Friday lunchtime in London. Full Story
Gold traded lower on Friday, moving towards a third straight week of losses on the backdrop of a recovering US economy, which prompted investors to put their money in other vehicles, while India’s plan to double the import duty on gold bullion erased some early gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 March, 2012
Gold dipped a few dollars to $1639.51 by a little after 8:30AM EST, but it then rallied back higher for most of the rest of trade in New York and ended near its late session high of $1666.40 with a gain of 0.93%. Silver surged to as high as $32.86 and ended with a gain of 0.93%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 March, 2012
New York gave us the low at $1,642.80 before Asia stated the bounce taking it up to $1,648, while the euro continued to struggle at €1: $1.3046, while the dollar strengthened against most currencies. The morning Fix in London was set at $1,646.75 and in the euro at €1,262.26, while the euro stood at €1: 3046. Ahead of New York’s opening it stood at $1,647 and in the euro €1,262.65 while the euro was at €1: $1.3045. Full Story
The WHOLESALE-MARKET gold price twice rose within a few cents of $1650 per ounce in London Thursday morning, adding 0.9% from yesterday's fresh 8-week low as industrial commodities ticked lower again. Full Story
Gold has dropped around 8% since late February as institutional funds appeared to have closed out of their bullish gold bets on worries the Fed will not embark on another round of QE to keep interest rates and borrowing costs low. The dollar hit an 11 month high against the yen and a 1 month peak against the euro on Thursday on growing hopes of a US economic recovery and continuing rises in U.S. bond yields. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 March, 2012
Gold bumped up to $1682.29 in Asia, but it then fell back off for most of the rest of trade and ended near its late session low of $1634.10 with a loss of 1.66%. Silver slipped to as low as $31.625 and ended with a loss of 3.1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 March, 2012
New York gave us the strong move we forecast yesterday and it was down to close at $1,670 in New York. London and Asia took it down further to the morning Fix in London which was set at $1,662.00 and in the euro at €1,271.614 down €20, while the euro stood at €1: 3070. Ahead of New York’s opening it stood at $1,648 and in the euro €1,293.11 while the euro was at €1: $1.3053. Full Story
WHOLESALE MARKET gold prices dropped to their lowest level in 8-weeks, hitting $1641 an ounce shortly after US markets opened on Wednesday – 4.4% down on the week so far. Stock markets gained while US Treasury bonds fell, following yesterday's news that US Federal Reserve policy will remain unchanged this month. Full Story
Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at $1,656/oz. Fed Chairman Ben Bernanke offered no insight as to whether there will be another round of QE and the Fed said the economy was "expanding moderately" though growth still faced significant downside risks. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 March, 2012
Gold fell $15.88 to $1683.52 by a little after 9AM EST before it rebounded to $1701.28 by midday, but it then fell to a new session low of $1662.70 after the fed’s statement and ended with a loss of 1.7%. Silver slipped to as low as $33.011 and ended with a loss of 1.13%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 13 March, 2012
After New York closed Just below $1,700 at $1,699.40, Asia lifted it to $1,704 before London opened. The euro traded slightly higher at €1: $1.3168. The morning Fix in London set it at $1,694.75 and in the euro at €1,291.435 down €8, while the euro stood at €1: 3110. Ahead of New York’s opening it stood at $1,695.40 and in the euro €1,293.11 while the euro was at €1: $1.3111. Full Story
SPOT MARKET gold prices drifted as low as $1694 per ounce Tuesday morning in London – 1.3% down on the week so far – while stocks and commodities rose slightly and US Treasuries dipped ahead of today's US Federal Reserve interest rate decision. Full Story
Bernanke may again try and “influence the mood” by suggesting that QE is not imminent which could lead to further short term weakness in the gold price. However, analysts who have been accurate regarding Fed policy in recent years believe that Bernanke is in affect bluffing and the fragile US economic recovery is now massively dependent on near zero percent interest rates and QE. Full Story
By: Chris Mullen, Gold-Seeker.com - 12 March, 2012
Gold fell over 1% to as low as $1692.132 by a little after 10:30AM EST before it rebounded midday, but it still ended with a loss of 0.72%. Silver slipped to as low as $33.34 and ended with a loss of 1.76%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 12 March, 2012
After New York closed at $1,711 Asia at week’s beginning at first saw gold move to $1,713, but London took it down to $1,706 as the euro slipped back to just above €1: $1.31. The morning Fix in London set it at $1,705.25 and in the euro at €1,299.931 up €14 higher, while the euro stood at €1: 3118. Ahead of New York’s opening it stood at $1,704.15 and in the euro €1,299.99 while the euro was at €1: $1.3109. Full Story
THE DOLLAR gold price fell back through $1700 an ounce as US markets opened on Monday, continuing its slide begun when Asian markets opened several hours earlier. The silver price dropped to $33.63 per ounce – a 2.0% fall on last week's close – while stocks and commodities edged lower and US Treasury bond prices gained. Full Story
Gold fell today as the US dollar rallied to its highest price in more than 7 weeks. Investors may be waiting for the US Federal Reserve meeting tomorrow before making further commitments in the market. Full Story
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