By: Chris Mullen, Gold-Seeker.com - 17 February, 2012
Gold bumped up to $1735.40 at about 8:30AM EST before it fell all of the way back to $1717.12 by late morning in New York and then bounced back higher in afternoon trade, but it still ended with a loss of 0.36%. Silver slipped to as low as $33.05 before it also bounced back higher, but it still ended with a loss of 0.93%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 February, 2012
New York took the gold price back up to $1,728.4 and Asia lifted it even higher to $1,732 ahead of London’s opening. London held it at that level and took the euro. The euro opened in London at €1: $1.3158 up 1% on yesterday. Gold held steady €1,316.31 only slightly down on yesterday. Full Story
SPOT MARKET prices for buying gold held just above $1730 an ounce during flat trading this morning in London, as speculation continued over whether a Greek bailout will be agreed next week. Prices for buying silver were also very flat – hovering above $33.50 an ounce – as were those for commodities and stocks ahead of President's Day in the US on Monday. Full Story
Gold fell $23.50 to as low as $1705.80 by about 1200 GMT, but then rose strongly for most of the trading session and closed near high of $1729.91 - for a loss of just 0.05%. Gold ticked higher in Asian trade touching $1,735.18/oz and is marginally lower in Europe. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 February, 2012
Gold fell $23.50 to as low as $1705.80 by about 9AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1729.91 with a loss of just 0.05%. Silver slipped over 2% to as low as $32.643 before it also stormed back higher in New York and ended near its late session high of $33.548 with a gain of 0.24%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 February, 2012
With gold now sitting at $1,716 in London’s morning, after a fixing in London at $1,733.00 yesterday p.m., the market is seeing the euro slip, taking gold and silver down with it. The euro opened in London at €1: $1.2992 as the market mood turned against the Eurozone. In London, gold Fixed at $1,716.00 and in the euro at €1,320.508. In the euro gold is doing well but is sad in the dollar. The euro held at €1: $1.2997 ahead of New York’s opening and gold started to rise through $1,718.00 leaving the euro gold price at €1,321.84. Full Story
WHOLESALE MARKET prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece. Full Story
Gold’s London AM fix this morning was USD 1,716.00, EUR 1,320.51, and GBP 1,094.74 per ounce. Yesterday's AM fix was USD 1,725.50, EUR 1,309.88, and GBP 1,099.33 per ounce. The World Gold Council released its comprehensive report today, “Gold Demand Trends Q4 and Full Year 2011” looking at demand in gold demand in full year 2011 and the 4th quarter of 2011. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 February, 2012
Gold climbed as much as $18.10 to $1737.20 by a little after 9AM EST before it fell all the way back to $1720.41 by a little after 2PM, but it then bounced back higher in late trade and ended with a gain of 0.59%. Silver surged to as high as $33.942 before it fell back to as low as $33.09 and then also rebounded, but it still ended with a loss of 0.33%. Full Story
SPOT MARKET gold prices rose to $1732 per ounce Wednesday lunchtime in London, slightly above where they started the week, as European stock markets dipped amid ongoing uncertainty over Greece's second bailout. Full Story
Gold ticked higher in Asia to $1,730/oz but has again shown weakness in early morning trade in Europe and is trading at $ 1,725.90. Gold is being supported by the never ending Greek debt saga and increased tensions between Israel and Iran which has seen US crude rise above $101 per barrel. Gold continues to consolidate between $1,700/oz and $1,763/oz. After the strong gains seen in January, more consolidation at these levels may be necessary prior to gold challenging $1,800/oz. Full Story
By: Chris Mullen, Gold-Seeker.com - 14 February, 2012
Gold fell $11.40 to $1712.00 by a little after 8AM EST before it rallied up to $1727.40 in the next couple of hours of trade, but it then fell back off midday and ended with a loss of 0.25%. Silver slipped to $33.329 before it rebounded to $33.818, but it then fell to a new session low of $33.257 and ended with a loss of 0.56%. Full Story
THE WHOLESALE market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day's high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night. Full Story
Gold fell overnight in Asia despite the Moody’s European downgrades and very gold friendly news regarding the very poor Japanese and US fiscal positions. Moody’s Investors Service cut the debt ratings of six European countries including Italy, Spain and Portugal and said it may strip France and the U.K. of their top Aaa ratings. Full Story
By: Chris Mullen, Gold-Seeker.com - 13 February, 2012
Gold climbed $13.72 to $1733.32 in Asia before it fell back to $1716.19 by a little before 10AM EST, but it then bounced back higher midday and ended with a gain of 0.22%. Silver rose to $34.025 in Asia before it slipped back to $33.45, but it also rebounded midday and ended with a gain of 0.69%. Full Story
SPOT MARKET gold prices touched $1733 per ounce Monday morning – 0.5% up on last week's close – as stock markets, commodities and the Euro all rallied following Greece's vote in favor of new austerity measures. Full Story
Gold opened in Asia nearly $13 higher at $1,734.90/oz (after closing at $1,719.60 on Friday) prior to giving up those gains and trading back near Friday's close at $1,720/oz in early Asian trade. It then gradually rose back to challenge the $1,734/oz level and is currently in the middle of the range between $1,720 and $1,735 (see chart below). Full Story
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