Gold climbed $12.34 to $1504.34 in Asia before it fell back off in London to as low as $1486.80 by about 10AM EST, but it then shot to a new session high of $1515.75 by early afternoon in New York and ended with a gain of 1.15%. Silver surged to as high as $35.556 in Asia before it fell back to $34.215 in New York and then also bounced back higher in late trade, but it ended with a gain of just 0.52%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 May, 2011
With Asia taking gold back above $1,500 again, and the dollar slipping back to more than €1: $1.43 it looks like the gold price is rising but in the euro it has held at €1,048.85. Once again the dollar is slipping, not gold rising. Full Story
U.S. DOLLAR gold prices rose above $1500 Friday morning, 0.6% above where they started the week, but barely changed since two weeks ago, while stock and commodity markets also rose. Full Story
Gold and silver are higher again today with the debt laden dollar, euro and yen all being sold. News that China has become the world’s largest buyer of gold bullion and has seen investment demand double continues to reverberate in the markets and may have contributed to this morning’s strength. Full Story
Gold fell $9.10 to $1486.20 by late morning in New York before it rallied back higher in afternoon trade, but it still ended with a loss of 0.22%. Silver dropped to as low as $34.55 before it also bounced back higher in late trade, but it still ended with a loss of 0.85%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 May, 2011
Since we last issued a report on the 17th the gold price dipped down to $1,480 but only down €5 to €1,045. The dollar: euro continues to make effective, but cosmetic changes, to the dollar gold price on a daily basis. It is the dollar that continues volatile, not the gold price as you see in the euro gold price charts. Full Story
U.S. DOLLAR wholesale gold prices ticked lower Thursday morning in London – hitting a low of $1488 per ounce, unchanged for the week so far – as European stock markets rose and government bonds held steady with commodities. Full Story
Gold is lower while silver is higher this morning after yesterday’s 1% and nearly 5% gains respectively. The yen has fallen as markets digest the news that the world’s third largest economy has again fallen into recession after a very sharp contraction in GDP growth in the first quarter. Full Story
Gold climbed higher throughout most of world trade and ended near its late session high of $1499.75 with a gain of 1.03%. Silver surged to as high as $35.515 and ended with a gain of 4.95%. Full Story
THE PRICE OF GOLD rallied against all major currencies on Wednesday morning, hitting $1491 per ounce and rising 1.2% from yesterday's eight-day low as stock and commodity markets also gained. Spot gold in Euros tracked the Dollar-price rise, continuing to hold inside 3% of December's all-time high as former German chancellor Gerhard Schroeder accused current leader Angela Merkel of being "too hesitant" and "lacking leadership" in the Eurozone debt crisis. Full Story
Gold and silver have snapped their three day losing streak so far this morning and both are higher in all currencies. Sterling has fallen on this morning’s very poor UK employment data. This in conjunction with yesterday’s high inflation figure in the UK and negative data in the U.S. confirm the increasing threat of stagflation to western economies. Full Story
Gold rose $6.84 to $1497.54 in Asia and traded mostly slightly higher in London, but it then fell back off for most of trade in New York and ended near its late morning low of $1471.65 with a loss of 0.72%. Silver fell over a dollar to as low as $33.015 by midday in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.73%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 May, 2011
Since Thursday of last week the dollar has barely changed, standing at €1: $1.4156 up from €1: $1.4162. The gold price has changed and ahead of London’s Fix of this morning stands at $1,493.75. In the euro it stands at €1,055.21 up €5 on the weekend. We are just under resistance in the euro price, whose high was €1.065, but it has been nudging this for over a week now. Full Story
THE PRICE OF WHOLESALE gold bullion was little changed below $1500 per ounce on Tuesday morning, but fell for non-US investors as the Dollar eased back on the currency market and European equity markets cut their earlier losses. Full Story
Gold and silver are higher today while sterling is stronger and the Japanese yen has again come under pressure. The yen has weakened on deepening concerns about the Japanese economy and the BOJ Governor said that the Japanese economy is in a “very severe state”. Full Story
Gold fell to $1488.45 in Asia before it climbed to as high as $1504.30 in New York, but it then fell back off a bit in the last couple of hours of trade and ended with a loss of 0.18%. Silver fell to $34.03 in London before it rallied to as high as $35.285 in New York, but it also fell back off in late trade and ended with a loss of 2.6%. Full Story
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