By: Chris Mullen, Gold-Seeker.com - 19 April, 2013
Gold jumped $36.80 to $1424.80 in Asia before it fell all of the way back to $1391.70 in early afternoon New York trade, but it then bounced back higher in the last few hours of trade and ended with a gain of 0.93%. Silver surged to as high as $23.833 before it fell back to $22.99 and then also bounced back higher, but it ended with a gain of just 0.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 April, 2013
Gold continued to move higher, closing at $1,388 in New York yesterday. In Asia and London it pushed through $1,400 to $1,411 ahead of the Fix. The Fix was set at $1,414 up $17 and in the euro at €1,080.462 up €10 while the euro was at €1: $1.3087. Ahead of New York’s opening it began to slip at $1,411.55 and in the euro at €1,078.59. Full Story
WHOLESALE gold prices rallied above $1400 an ounce Friday morning, with analysts continuing to point to strong demand for physical bullion following gold's sharpest weekly price fall in over four years. Full Story
Global demand for physical is very clearly seen in rising premiums being seen internationally. The drop in prices ignited a spate of buying in gold coins and bars, sending premiums for gold bars to multi-month highs throughout Asia. Demand intensifed overnight as prices rose over $1,400/oz. Full Story
By: Manan Somani, Insignia Consultants - 19 April, 2013
The big question now is how long gold will and silver continue to fall. Two weeks to three weeks fall for me is an investment opportunity, irrespective of the pace of decline. Only if gold and silver remain in a bearish trend for three consecutive quarters that the decade old bullish trend will turn bearish. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 April, 2013
Gold fell $35.17 to $1338.03 in early Asian trade before it rallied back to as high as $1401.90 at about 8:30AM EST and then fell back off a bit in New York, but it still ended with a gain of 1.08%. Silver fell to $22.448 in Asia before it rallied back to as high as $23.657 in early New York trade, but it then fell back off in the next hour and a half of trade and ended with a loss of 0.26%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 April, 2013
After Gold hit a bottom of $1,321 in a vertical fall from $1,580 it bounced back to $1,373 in New York yesterday. The bounce continued in Asia and London today with the morning Fix being set at $1,397 and in the euro at €1,070.17 while the euro was at €1: $1.3063. Ahead of New York’s opening it began to slip at $1,394.35 and in the euro at €1,067.49. Full Story
WHOLESALE prices for buying gold climbed briefly above $1400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia. Full Story
Lower gold prices have led to a rush to buy gold coins and bars globally. Value investors and store of wealth buyers are more than happy to exchange devaluing paper currencies for physical gold at these much cheaper prices. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 April, 2013
Gold climbed $21.28 to $1394.68 by a little after 10AM EST, but it then fell back off for most of the rest of trade and ended near its late session low of $1368.80 with a loss of 0.015%. Silver slipped to $22.86 by a little after 8AM EST before it rebounded to $23.70 in the next couple of hours of trade, but it then fell back off into the close and ended with a loss of 0.9%. Full Story
WHOLESALE MARKET gold prices hovered around $1380 an ounce Wednesday morning in London, little changed from a day earlier, as European stocks continues to fall along with most commodities and US Treasuries gained. Silver hovered around $23.50 an ounce for most of the morning, also little changed from the previous day. Full Story
There are reports of very strong demand for coins and bars from buyers internationally who believe that the sell off that saw gold fall to a two-year low is overdone. Very significant demand is being seen throughout the world for physical bullion – in Japan, India, Australia, the U.S., Europe and elsewhere. The speculative raid by one or two banks which led to the price crash is being seen as a gift by eager buyers internationally. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 April, 2013
Gold fell another $35.40 to as low as $1321.60 in early Asian trade before it rebounded to as high as $1401.97 by a little after 8AM EST, but it then fell back off in New York and with a gain of just 1.21%. Silver slipped to $22.029 in Asia before it climbed back to $23.946 and then also fell back off, but it still ended with a gain of 2.63%. Full Story
SPOT MARKET gold prices fell to a fresh two-year low in Tuesday's Asian trading, dropping to $1322 per ounce, before rallying back above $1386, as stock markets extended yesterday's losses. Silver dropped to its lowest level since September 2010 at $22.10 an ounce before it too recovered some ground. Oil was down on the day by lunchtime in London, while copper ticked slightly higher. Full Story
Bullion for June delivery was 1 percent higher at $1,374.70 an ounce on the Comex in New York after losing as much as 2.9 percent to $1,321.50. CME Group Inc. will increase margin requirements on gold trading, raising the minimum cash deposit for futures 19 percent to $7,040 per 100-ounce contract at the close of trading today, Chicago-based CME said in a statement. Full Story
By: Manan Somani, Insignia Consultants - 16 April, 2013
How long will gold and silver fall continue is a bit difficult to comment. I still maintain that fifty percent corrections from the high are a part and parcel of a long term bull rally. One needs to have spare investible funds so that they can start investing in gold and silver in very small amounts and aggressively if and when gold prices near $1000. If you are already invested in gold and silver then you will get positive returns from 2015 onwards. Full Story
By: Chris Mullen, Gold-Seeker.com - 15 April, 2013
Gold relentlessly fell throughout most of world trade and ended near it late session low of $1349.75 with a loss of 8.81%. Silver slid to as low as $22.805 and ended with a loss of 12.69%. Full Story
With another massive washout overnight, the gold market is probably seeing both technical and fundamental liquidation. While some might suggest that news of a decline in Indian gold imports of 24% facilitated the latest slide in gold prices, the gold market was already fully involved in a washout before the Indian import news was known. However, seeing Indian January through March gold imports decline by 24% relative to last year and seeing predictions of a continuation of that slack demand pattern in April, has certainly weakened the foundation of gold. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 15 April, 2013
Gold closed in New York at $1,488 on Friday down $73.00. After hours the gold price fell back in Asia to $1,438 down another $50. All this ahead of London’s opening. In London the gold price was Fixed in London at $1,416.00 down $132 of Friday’s Fix and in the euro at €1,083.31 down €103 on Friday’s a.m. Fix, while the euro was at €1: $1.3071. Ahead of New York’s opening it began to recover at $1,427.35 and in the euro at €1,089.33. Full Story
SPOT MARKET gold prices fell to a two-year low below $1400 an ounce Monday morning, extending Friday's drop that took gold into bear market territory under the definition of a 20% fall from its peak. Silver fell as low as $23.11 an ounce, its lowest level since October 2010, as stocks and commodities also fell while the Dollar gained. Full Story
There is blood running in the gold market this morning after vicious selling which began on Friday afternoon and continued in Asian trading and through into European trading. Gold has fallen another 4.4% today after a huge number of stop loss orders were triggered at $1,480/oz pushing gold lower. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
