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Weekly Archives

By: Chris Mullen, Gold-Seeker.com - 20 December, 2013

Gold edged up to $1198.78 in Asia before it fell back to $1191.41 in London, but it then climbed to a new session high of $1207.47 in New York and ended with a gain of 0.84%. Silver rose to as high as $19.531 and ended with a gain of 0.73%. Full Story

By: GoldSeek.com - 20 December, 2013

COT Gold, Silver and US Dollar Index Report - December 20, 2013 Full Story

By: GoldCore - 20 December, 2013

Gold fell below support at $1,200/oz yesterday and is vulnerable to a further test of the June 28th low of $1,180.50/oz. A close below $1,180.50/oz could lead to prices falling to $1,100/oz and the next level of support is $1,000/oz. Full Story

By: Manan Somani, Insignia Consultants - 20 December, 2013

Energy prices are on the rise before the New Year which should lend support to gold and silver at some point of time before the close of the year. Momentum is bearish but technically oversold. The US dollar has not gained in a big way against the euro or cable despite the tapering suggesting investor optimism on eurozone growth and UK growth for next year. Full Story

By: Chris Mullen, Gold-Seeker.com - 19 December, 2013

Gold edged up to $1224.27 in Asia, but it then fell back off for most of the rest of trade and ended near its last minute low of $1189.47 with a loss of 2.22%. Silver slipped to as low as $19.128 and ended with a loss of 2.93%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 December, 2013

The gold price in New York fell to $1,218.50, but Asia lifted it a couple of dollars. The dollar rose nearly a full cent to $1.3660: €1. But London let it fall to $1,202 ahead of the Fix, which was set at $1,205.25. In the euro it Fixed at €881.160 down €15.81. Ahead of New York’s opening the dollar was stronger at $1.3682 with gold, ahead of the opening in New York, at $1,205.85 and in the euro at €881.34. Full Story

By: Adrian Ash, BullionVault - 19 December, 2013

WHOLESALE London gold sank against all currencies Thursday morning, falling 1.9% vs. the Dollar to hit 6-month lows after initially trading flat overnight despite the US Fed finally reducing its $85 billion per month in asset purchases. Cutting next month's quantitative easing of US mortgage and longer-term government bond rates to $75bn, the Fed pointed to "growing underlying strength in the broader economy." Full Story

By: GoldCore - 19 December, 2013

Yesterday, the U.S. Federal Reserve tinkered with a small taper as was largely expected. The Fed said it will reduce its monthly debt purchases by $10 billion per month, citing a better outlook for the U.S. jobs market. The taper reduces the $85 billion per month in bond buying marginally to $75 billion per month or from $19.6 billion per week to $17.3 billion per week. Full Story

By: Manan Somani, Insignia Consultants - 19 December, 2013

Tapering by the Federal Reserve of $10 billion a month will be bearish for gold and silver. Traders will be using every rise to exit long positions in gold and silver and add to short positions. Ben Bernanke said the purchases would likely be cut at a "measured" pace through much of next year if job gains continued as expected, with the program fully shuttered by late-2014. Our view on tapering: The future of tapering will be dependent on jobs growth in the USA and a fall in the jobless rate. Full Story

By: Chris Mullen, Gold-Seeker.com - 18 December, 2013

Gold edged down to $1227.77 just before noon EST before it jumped up to $1244.19 just before today’s fed announcement, but it then dropped to as low as $1216.21 after the announcement and ended with a loss of 0.99%. Silver slipped to $19.664 before it rallied back to $20.258, but it then fell back off again and ended with a loss of 0.55%. Full Story

By: Adrian Ash, BullionVault - 18 December, 2013

The US DOLLAR price of gold held flat Wednesday morning, ticking above $1230 per ounce in very quiet trade ahead of today's much-awaited decision on monetary policy from the US Federal Reserve. Starting to cut its $85 billion in monthly asset purchases is a 60% shot today, says Mohamed El-Erian, CEO of the giant Pimco asset-management company. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 December, 2013

The gold price in New York rose to $1,240.70 then fell to $1,230.70 on Tuesday. On Wednesday Asia took the gold price to $1,235, before London let it slip slightly to $1,232 ahead of the Fix, which was set at $1,233.25. In the euro it Fixed at €896.974. Ahead of New York’s opening the dollar was steady at $1.3748: €1 with gold, ahead of the opening in New York, at $1,231.80 and in the euro at €895.59. Full Story

