By: Chris Mullen, Gold-Seeker.com - 20 November, 2009
Gold saw decent gains in Asia before it fell almost 1% in London to as low as $1132.70 by a little before 8AM EST, but it then rallied back higher throughout most of trade in New York and ended with a gain of 0.37% at a new record closing high. Silver fell to as low as $18.025 before it also climbed back higher in New York and ended with a loss of just 0.05%. Full Story
THE PRICE OF GOLD slipped for the second day running for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped. Full Story
The US dollar gains and commodities fall slightly. There is no economic news in the US session today. All commodities can fall first and then rise (if key technical supports hold). Base metals are fundamentally bearish while crude oil is technically bearish. Better to remain on the sidelines in the US session and use a sell on rise strategy till these weeks highs are not broken. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 November, 2009
Gold rose a few dollars to as high as $1145.65 in Asia before it fell back off in London and New York to see a loss of $12.20 at as low as $1129.75 by about 11:15AM EST, but it then rallied back higher in the last couple of hours of trade and ended unchanged on the day. Silver followed a similar pattern and ended well of its low of $18.135 with a gain of 0.11%. Full Story
THE PRICE OF GOLD slipped early Thursday in London, losing almost 2% from yesterday's new Dollar record as global stock markets also fell despite a report from the OECD which doubled 2010 growth forecasts for the world's richest economies. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 November, 2009
Gold rose nearly $10 in London and climbed to as high as $1152.87 by about 10AM EST in New York before it fell back off into the close and ended over $10 from its session high with a gain of just 0.29%, but it still closed at a new record high. Silver rose to as high as $18.822 before it also fell back off in the last few hours of trade, but it still ended with a gain of 0.49%. Full Story
THE PRICE OF GOLD leapt in the professional market to yet another all-time Dollar high early in London on Wednesday, coming within 50¢ of $1150 an ounce as global stocks held flat on the MSCI World Index. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 November, 2009
Gold saw slight losses in Asia and fell in London to as low as $1127.10 by a little before 8AM EST, but it then rallied back higher for most of trade in New York and ended near its late session high of $1139.67 with a gain of 0.02%. Silver fell to as low as $18.06 before it also rallied back higher in New York and ended near its late session high of $18.41 with a loss of 0.11%. Full Story
THE PRICE OF GOLD retreated from its seventh new record high in 11 sessions early Tuesday, dipping 1.3% from Monday's late top as world stock markets also fell for only the fourth time in November so far. Full Story
The rise in gold prices in MCX suggest that shorts are being covered and getting converted into longs. Silver and base metals are being dictated by technical factors and continuous inflow of positive economic numbers from all parts of the globe. As long as this continues sharp dips should be used as an opportunity to go long. The US dollar and equity markets will continue to dictate all the commodities. It will be a combination of momentum and technical trade in the US session. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 November, 2009
Gold climbed over 1% to about $1130 in Asia, chopped around that level in London, and then jumped even higher in New York to close at a new record high with a gain of 2.02%. Silver followed a similar pattern and gained 5.94%. Both metals have risen to new highs in after hours access trade and at the time of writing, gold has climbed to as high as $1143.20 while silver has traded at as high as $18.43. Full Story
Gold prices touched new highs today, which is a phrase that perhaps will be worn out in short order. A number of factors helped push gold higher today, with perhaps the main reason coming from the announcement out of the Asian Pacific Economic Council, which represents 23 nations, that the group will maintain economic stimulus measures until more signs of durable growth are found. Full Story
THE PRICE OF GOLD leapt to new all-time highs for Dollar investors at the start of Asian trading on Monday, rising further to a new record Gold Fix of $1128.75 an ounce mid-morning in London. Full Story
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