Gold fell to $896.05 in Asia before it rose to as high as $907.90 in New York, but it then fell back off into the close and ended with a loss of 0.03%. Silver dropped to $17.29 and rose to $17.628 before it closed with a loss of 0.32%. Full Story
Gold remains above the pivotal $900 level as oil continues to show its resiliency. With oil still well bid and likely to set new highs, inflation expectations remain unanchored. This should continue to support gold, given the fact that the yellow metal is seen as a hedge against inflation. Full Story
SPOT GOLD PRICES ticked higher from an overnight lull early Friday, recording the highest Morning Fix in London since June 9th at precisely $900.00 per ounce. Full Story
Crude oil has fallen after china raised energy prices. China raised petrol and diesel by 18 per cent and electricity tariffs rose by just less than 5 per cent. Technically if crude oil does not break $141 in the rest of the month then a fall to $120 and $110.60 is on the cards. Full Story
Gold fell nearly $5 to $886.45 by midday in London, but it then spiked over $20 higher at the New York open and made a high of $908.25 before it fell back off slightly into the close and ended with a gain of 1.22%. Silver fell to $17.12 and rose to $17.722 before it closed with a gain of 0.75%. Full Story
Gold has surged back above the $900 level following yesterday's breach of Monday's high at 894.50 and close above the 20-day moving average. A close above the 50-day moving average today (893.62) would bode well for a short-term push to challenge the 100-day MA at 915.94. Above that, chart/Fibonacci resistance at 935.30/938.85 attracts. Full Story
SPOT GOLD PRICES leapt against all currencies at the US open on Thursday, surging to a four-week high above $905 per ounce on what looked to be one or more large New York orders amid an otherwise quiet market. Full Story
The gold market, like the oil market is facing similar supply issues despite robust demand. This morning comes the news that South African gold output fell 10.1 percent in volume terms in April compared to the same month last year. South African gold production has fallen sharply after state-owned power utility Eskom struggled to provide sufficient power to mines, following a near collapse in the electricity grid in January, which led to a five-day countrywide mine shutdown. Full Story
The US dollar is starting to pare its last week’s gains as more and more investors remain convinced that the Fed may cut interest rates once a year. For me in the short term to medium term the US dollar will be more influenced by the performance of eurozone and UK economies. Full Story
Gold fell to $880.80 in Asia and rose to $894 at the New York open before it fell back under $885 a little before noon EST, but it then rallied back higher into the close and ended with a gain of 0.73%. Silver fell to $16.95 and rose to $17.465 before it dropped back under $17.20, but it also rallied back higher into the close and ended with a gain of 1.5%. Full Story
Gold is maintaining a consolidative tone in the lower half of this year's $1,032.20/845.50 range. Monday's decisive upside extension comes in the wake of last week's bounce off the 200-day moving average. Renewed tests above $900 are thought to be likely, but gold will continue to look to the dollar and oil for short-term directional clues. Full Story
THE PRICE OF GOLD spiked into the US open on Wednesday, moving 2% above yesterday's low as world stock markets fell and crude oil ticked back above $134 per barrel. Full Story
Gold remains firm after the poor economic data from the U.S. yesterday which showed that housing starts and permits continue to slide, industrial production also fell and was weaker then expected. Producer prices rose by more than anticipated - the Labor Department said producer prices over the last 12 months were up 7.2 percent in May, the eighth consecutive month prices rose more than 6 percent on a yearly basis. Full Story
Federal regulators said that they would place stricter limits on foreign exchanges that trade American oil as concerns continue to grow about the role of speculation in rising fuel prices. Some lawmakers said the move was long overdue. Full Story
Gold rose $5 to $888.50 by late trade in Asia before it fell over 1% to $874.20 by about 9AM EST in New York, but it then rallied back higher into the close and ended with a gain of 0.13%. Silver rose over 1% to $17.40 by late trade in Asia before it saw a roughly 2% loss at $16.83 by about 9AM EST in New York, but it then rallied back higher into the close and ended lower by just 0.76%. Full Story
Gold is consolidating Monday's gains after upticks stalled shy of the pivotal $900 level. The generally weaker tone in the dollar is helping to keep the yellow metal underpinned, despite the fact that oil has backed off its recent record highs. Full Story
With oil selling off and the dollar stronger versus the euro today, gold has come under pressure. But the inflation genie is well and truly out of the bottle and central banks internationally are in an extremely difficult situation. Full Story
SPOT GOLD PRICES slipped out of a tight range just before the US open on Tuesday as strong volatility hit bonds, commodities and currency markets worldwide. Shanghai stocks dropped almost 3% on average, while crude oil slid $7 per barrel from Monday's new record highs near $140. Full Story
As expected the US dollar resumed its slide on disappointing economic numbers. If the US economy does not perform then the Fed may continue with its stable interest rate regime which will always be US dollar negative. Full Story
Gold and silver fell roughly 0.5% to $866.30 and $16.39 by late trade in Asia, but both metals then screamed higher in London and early New York trade to as high as $894.90 and $17.425 by about 9:30AM EST. The monetary metals then drifted over 1% from their highs into the close, but they still ended with gains of 1.52% and 3.93%. Full Story
Gold has surged back toward the $900 level as the dollar slides after failing to warrant a mention in the G8 communique. The softer dollar has also driven oil higher as well, despite a possible increase in Saudi production, lending further support to the yellow metal. Full Story
THE SPOT PRICE OF GOLD jumped almost 1.3% from an early dip in London on Monday, rising above $879 per ounce as the latest European inflation data showed the cost of living rising at a 16-year record. Full Story
Crude oil’s rise is the next best thing to have happened to curb global warming. The current rise in crude oil prices is pinching everyone in a hard way and all are trying their best to reduce their energy bills. More and more people are looking for energy efficient gadgets and vehicles. Full Story
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