Gold traded mostly slightly higher and ended with a gain of 0.07%. Silver saw slight gains in Asia and London, but it then fell back off in New York and ended with a loss of 0.13%. Full Story
New York dropped the gold price down to $1,640.80. The euro was steady at €1: $1.3089. Today, gold Fixed it at $1,640.00 and in the euro at €1,246.295 down €10, while the euro stood at €1: $1.3160. Ahead of New York’s opening it stood at $1,643.20 barely changed on yesterday and in the euro €1,245.60 down €12 while the euro was at €1: $1.3192. Full Story
SPOT MARKET gold prices traded as low as $1640 an ounce – less than 1% off the previous day's high – during Friday morning's relatively flat London session. European stock markets were also broadly flat, as were commodities, while government bond prices ticked lower. Full Story
Gold rose quickly from $1,631/oz to nearly $1,650/oz in minutes on volume with some chunky 3000 lot plus batches of orders going through on the COMEX pushing gold up. A determined seller again appeared and gains were capped at that level. Full Story
Gold climbed up to $1646.71 in Asia before it fell back to $1631.42 in London and the rose to a new session high of $1653.50 by about 10AM EST, but it then fell back off midday and ended with a gain of just 0.09%. Silver surged to as high as $32.02 before it also fell back off in late trade, but it still ended with a gain of 0.41%. Full Story
U.S.DOLLAR PRICES to buy gold slipped to two-week lows in London's wholesale trade on Thursday, "falling victim to a strengthening Dollar" as one analyst put it while stock markets and commodities also gave back earlier gains. Full Story
Gold dipped $10.90 or 0.66% in New York and closed at $1,639.30/oz yesterday. Gold initially traded sideways to lower in Asia then started gaining in early European trading. Gold prices remained steady today after recovering from four sessions of mild losses. Worries that Spain’s debt problems would hurt the euro saw investors move into US Treasuries and German bunds and saw gold supported. Full Story
Europe is in focus today also as markets wait for the Spain debt auction. Investors are more concerned over the multiplier effect which Spain, Italy and Greece together have on the policies of the eurozone and eurozone growth. Just remember that changing the policies is never easy for a central bank as it is public unfriendly. It will move at a snails pace. Whether its Spain or India it’s the same. Euro/usd can trade with a softer bias but will rise in the fourth quarter. Full Story
Gold edged up to $1654.28 in Asia before it fell back to $1637.78 at about 9AM EST, but it then bounced back higher in New York and ended with a loss of just 0.66%. Silver slipped to as low as $31.35 before it also rallied back higher in late trade and ended with a loss of 0.41%. Full Story
New York held the gold price down slightly to $1,650. The euro fell back to €1: $1.3083 after rising yesterday above €1: $1.31 and gold slipped back along with it to $1,648. Today, gold Fixed it at $1,646.50 and in the euro at €1,258.407 while the euro stood at €1: $1.3084. This is lower in the dollar and higher in the euro. Ahead of New York’s opening it stood at $1,645.30 and in the euro €1,257.83 while the euro was at €1: $1.3080. Full Story
SPOT MARKET gold bullion prices drifted lower in Wednesday morning's London trading, hitting $1640 an ounce ahead of US trading – a 1.1% fall on the week so far – while stock markets also fell and commodities were broadly flat. Full Story
Gold fell $1.50 or 0.09% in New York and closed relatively unchanged at $1,650.20/oz yesterday. Gold traded sideways prior to gradually creeping up in late Asian trading. It then gave up those gains in European trading and is nearly unchanged from yesterday’s close in New York. Full Story
Gold fell to $1645.20 in Asia before it climbed back to $1656.71 in London and then dropped to a new session low of $1634.81 at about 10AM EST, but it then climbed to a new session high of $1657.40 in the next hour and a half of trade and ended with a loss of just 0.09%. Silver slipped to $31.221 in Asia, but it then rose to as high as $31.898 in New York and ended with a gain of 0.67%. Full Story
New York took the gold price down slightly to $1,651.70.The euro continued to fall to €1: $1.3008 before rebounding to €: $1.3163, but the gold price has not yet reflected this ahead of London’s opening. Today, gold Fixed it at $1,652.00 and in the euro at €1,255.510 while the euro stood at €1: $1.3158. Ahead of New York’s opening it stood at $1,650.75 and in the euro €1,266.40 while the euro was at €1: $1.3035. Full Story
SPOT MARKET gold prices were hovering just above $1650 an ounce ahead of Tuesday's US trading – in line with where they have spent most of the last month – while stock markets in Europe ticked higher following Spain's successful auction of short-term Treasury bills. Full Story
In volatile trade in New York yesterday, gold rose sharply prior to falling and ended $4.40 lower or 0.27% and closed at $1,651.70/oz. Gold initially took a dip in Asia and then recovered losses by the time European trading opened and has ticked higher. Full Story
US retail sales data suggest that the Federal Reserve will not announce any further quantitative easing. The only nip in the bid is Europe which still haunts investors. Fundamentally gold should fall while silver, copper and other base metals and energies should remain firm. The reverse is happening as investors still have no faith in currencies and treasuries of Europe and the USA. Unless faith is restored in treasuries bullion and other safe havens will attract investor interest. Full Story
Gold fell to $1641.30 in Asia before it climbed back up to $1657.50 by a little after 9:30AM EST, but it then chopped back lower midday and ended with a loss of 0.27%. Silver slipped to $31.113 before it rebounded to $31.679 and then also fell back off a bit, but it still ended with a gain of 0.03%. Full Story
New York took the gold price down alongside the fall in the euro to $1,656.10.As the euro continued to fall, the gold price slipped back with it in Asia to $1,643 ahead of London’s opening. The euro held pretty steady at €1: $1.3009 down 1% or1.39 cents. Today, gold Fixed it at $1,648.25 and in the euro at €1,266.034 while the euro stood at €1: $1.3019. Ahead of New York’s opening it stood at $1,650.75 and in the euro €1,266.40 while the euro was at €1: $1.3035. Full Story
WHOLESALE gold bullion prices traded just below $1650 an ounce for most of Monday morning's London session – well within the past month's range – as European stock markets edged higher while commodities fell. Full Story
Gold fell $19.10 or 1.14% at the close in New York on Friday and closed at $1,656.10/oz. Sharp and rapid falls on high volume were seen in the last few minutes on the COMEX. The sell off was unusual with some 10,000 contracts worth some $1.5 billion traded and there were no corresponding moves in foreign exchange, equity, bond or commodity markets. Full Story
An inverted head and shoulder formation in the charts suggest that gold and silver are in a bearish zone. Only a daily close over $1686 for gold and $3256 for silver will nullify the bearish divergence else any rise should be used as an opportunity to sell. Full Story
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