By: Chris Mullen, Gold-Seeker.com - 17 October, 2014
Gold edged up to $1241.19 in Asia before it fell back to $1231.88 by midmorning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.14%. Silver slipped to as low as $17.232 and ended with a loss of 0.58%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 October, 2014
The gold price closed at $1,239.50 up $1.70 on Thursday. Asia took it slightly higher over $1,240 ahead of London’s opening. The euro is only slightly stronger than of late at $1.2805. The Fix was set $1,238.00 down $3.00 and in the euro at €966.885 down €2.495, while the euro stood stronger at $1.2804. The volumes of gold traded were two seller selling 36,000 ounces and two buyers buying 26,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,237.10 and in the euro at €966.07. Full Story
We believe that the “Save Our Swiss Gold” campaign has the potential to be a game changer in the gold market - both in terms of the ramifications for the current global monetary system and in terms of higher gold prices. Full Story
Some of the Federal Reserve officials are giving an indication of a delay in interest rate hikes next year on lack of growth in the Eurozone. On the contrary incoming US economic data releases point to sustainable growth on the back of low energy prices. There are no big data releases next week. It will be a technical trade with US dollar as the key. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 October, 2014
Gold saw slight gains in Asia and London before it dropped down to $1235.18 at about 9:15AM EST, but it then climbed back to $1244.35 by late morning in New York and ended with a gain of 0.14%. Silver slipped to as low as $17.21 and ended with a loss of 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 October, 2014
The gold price closed at $1,237.80 up $4.40 on Wednesday. Asia took it higher to $1,239.75 ahead of London’s opening. The euro is over 1.5 cents stronger at $1.2802. The Fix was set $1,241.00 up $17.50 and in the euro at €969.380 up €1.805, while the euro stood stronger at $1.2802. The volumes of gold traded were one seller selling 32,000 ounces and two buyers buying 18,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,242.80 and in the euro at €976.81. Full Story
Gold retained sharp overnight gains today to trade near its highest in over a month as investors sought safety amid increasing concerns over a slump in the global economy. Gold rose to its highest since September 11 at $1,249.30 yesterday. Full Story
Indian demand for jewelry and investment purposes in physical gold and silver has been very high and will continue to remain strong for another week. Apprehensions over the sustainability over US economic growth resulted in a rise bond prices followed by a rise in bullion prices. Investors now are nearing the conclusion that only US economic growth cannot lift global economic growth (next year). Full Story
By: Chris Mullen, Gold-Seeker.com - 15 October, 2014
Gold dropped $11.44 to $1221.96 at about 6AM EST before it spiked up to $1249.58 in the next four hours of trade and then chopped back lower at times, but it still ended with a gain of 0.36%. Silver rose to as high as $17.809 and ended with a gain of 0.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 October, 2014
The Fix was set $1,223.50 down $9.50 and in the euro at €967.575 down €7.373, while the euro stood weaker at $1.2645. The volumes of gold traded were three sellers selling 38,000 ounces and one buyer buying 18,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,223.80 and in the euro at €967.78. Full Story
Litigation alleging that Deutsche Bank, Bank of Nova Scotia and HSBC Plc illegally fixed the price of silver were centralised in a Manhattan federal court yesterday. The banks have been accused of rigging the price of billions of dollars in silver to the detriment of investors globally. Full Story
Gold has to break and trade over $1253 by next Friday (24th October) for further gains. In case gold does not break and trade over $1253 by next Friday, then it will fall to $1176 and $1142 (this is just the potential technical picture). Silver needs to break and trade over $1810 by 24th October for further gains. In silver does not break and trade over $1810 then chances of a fall to $1664 and $1496 will be very high. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 October, 2014
Gold waffled between $1237.04 and $1232.24 in Asia before it jumped up to $1238.17 in London and then dropped back to $1231.29 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.06%. Silver climbed up to $17.563 before it dropped back to $17.335 and then also edged back higher, but it still ended with a loss of 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 14 October, 2014
The Fix was set $1,233.00 up $5.00 and in the euro at €974.949 up €5.807, while the euro stood weaker at $1.2647. The volumes of gold traded were three sellers selling 48,000 ounces and one buyer buying 32,000 ounces before the pro rat arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,233.2 and in the euro at €974.70. Full Story
The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws nearer. Full Story
A weaker US dollar, expectations of reduced interest hikes by the Federal Reserve and higher demand in Asia, should contribute to higher gold and silver prices today and for the rest of the week. Global financial conditions have not changed since last week. Geopolitical risks have had a negligible impact on bullion prices. China, Russia and even Switzerland could be increasing their gold reserves. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 October, 2014
Gold climbed $12.16 to $1235.86 in Asia before it fell back to $1225.13 in London, but it then rallied back higher in New York and ended with a gain of 0.74%. Silver rose to as high as $17.583 and ended with a gain of 0.58%. Full Story
Gold jumped sharply in the early Asian trading Monday as a safe haven bid came into the market. Gold in Singapore rose as high as $1,235 an ounce prior to concentrated selling in London pushed prices lower again. At the open in London, gold climbed to $1,237.30 an ounce, near a 4 week high, prior to selling saw gold fall back to $1,225/oz. Full Story
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