By: Chris Mullen, Gold-Seeker.com - 21 March, 2014
Gold climbed $15.27 to $1342.27 at about 7AM EST before it fell back off in New York, but it still ended with a gain of 0.44%. Silver rose to as high as $20.579 at one point, but it then fell back off and ended unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 March, 2014
The New York gold price closed at $1,327.00 down $2.30 on Thursday in New York. Asia and London lifted it back to $1,338. The gold price was Fixed in London at $1,338.50 up $11.50. In the euro, it Fixed at €970.209 up €7.568 as the dollar weakened slightly to $1.3796 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,340.55 and in the euro at €971.84. Full Story
Gold rose 1%, it’s first rise in five days, trimming a weekly decline of 2.8%, as the crisis over Ukraine led to a renewed safe haven bid for gold. Palladium surged 3.1% to the highest since 2011 on concern supply from Russia may be restricted. Gold had become overbought after its surge to 6 month highs and was due profit taking and a correction. A perception of an abatement of tensions between Russia and the West has contributed to the pullback this week. Momentum could lead to further falls next week but we expect weakness will be short lived. Full Story
New sanctions have been imposed on Russia by the USA. There can be short covering by gold and silver traders which can result in a rise. One needs to remain on the sidelines for the energies trade. Another wave of selling will be there if and only if gold trades below $1310 or gold does not break $1342. Copper can rise to $411-$419 by next week if it is able to trade over $286. Crude oil needs to trade over $98.20 to be in a bullish zone. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 March, 2014
Gold fell $8.63 to $1320.67 at about 9AM EST before it rose to see modest gains by late morning in New York, but it then fell back off in late trade and ended with a loss of 0.17%. Silver slipped to as low as $20.162 and ended with a loss of 1.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 March, 2014
The New York gold price closed at $1,329.30 down $26.10 on Wednesday in New York. Asia lifted it above $1,332 ahead of London’s opening. The gold price was Fixed in London at $1,327.00 down $19.00. In the euro, it Fixed at €962.641 down €4.521 as the dollar strengthened to $1.3760 from $1.3917: €1. Ahead of the opening in New York gold stood at $1,326.35 and in the euro at €963.917. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 March, 2014
Gold fell throughout most of trade and ended near its late session low of $1327.74 with a loss of 1.93%. Silver slipped to as low as $20.503 and ended with a loss of 1.2%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 March, 2014
The New York gold price closed at $1,355.40 down $10.80 on Tuesday in New York. Asia held it slightly below that level ahead of London’s opening. The gold price was Fixed in London at $1,346.00 down $16.50. In the euro, it Fixed at €967.162 down €12.208 as the dollar continued to weaken to $1.3917: €1. Ahead of the opening in New York gold stood at $1,347.25 and in the euro at €967.23. Full Story
Traders are waiting for fresh sanctions against Russia and the outcome of the Federal reserve meeting tonight. Russian President Vladimir Putin yesterday signed a treaty making Crimea part of Russia but said he did not plan to seize any other regions of Ukraine. It is a question of who budges first in the near term. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 March, 2014
Gold dropped down to $1357.68 in early Asian trade before it rebounded to $1363.97 at about 5AM EST and then fell to a new session low of $1350.83 in the next four hours of trade, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.79%. Silver slipped to as low as $20.629 before it also bounced back higher, but it still ended with a loss of 1.47%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 March, 2014
The New York gold price closed at $1,366.20 down $15.40 on Monday in New York. Asia took it down further to $1,360 ahead of London’s opening. The gold price was Fixed in London at $1,362.50 down $16.50. In the euro, it Fixed at €979.370 down €13.002 as the dollar continued to weaken to $1.3912: €1. Ahead of the opening in New York gold stood at $1,362.75 and in the euro at €980.40. Full Story
Gold surged in recent days due to tensions between Russia and the West. The referendum over the weekend paved the way for Russia to annex Crimea. European Union foreign ministers agreed today to freeze assets and impose visa travel bans on 21 Russians and Crimeans. The net-long position in gold rose 4% to 123,007 futures and options in the week ended March 11, the highest since December 2012, U.S. Commodity Futures Trading Commission (CFTC) data show. Short holdings fell 20% to 21,073, the lowest since October. Last week, exchange-traded products backed by gold climbed 0.7%, the third straight gain. Full Story
The fall in gold and silver is just profit taking before the Federal reserve meeting, which if it continues till Friday will mark the beginning of another bear phase. The calm in Ukraine is just the calm before the next hurricane. The USA and its allies have started imposing sanctions against Russia. It remains to be seen how effective they are. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 March, 2014
Gold edged up to $1392.08 in early Asian trade before it fell back to $1375.51 by a little before 10AM EST and then bounced back higher in late morning trade, but it then dropped to a new session low of $1362.04 in afternoon trade and ended with a loss of 1.07%. Silver slipped to as low as $21.124 and ended with a loss of 1.31%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 March, 2014
The New York gold price closed at $1,381.60 up $9.40 on Friday in New York. Asia took it up to $1,384 ahead of London’s opening. The gold price was Fixed in London at $1,379.00 up $9.00. In the euro, it Fixed at €992.372 up €5.909 as the dollar continued to weaken to $1.3896: €1. Ahead of the opening in New York gold stood at $1,378.70 and in the euro at €992.83. Full Story
Nothing official about the USA not accepting Crimean referendum. This has been the way with the USA and its NATO allies after world war two which included breaking up of erstwhile USSR. It is all about leadership and hopefully Russia is under a strong leader. The USA and its post world war two NATO allies have had indirect control of key natural resources regions of the world on some charge or the other. Full Story
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