By: Chris Mullen, Gold-Seeker.com - 20 August, 2010
Gold fell as much as $10.65 to $1222.15 by about 10AM EST, but it then rallied back higher in the last few hours of trade and ended with a loss of just 0.45%. Silver dropped all the way to $17.82 before it also bounced back higher in late trade, but it still ended with a loss of 1.86%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 August, 2010
It seems that the gold market is depending more and more on the Gold Fix in London both morning and afternoon, for price guidance. Yesterday afternoon saw gold fixed at $1,233.5 and this morning at $1,230. Gold prices have only moved slightly from these two figures. This is important because London is where 90% of the world’s physical gold is bought and sold. Full Story
THE PRICE GOLD fell $10 an ounce from Thursday's new 7-week high in light wholesale dealing today, nearing the weekend 1% up from last Friday as world stock markets extended their drop. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 August, 2010
Gold fell slightly to $1227.15 in London before it rose to as high as $1237.20 by about 10:30AM EST and then dropped back down to $1228.55 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.26%. Silver climbed to $18.57 in early New York trade before it fell to $18.195 by about noon EST and then rallied back higher in late trade, but it still ended with a loss of 0.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 August, 2010
Gold held up overnight in Asia, then in London traders tried to push it down a couple of Dollars. This did not work and just ahead of the Fix gold was trading at $1,228, at which it fixed. As New York opened it became clear that the U.S. wanted more gold and the price rose through $1,230 to hold $1,235 in New York, ahead of the afternoon Fix. Full Story
THE PRICE OF GOLD in London's wholesale market reached new 7-week highs for Dollar investors Thursday lunchtime, rising above $1234 an ounce as bond prices slipped and commodities held flat. Full Story
It was a very big recovery by all commodities from the low yesterday. It seems that shorts got covered in a big way which resulted in all of them closing at higher prices. Yesterday’s reversal is very positive for gold, silver, copper and crude oil which suggest that more gains could be in store if they are able to trade over yesterdays lows. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 August, 2010
Gold fell $5.85 to $1220.25 in Asia and climbed back higher in London to see a 20 cent gain at $1226.30 at about 9AM EST before it dropped off rather markedly in the next hour of trade and fell to as low as $1217.50 by midmorning in New York, but it then exploded back higher in the last few hours of trade and ended near its early afternoon high of $1232.32 with a gain of 0.29%. Silver fell to as low as $18.15 before it also rallied back higher, but it still ended with a loss of 1.02%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 August, 2010
Asia did little to hold up the gold price after New York closed. Consequently the gold price slipped lower than yesterday’s afternoon Fix in London which was $1,226 25 cents down on the morning Fix. When London opened the gold price slipped, ahead of the Fix at $1,223. New York after taking it down in line with the afternoon Fix at $1,218 decided it should make it run. At the time of writing it stands at $1,228. This is on Technical considerations as well as on fund demand in the States. Full Story
THE PRICE OF GOLD held in a tight range around $1225 an ounce early in London on Wednesday, little changed by a drop in commodity prices and the first fall for a week in European equities. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 August, 2010
Gold rose to as high as $1228.70 in London before it fell back off a bit in New York, but it still ended with a gain of 0.18%. Silver climbed to as high as $18.603 by late morning in New York before it dropped off some in the last couple of hours of trade, but it still ended with a gain of 0.87%. Full Story
THE PRICE OF GOLD touched a new 7-week high of $1228 per ounce on Tuesday morning in London, rising for US investors as world stock markets crept higher and the Dollar fell against both the Euro and Yen. Full Story
The Federal Reserve meeting turned the market upside down. Its acknowledgement that a slowdown could be in the offing and subsequent indirect liquidity expansion measures resulted in stock markets, base metals and energies falling and gold, the US dollar and other safe havens rising. Full Story
By: Chris Mullen, Gold-Seeker.com - 16 August, 2010
Gold climbed as much as $12.50 to as high as $1227.10 by a little before 9AM EST before it fell back off a bit into the close, but it still ended with a gain of 0.77%. Silver rose over 2% to as high as $18.462 before it also dropped back off a bit, but it still ended with a gain of 1.77%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 16 August, 2010
What a different week! Asia took the gold price to $1,218 before London opened and, as a reflection of good demand, London set the morning Fix at $1,222. This is a technically strong level too. Ahead of New York’s opening the gold price rose again to over $1,226 giving us a feel for New York’s day ahead. Again we say, it looks like it has won the battle of $1,200. Is this time to pick up some good shares as well? Full Story
THE PRICE OF GOLD rose to its best level since the start of July in early trading on Monday, rising above $1226 per ounce as world stock markets sagged but commodity prices ticked higher. Full Story
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