Gold remained near unchanged in Asia and turned mostly slightly higher in London before it fell back near unchanged in late morning New York trade and then spiked up to as high as $938.65 by about noon EST, but it then fell back off into the close and ended with a gain of just 0.2%. Silver jumped over 1% higher to as high as $14.375 by about noon, but it then fell to its session low of $14.12 in the last couple of hours of trade and ended unchanged on the day. Full Story
THE PRICE OF GOLD held in a tight range Friday morning in London, little changed from last week's close as government bonds ticked higher and world stock markets rose. Recording an AM Gold Fix at $933.75 an ounce, the Gold Price slipped for non-US investors as the Dollar lost ground to the Euro and Sterling. Full Story
Gold rose slightly in Asia and fell to see a modest loss in London before it rose to see a $5.75 gain at as high as $941.15 in midmorning New York trade, but it then dropped back off into the close and ended near its session low of $931.70 with a loss of 0.2%. Silver saw nearly 1% gains in Asia, but it then slowly fell back off for most of the rest of trade and ended near its low of $14.13 with a loss of 0.56%. Full Story
Gold challenged resistance levels around $940 but failed to hold early gains and gave way to selling pressure as the US dollar index strengthened during the session. The failure to hold any gains today sets up another challenge of the week’s low, as a drop to $915 seems likely. Look for the US dollar to challenge overhead resistance at 81.50 to close the week strong. Tomorrow could bring about position squaring that could push markets past recent trading ranges. Full Story
THE SPOT PRICE OF GOLD held steady in a tight range early Thursday, unchanged for the week after Monday's 1.4% drop, as European shares fell for the fifth day running. Full Story
Gold and silver rose roughly 1% in Asia before they fell back off in London to see slight losses at $927.80 and $13.92 by about 8AM EST, but they then rallied back higher in New York and gold ended with a gain of 0.42% while silver characteristically outpaced the yellow metal and added 1.06%. Full Story
The $930 price level for gold has held for the third straight day, with prices closing near the top of today’s trading range, which is a good positive spin on the market. The direction of gold still is strongly influenced by the dollar, which is in the midst of a consolidation pattern, appearing to be an ascending triangle. The dollar must break above 81.50 to shift the momentum bullishly. Full Story
THE PRICE OF GOLD slipped for US and Euro investors but rose towards 3-session highs for UK buyers on Wednesday as the British Pound fell on worsening economic news. Full Story
Gold and silver saw slight gains in Asia and rose over 1% in London to as high as $939.05 and $14.407 by a little after 8AM EST before both metals pared their gains a bit in New York, but gold still ended with a gain of 0.46% while silver closed the day with a gain of 0.42%. Full Story
THE SPOT PRICE OF GOLD recovered two-thirds of yesterday's 1.4% drop for US investors in London on Tuesday, but it dropped further against all other major currencies as the Dollar fell hard on the forex market. Full Story
The movement in the US dollar appears to gaining a bit of momentum, as buying pressure held over the weekend to help contribute to today’s rally. On the charts, a small inverted head-and-shoulders formation is in the works, opening a possibility that the index could rally another 3% higher. Optimism that had helped pushed global equity markets higher has soured as too many traders and investors have sat on one side of the boat, making it tip and causing some to bail out. Full Story
THE SPOT PRICE OF gold fell for US investors but held steady outside the Dollar early Monday as world stock markets and "risk assets" tumbled in the face of a fast-strengthening US currency. 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.