By: GoldCore - 18 December, 2013

Gold, platinum and palladium all gained in London before the U.S. Federal Reserve’s policy statement on a potential 'taper' to its massive debt monetisation programme. The taper caper continues and for the second time in three months, world markets are braced for the possibility of a slight reduction in the size of history’s greatest and most radical monetary experiment. Full Story

By: Manan Somani, Insignia Consultants - 18 December, 2013

It is not the tapering by the Federal Reserve that is important for the markets. Rather, it is the outlook of 2014’s monetary stance that will dictate the markets till early January. All of us are interest in knowing whether Federal Reserve has the will to move away from zero interest rate spiral next year. Full Story

By: Chris Mullen, Gold-Seeker.com - 17 December, 2013

Gold edged up to $1247.92 in Asia before it fell back to $1227.85 at about 10:30AM EST and then bounced back higher at times, but it still ended with a loss of 0.81%. Silver climbed to $20.24 before it fell back to $19.698, but it then rallied back higher into the close and ended with a loss of just 0.3%. Full Story

By: Adrian Ash, BullionVault - 17 December, 2013

YESTERDAY'S rise of $15 per ounce in gold was erased Tuesday morning in Asia and London, as the US Dollar rose and world stock markets held flat overall. Trading back at last week's closing level of $1238 per ounce, gold tracked broader commodity markets, where Brent crude oil retreated to $109 per barrel. Full Story

By: GoldCore - 17 December, 2013

Gold is marginally lower today after two days of gains as the Fed's two day policy meeting begins. More positive than expected U.S. data and continuing SPDR outflows may have led to weakness. Gold's gains in recent days are likely partly due to a short covering rally. Nervous traders may be closing some of their record short positions ahead of a Federal Reserve policy decision on whether to begin tapering its equity and bond friendly debt monetisation measures. Full Story

By: Manan Somani, Insignia Consultants - 17 December, 2013

Traders are eyeing the Federal Reserve meeting to assess the interest rate scenario. The current Federal Reserve chairman Ben Bernanke has been much more transparent than his predecessors. However on tapering issues he has been as hawkish as one can be. I just hope he is able to deliver a clear stance on a short term clear and precise view on US interest rates. Trading volumes will fall once the Federal Reserve meeting is over as a lot a traders will unwind their positions or hedge their open positions before leaving for Christmas. Full Story

By: Chris Mullen, Gold-Seeker.com - 16 December, 2013

Gold fell $9.82 to $1227.78 by a little after 4AM EST before it climbed to as high as $1251.67 in late morning New York trade, but it then drifted back lower in afternoon trade and ended with a gain of just 0.25%. Silver slipped to $19.465 before it jumped to as high as $20.296 and then also fell back off, but it still ended with a gain of 1.32%. Full Story

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 December, 2013

The gold price in New York rose to $1,237.6 up$11.10 on Friday. On Monday Asia and London ahead of the Fix let it slip to $1,227 ahead of the Fix, which was set at $1,229.50 $6.75. In the euro it Fixed at €892.624 up just over €1.4. Ahead of New York’s opening the dollar began to weaken again to $1.3781: €1 with gold ahead of the opening in New York at $1,230.30 and in the euro at €892.75. Full Story

By: Adrian Ash, BullionVault - 16 December, 2013

The PRICE of gold bounced from a steady drop Monday lunchtime in London, trading back at $1234 per ounce as Asian stockmarkets ended sharply down but Europe ticked up ahead of this week's US Federal Reserve policy decision, due Wednesday. China's gold premiums above international prices edged lower again, dropping to $6 per ounce at the close of solid trading on the Shanghai Gold Exchange. Full Story

By: GoldCore - 16 December, 2013

All eyes are on the FOMC this week and speculation is high that the Federal Reserve may taper. Fed policymakers gather for the last time in 2013 for a two day policy meeting that concludes this Wednesday. The dreaded 'taper' is becoming a bit of a caper as the death of QE is greatly exaggerated. While a taper is indeed possible, any reduction in bond buying is likely to be small and of the order of less than $15 billion. Full Story




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