Gold saw slight gains in Asia before it fell back off in London to see as much as a $3.50 loss at $931.75 by about 8:30AM EST, but it then exploded back higher midmorning and ended near its high of $939.20 with a gain of 0.28%. Silver followed a similar pattern and sprung from a low of $13.068 to end near its high of $13.45 with a gain of 1.29%. Full Story
Mixed earnings results kept stocks mostly in-check today, leading to a rather quiet day in precious metals. Both gold and silver recovered from early losses overnight but could not muster much strength to test higher levels. Continued improvement in the economy is necessary to keep the bullish spin on gold. Full Story
THE PRICE OF PHYSICAL GOLD slipped into the New York opening on Friday, easing back $2 from a London AM Gold Fix of $934.50 an ounce as global stock markets ticked higher for the fourth session this week. Full Story
Gold reversed slight losses in Asia and London and rose to see a slight gain at $939.85 at the open of trade in New York before it fell to see a $6.75 loss at $932.65 by a little after 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.44%. Silver dropped to as low as $13.139 in early New York trade and then jumped to as high as $13.33 before it also fell back off a bit the last few hours of trade, but it was still able to end unchanged on the day. Full Story
THE PRICE OF GOLD slipped 0.7% early in New York on Thursday, repeating an earlier drop to $935 after gaining $30 an ounce so far this week. European stock markets faltered, cutting earlier gains to 0.5% by late afternoon. Full Story
Gold and silver steadily rose throughout most of world trade and ended near their highs of $941.35 and $13.37 with gains of 1.83% and 2.88%. Euro gold rose to about €666, platinum gained $25.50 to $1151, and copper gained over 9 cents more to about $2.38. Gold and silver equities rose over 4% at the open and remained near their highs into the close. Full Story
The largest gains in the stocks this quarter helped buoy gold prices in a very strong session today. Better than expected earnings reports from Goldman Sachs and Intel over the past two days, coupled with good industrial production figures and higher CPI readings, proved to be a very supportive combination. Continued improvement in the economy is necessary to keep a bid on gold. Weakness and fear of resumption of the recession lends strength to the U.S. dollar ultimately. Full Story
The PRICE OF PHYSICAL GOLD pushed higher once more early Wednesday, rising to its best level since July 2nd at $938 an ounce as world stock market also rose yet again and the United States reported faster-than-expected consumer price inflation. Full Story
Gold saw slight losses in Asia before it rose in London and early New York trade to as high as $927.45 by about 9:30AM EST, but it then fell back off a bit into the close and ended with a gain of just 0.12%. Silver climbed to as high as $12.99 before it also fell back off into the close, but it still ended with a gain of 0.47%. Full Story
Gold prices managed to find some support over the past four sessions around the $910 level on the charts, borrowing most of that support from the equity markets. Since the beginning of June until this week gold lost 7.6%, while the S&P lost 7.0%. During that same time frame, the U.S. dollar is up slightly less than 1.0%, making it is a safe assumption to conclude that currently, gold is linked to the outlook on economic growth. Full Story
THE PRICE OF GOLD jumped to a one-week high of $926 Tuesday lunchtime in London, ticking back with world stock markets and non-US currencies after US retail sales and producer-price inflation both showed a sharper than expected recovery. Full Story
There is another new scenario which I am looking at over the coming years which is (A) There should be a substantial rise in the US savings rate over the coming years (B) Savings rate in China, India and other emerging nations should fall and retail consumption should see a sharp rise in these nations. Full Story
Gold fell slightly in Asia and rose to see a $1.80 gain at $914.40 in London before it fell back off in midmorning New York trade to see a $5.15 loss at $907.45 by about 10AM EST, but it then stormed back higher into the close and ended near its high of $923 with a gain of 0.96%. Silver fell almost 20 cents to $12.432 by about 10AM EST before it also rallied back higher into the close and ended near its high of $12.82 with a gain of 1.19%. Full Story
Gold prices managed to find some support over the past four sessions around the $910 level on the charts, borrowing most of that support from the equity markets. Since the beginning of June until yesterday, gold had lost 7.6%, while the S&P lost 7.0%. During that same time frame, the U.S. dollar is up slightly less than 1.0%. It is a safe assumption to conclude that currently, gold is linked to the outlook on economic growth. Full Story
THE PRICE OF PHYSICAL GOLD reversed an early $4 drop on Monday morning in London, recovering last week's finish at $913 an ounce as Asian stock markets ended the day sharply lower but European equities ticked higher. Full Story
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