By: Chris Mullen, Gold-Seeker.com - 20 January, 2012
Gold fell to $1644.48 in London, but it then rallied to as high as $1666.70 in New York and ended with a gain of 0.49%. Silver surged to as high as $32.11 and ended with a gain of 5.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 January, 2012
New York took the gold price down to $1,650 as resistance turned back the gold price, but later it recovered to close at $1,657. Asia held it there ahead of London’s opening. The euro moved slightly better against the U.S. dollar to €1: $1.2978 at London’s opening placing the euro gold price at €1,275.96 down €17 on yesterday. Full Story
WHOLESALE MARKET gold bullion prices in Dollars dropped to $1646 an ounce Friday lunchtime in London – down 1.4% on yesterday's high – as China prepared for the week-long Lunar New Year holiday. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 January, 2012
Gold climbed to $1669.85 in Asia before it fell back to $1649.21 by early afternoon in New York, but it then bounced back higher in late trade and ended with a loss of just 0.26%. Silver rose to $30.88 in London before it fell back to $30.34, but it also bounced back higher in late trade and ended with a gain of 0.2%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 January, 2012
New York lifted the gold price up $15 to $1,662 and Asia held it at that level ahead of London’s opening. The euro moved slightly better against the U.S. dollar to €1: $1.2863 at London’s opening placing the euro gold price at €1,292.08 at London’s opening. Full Story
WHOLESALE PRICES to buy gold and silver with Dollars both eased back after touching new 5-week highs in London, rising 1.3% and 3.0% respectively for the week-so-far as the US currency fell further from this week's 17-month high to the Euro. Full Story
Spot gold rose on Thursday in Asia and has consolidated on those gains on somewhat subdued trading conditions. There are hopes that new flows of funding from the International Monetary Fund will help contain the euro zone debt crisis. However, some investors are concerned that the funding is another form of short term debt based panacea and a further currency debasement. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 January, 2012
Gold climbed $8.38 to $1659.38 in Asia before it fell back to $1642.67 by a little after 10AM EST, but it then rose to as high as $1662.17 in early afternoon New York trade and ended with a gain of 0.67%. Silver slipped to $29.75 in Asia, but it then rose to as high as $30.583 in New York and ended with a gain of 1.53%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 January, 2012
New York pulled the gold price from $1,663.50 to $1,651 before Asia held it at that level ahead of London’s opening. London was inclined to lift the price slightly higher at the opening, while the euro stood then at €1: $1.2766 placing the euro gold price at €1,293.28 at London’s opening. Full Story
THE SPOT MARKET price to buy gold climbed to $1658 an ounce during Wednesday morning's London trade – 0.8% up on Asian session lows – following reports that the International Monetary Fund is seeking to boost its lending capacity by $1 trillion. Full Story
Spot gold has swung between a low of $1,645/oz and a high of $1,660/oz in Asian and early European trading after rising another 1.25% yesterday. Gold spiked above €1,300/oz on continuing concerns about the Eurozone and the euro. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 January, 2012
Gold climbed up to $1667.60 in Asia before it fell back to $1649.90 in late New York trade, but it still ended with a gain of 0.79% from last Friday’s close. Silver rose to as high as $30.575 before it fell back to $29.893, but it still ended with a gain of 1.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 January, 2012
Asia jumped the gold price $23 to $1,666 ahead of London’s opening before slipping back to the $1,660 level just before London opened. The euro fell to the €1: $1.2667 after the European credit downgrades after business on Friday. With the euro recovering slightly in Asia to 1€: $1.2753, gold in the euro rose again to €1,301.60. Full Story
The WHOLESALE MARKET gold price reached new 5-week highs as Asian trade ended and London opened on Tuesday, while global stock markets and commodity prices also rose after stronger-than-expected growth data from China. Full Story
Spot gold has consolidated gains above the 200 day moving average at $1,640/oz. Gold has climbed 1.5% to a one month high, due to concerns about the Eurozone sovereign debt crisis. Risk appetite has returned lifting markets across the board, after China announced better than expected economic growth in the last quarter of 2011. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 January, 2012
After a week in which the relief over lower cost for Spain and Italy on their bond costs led us all to believe there was a turning point in the Eurozone crisis, the downgrades of France and Austria to AA+ from AAA with the risk of further downgrades brought back the harsh reality that the Eurozone debt crisis has a long way to go still. The fall in the euro has been the immediate result and a confirmation of the break in the ‘link’ between the gold price and the euro. Gold is now holding or moving up in all currencies again. Full Story
U.S. DOLLAR spot gold prices climbed to hit$1647 an ounce Monday morning in London – 0.8% below last week's high – while stock and commodity markets were broadly flat as markets absorbed Friday's news of cuts to nine Eurozone sovereign credit ratings. Full Story
Gold’s London AM fix this morning was USD 1,643.50, GBP 1,074.60, and EUR 1,298.90 per ounce. Friday's AM fix was USD 1,642.00, GBP 1,070.27, and EUR 1,281.71 per ounce. Spot gold is again above the 200 day moving average near $1,638/oz. Gold prices have rallied 5% so far in 2012, with the eurozone debt crisis and the growing tension between Iran and the west supporting gold's safe haven status. Full Story
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