By: Chris Mullen, Gold-Seeker.com - 19 October, 2012
Gold saw just modest losses in Asia and London before it accelerated lower in late morning New York trade and fell to as low as $1716.10 by about noon EST, but it then bounced back higher in afternoon trade and ended with a loss of just 1.09%. Silver slipped to as low as $31.92 before it also rallied back higher in early afternoon trade, but it still ended with a loss of 2.02%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 October, 2012
New York closed at $1,741.00 down$7.70. This morning, Asia and London dealers dropped it further to $1,733 before it was Fixed at $1,732.75 and in the euro at €1,327.269 while the euro was at €1: $1.3055. Ahead of New York’s opening gold stood at $1,734.43 and in the euro at €1,330.62. Full Story
THE SPOT gold price traded lower to $1732 an ounce Friday morning in London, near one-month lows, while stock markets and the Euro also fell as a two-day European summit came to a close with several issues unresolved. Full Story
Gold pulled back on Friday as shares in Asia were off following a three day rally as investor’s maintained positions ahead of the EU summit outcome on the eurozone debt crisis which should support the euro. Full Story
Gold and silver traded with a softer bias yesterday as demand from India was muted. Below par demand from India at the beginning of festival season has dashed hopes of higher sales for the rest of the festival demand. A weaker Indian rupee against the US dollar has resulted in a rise in Indian gold prices. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 October, 2012
Gold bumped up to $1751.29 in Asia before it fell to $1737.90 by about 8:30AM EST and then rallied back higher into midday, but it then fell back off again in afternoon trade and ended with a loss of 0.44%. Silver slipped to as low as $32.67 and ended with a loss of 1.24%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 October, 2012
New York closed at $1,748.70 up $1. This morning, Asia and London dealers dropped it only by a dollar to $1,746.55 as the euro climbed to $1.3193 as the U.S. dollar continued to slip. At the Fix it was set at $1,748.00 only 25 cents higher. In the euro it was Fixed at €1,331.708, while the euro kept rising through to $1.3114. Ahead of New York’s opening gold stood at $1,747.40 and in the euro at €1,332.57. Full Story
SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London, 0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today's European leaders' summit in Brussels. Full Story
Gold hovered on Thursday, maintaining gains from the last two days and watching for new stimulus from a European Union summit after little reaction to news from China that showed the economy’s seventh quarter of GDP contraction. Full Story
Incoming data so far in October has beaten all street expectations. US housing starts are at a four year high. If the US economy is strong then fundamentally safe haven demand should reduce and gold and silver should fall. However higher gold investment demand at lower prices and central bank accumulation of gold is preventing prices from a fall. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 October, 2012
Gold climbed up to $1753.30 in Asia before it fell back to $1742.79 by a little before 10AM EST, but it then rallied back higher in the next couple of hours of trade and ended with a gain of 0.6%. Silver rose to $33.14 before it fell back to $32.847, but it then rose to a new session high of $33.255 and ended with a gain of 0.61%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 October, 2012
New York closed at $1,747.65 up $11. This morning, Asia and London dealers lifted it to $1,751 as the euro climbed to $1.3110 as the U.S. dollar continued to slip. At the Fix it was set at $1,747.75 only 50 cents higher. In the euro it was Fixed at €1,333.885 down €14, while the euro kept rising through to $1.3103 up 1.5 cents. Ahead of New York’s opening gold stood at $1,746.36 and in the euro at €1,331.07. Full Story
WHOLESALE BULLION prices to buy gold recovered an early dip in London on Wednesday morning, rising back to $1750 per ounce as European stock markets also rose and the single currency hit its best level in more than a month. Full Story
Both precious metals saw further gains in Asia prior to determined selling saw prices gradually fall back late in the Asian trading day and in early European trading. Goldcore’s Head of Research, Mark O’Byrne was interviewed on Bloomberg Television's "The Pulse" with Guy Johnson about his outlook for gold. Full Story
A weaker US dollar, higher stock markets, technical bullishness and huge physical demand of gold in India and other Asian nations has resulted in gains for gold and silver. Copper and crude oil are looking bullish. As long as the US dollar continues to weaken commodities will rise further. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 October, 2012
Gold climbed up to $1747.20 by a little after 10AM EST before it pared its gains a bit midday, but it then rallied back higher again in the last hour of trade and ended just off its last minute high of $1747.69 with a gain of 0.65%. Silver surged to as high as $33.04 before it also fell back off at times, but it still ended with a gain of 0.8%. Full Story
SPOT MARKET prices to buy gold regained some ground Tuesday morning after dropping to a one-month low below $1730 per ounce, gold's lowest level since the US Federal Reserve announced open-ended quantitative easing last month. Full Story
Gold edged up on Tuesday, but its appeal was diminished by positive US retail sales data. In September, The US Federal Reserve committed to buying $40 billion of mortgage-backed securities on a monthly basis only as long as it is needed to improve the labour market. The markets are also waiting on a firm commitment from Spain as to when and how much financial aid it requires as the eurozone crisis lingers on. Physical buying in Singapore saw premiums jump 80 cent per oz above London prices for high quality gold bars. Full Story
Economic numbers from the USA are on the higher side of expectations. Gold and silver have not rallied as per expectations after QE3. This has resulted in profit taking which if it continues till Friday could mark the beginning of a short term bear phase. Long term the bull trend is intact and one should use the current dip in gold and silver to invest for the long term. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 October, 2012
Gold fell to as low as $1732.07 by about 10:30AM EST before it bounced back higher midday, but it still ended with a loss of 1.03%. Silver slipped to as low as $32.62 and ended with a loss of 2.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 October, 2012
New York closed at $1,754.4 down 413.5 on Friday. This morning, Asia and London dealers took it down further to $1,745.20 where it held until it was Fixed at $1,747.25. In the euro it was Fixed at €1,347.563 down €15, while the euro stood at $1.2966 the same as Friday. Ahead of New York’s opening gold stood at $1,747.00 and in the euro at €1,348.36. Full Story
WHOLESALE MARKET gold bullion prices hovered in a narrow range below $1750 an ounce in Monday morning's London session, after recovering some ground lost during Asian trading. "We traded through lots of stop [losses] this morning," said one trader in Singapore, after gold began the week by dropping more than ten Dollars to $1742 per ounce, its lowest level in nearly three weeks. Full Story
Gold saw quick price falls at the open in Asia overnight and hit a two and a half week low, continuing the drop from the prior trading session. Stop loss selling was triggered that counteracted the news of China’s inflation data which hinted at a need for further QE. Full Story
US economic numbers released so far in October show a bright future prospect and have beaten street expectations. Traders and investors are cautious and have not yet jumped into the positive bandwagon. Chinese export and import September numbers are not as bad as has been factored in by the markets. This can result in more losses for gold and silver in the short term. Full Story
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