By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 June, 2013
New York closed at $1,278.50 down $72.50 on Thursday. Asia took the price back up to $1,300 ahead of London’s opening. In London fell below $1,300 and was Fixed at $1,290.25 down $13 and in the euro at €976.28 down €10.06 while the dollar was slightly stronger against the euro at €1: $1.3216. Ahead of New York’s opening gold stood at $1,294.60 and in the euro at €979.42. Full Story
SPOT MARKET gold bullion prices touched fresh three-year lows Friday at $1269 an ounce before recovering a little by lunchtime in London, as stocks and commodities also regained some ground after sharp falls yesterday. Full Story
Gold and silver have rallied from their lowest levels since September 2010 due to increased physical demand in Asia and notable Chinese buying. Gold is down 5.8% this week and set for its worst week since September 2011. Precious metals, commodities, stocks and bonds all fell sharply yesterday after the Federal Reserve signalled it may reduce their massive monetary stimulus if the economy recovers. Full Story
Gold fell throughout most of world trade and ended near its late session low of $1276.10 with a loss of 5.37%. Silver slipped to as low as $19.59 and ended with a loss of 8.01%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 June, 2013
New York closed at $1,351.00 down $16.10 on Wednesday. Asia took the price down to $1,310 ahead of London’s opening. In London it was Fixed at $1,303.25 down $62.75 and in the euro at €986.34 down €33.32 while the dollar was slightly stronger against the euro at €1: $1.3213. Ahead of New York’s opening gold stood at $1,299.00 and in the euro at €984.39. Full Story
SPOT MARKET gold and silver prices fell to their lowest levels since September 2010 Thursday, with gold dropping through $1300 an ounce during London trading and silver falling below $20 an ounce. Stocks and commodities also fell and the US Dollar strengthened after US Federal Reserve chair Ben Bernanke told a press conference that "the underlying factors are improving" in the US economy, adding that the Federal Open Market Committee could begin to scale back its $85 billion-a-month asset purchases later this year, a process that has become known as 'tapering'. Full Story
Bonds, shares plus gold and silver fell sharply around the world this morning after the U.S. Federal Reserve again suggested an end to their easy money policies. Data also showed China's economy slowing down amid growing concerns that a credit crunch in China is worsening. Full Story
Gold dipped to $1364.30 in Asia before it climbed up to $1375.67 by a little before 10AM EST, but it then dropped to as low as $1349.00 following this afternoon’s fed announcement and ended with a loss of 1.18%. Silver slipped to as low as $21.25 and ended with a loss of 1.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 June, 2013
New York closed at $1,367.10 down $16.70 on Tuesday. Asia held the price there ahead of London’s opening. In London it was Fixed at $1,366.00 down $12.50 and in the euro at €1,019.86 down €10.50 while the euro was slightly stronger against the dollar at €1: $1.3394. Ahead of New York’s opening gold stood at $1,368.00 and in the euro at €1,021.51. Full Story
WHOLESALE gold bullion prices hovered just below $1370 an ounce for most of Wednesday morning's London trading, after a "surprise" drop the day earlier, with stocks and commodities also broadly flat this morning ahead of the US Federal Reserve policy announcement later today. Full Story
Fed Chairman Ben Bernanke said last month the bank could scale back its $85 billion monthly bond purchases if the U.S. economy strengthens, but a lack of clarity on the timing has unsettled markets. A policy statement from the central bank will be released today after its meeting. Full Story
Gold fell $22.70 to $1361.00 at about 11AM EST before it bounced back higher in the last five hours of trade, but it still ended with a loss of 1.2%. Silver slipped to as low as $21.51 and ended with a loss of 1.01%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 June, 2013
New York closed at $1,383.70 on Monday. Asia took the price to $1,378.45 ahead of London’s opening. In London it was Fixed at $1,378.50 down $7.50 and in the euro at €1,030.346 down €5.20 while the euro was slightly stronger against the dollar at €1: $1.3379. Ahead of New York’s opening gold stood at $1,378.40 and in the euro at €1,030.50. Full Story
GOLD drifted to a one-week low below $1380 an ounce Tuesday morning, as silver dipped below $21.80 an ounce, with stocks and commodities broadly flat on the day ahead of tomorrow's US Federal Reserve decision, with analysts speculating on whether the Fed will give details of when and how it might slow down its quantitative easing program. Full Story
Gold was little changed on Tuesday as investors awaited guidance from a Federal Reserve meeting on the outlook for the bank's still incredibly ultra loose stimulus programme, amid mixed U.S. economic data. Uncertainty about the tenure of Federal Reserve Chairman Bernanke and the possibility of his early retirement may lead to increased risk aversion which will support gold. Full Story
Gold fell $9.70 to $1380.70 at about 8:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $21.672 and ended with a loss of 1.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 June, 2013
New York closed at $1,386.00 on Friday. Asia held the price at that level as did London, where it was Fixed at $1,386.00 and at up $6.25 and in the euro at €1,035.537 down €3.50 while the euro was slightly stronger against the dollar at €1: $1.3345. Ahead of New York’s opening gold stood at $1,381.00 and in the euro at €1,035.58. Full Story
THE U.S. DOLLAR gold price drifted back below $1390 an ounce Monday morning in London, but remained well within its trading range of the last few weeks, as European stock markets edged higher, with analysts citing Wednesday's Federal Open Market Committee decision on US monetary policy as "the big driver" for this week. Full Story
Gold is marginally lower today in most currencies after last week’s small gain which was positive from a technical perspective. Geopolitical tensions in the Middle East looks set to again brandish gold's safe-haven appeal and will support prices. Gold is higher in yen today as the yen has fallen against all currencies. Full Story
By: Morris Hubbartt, Super Force Signals - 16 June, 2013
Patience is required. The triangle formation suggests that gold is either headed towards $1580, or down to $1200. Let’s cheer for the bulls! Full Story
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