By: Chris Mullen, Gold-Seeker.com - 21 September, 2012
Gold climbed to $1787.25 by a little after 9AM EST before it fell back to almost unchanged at $1769.35 by a little after 11AM EST, but it then bounced back higher midday and ended with a gain of 0.27%. Silver surged to as high as $35.16 in early New York trade before it fell back to $34.318 and then also bounced back higher, but it still ended with a loss of 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 September, 2012
New York closed down at $1,768.4 only $2 down on yesterday. Asia and London took it down to $1,775. London Fixed the gold price at $1,773.75 up down$13 and in the euro at €1,361.282 barely changed on yesterday. The euro strengthened slightly to $1.3026, up 0.8 of a cent. Ahead of New York’s opening gold stood at $1,774.85 and in the euro at €1,362.54. Full Story
By: Ben Traynor, BullionVault - 21 September, 2012
WHOLESALE gold bullion prices held above $1770 an ounce Friday morning in London, a few Dollars below six-month highs hit earlier in the week, while stocks and commodities were also broadly flat ahead of a meeting between the leaders of Spain and Italy, with press reports suggesting plans are being discussed for a Spanish bailout. Full Story
Gold is slightly higher today and is being supported by investor concerns not just about ‘stimulus’ but about “open ended” QE or ‘QE to infinity’. Gold and silver have this week consolidated on their recent sharp gains which is a healthy development as there were concerns that the markets were getting ahead of themselves. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 September, 2012
Gold fell $14.70 to $1755.80 at about 6:20AM EST, but it then rose to as high as $1770.42 in New York and ended with a loss of just 0.12%. Silver slipped to as low as $34.084 in London, but it also rallied back higher in New York and ended near its midday high of $34.692 with a gain of 0.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 September, 2012
New York closed down at $1,770.50 the same as yesterday. Asia and London took it down to $1,762. London Fixed the gold price at $1,760.00 down$14.50 and in the euro at €1,360.334. The euro weakened slightly $1.2943, down half a cent. Ahead of New York’s opening gold stood at $1,758.72 and in the euro at €1,358.77. Full Story
WHOLESALE PRICES to buy gold using US Dollars or British Pounds fell Thursday morning to trade just 1% below their 7-month highs of the last week. Commodity prices dropped once again with Asian and European equities, while major-economy government bonds rose after new data showed Chinese factory output falling and Europe's private-economy contracting at the fastest pace in 3 years. Full Story
Gold edged down today due to dollar strength and profit taking as speculators and some investors booked profits on 16% price gains from this year’s low. Gold continues to see smart money diversification as central banks from the ECB and the Fed to the BOJ have all announced ‘stimulus’ or money debasement measures which has led investors to seek gold as an inflation hedge. Full Story
The fall in crude oil prices and energy prices makes me believe that it is an election gimmick before the US presidential elections. If commodity prices are dictated by fundamentals then base metals prices should also fall. There is concern that China will gobble up all of the surplus base metals inventory as it restarts it huge infrastructure program. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 September, 2012
Gold climbed $8.73 to $1779.33 in Asia before it fell back to $1763.10 just after this morning’s housing data was released, but it then bounced back higher in midmorning trade and ended with a loss of just 0.01%. Silver saw a slight gain at $34.958 in Asia before it fell back to $34.27 in early New York trade and then also bounced back higher, but it still ended with a loss of 0.49%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 September, 2012
New York closed down at $1,770.60 up $13. Asia took it up to $1,778. London calmed it ahead of the Fix which was set at $1,774.50 and in the euro at €1,361.439. The euro weakened slightly $1.3020, down half a cent. Ahead of New York’s opening gold stood at $1,773.60 and in the euro at €1,363.15. Full Story
By: Ben Traynor, BullionVault - 19 September, 2012
THE SPOT gold price fell to $1772 an ounce Wednesday morning in London, a few hours after hitting its highest level for nearly seven months after the Bank of Japan became the latest central bank to announce further quantitative easing measures. Full Story
Gold hit its highest level in 6-1/2 months today after Japan followed Europe and the USA in embarking on stimulus measures to boost its economy, increasing the safe haven’s appeal as an inflation hedge. The rash of central bank massive liquidity injections is continuing to support gold as traders bet on the inflationary consequences of such significant largesse. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 September, 2012
Gold dropped down to $1752.61 in Asia before it climbed up to $1773.00 by a little after 10AM EST and then pared its gains a bit in midday action, but it then bumped back higher in late trade and ended with a gain of 0.74%. Silver surged to as high as $35.015 before it also fell back off, but it still ended with a gain of 2.23%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 September, 2012
New York closed down at $1,757.60 down $13. Asia held it there overnight. The euro weakened slightly $1.3060, down half a cent. The gold price was Fixed at $1,756.75 and in the euro at €1,344.314 down €5. Ahead of New York’s opening gold stood at $1,756.50 and in the euro at €1,344.95. Full Story
By: Ben Traynor, BullionVault - 18 September, 2012
SPOT MARKET prices quoted for gold bullion traded just below $1760 an ounce Tuesday morning in London, 1% off the high hit last week after the US Federal Reserve announced its new open-ended asset purchase program. Full Story
Gold inched lower in quiet volatile trade on Tuesday after equity and commodity markets pulled back overnight and investors booked profits from the recent rally created by the US Fed’s QE3 launch. However the current monetary climate of central bank money printing will cause inflation and this is increasing the appeal of gold for investors. Full Story
By: Chris Mullen, Gold-Seeker.com - 17 September, 2012
Gold saw modest gains in Asia, but it then fell back off in afternoon New York trade and ended near its late session low of $1754.25 with a loss of 0.79%. Silver slipped to as low as $33.806 before it bounced back higher, but it still ended with a loss of 1.76%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 17 September, 2012
New York closed down at $1,770 up $4. Asia held it there over the weekend. Ahead of the Fixing it stood at $1,769.12. The euro remained strong, up nearly half a cent at $1.3111. The gold price was Fixed at $1,767.25 and in the euro at €1,349.355 down €10. Ahead of New York’s opening gold stood at $1,769.75 and in the euro at €1,349.77. Full Story
By: Ben Traynor, BullionVault - 17 September, 2012
THE WHOLESALE cost of buying gold dipped below $1770 an ounce during Monday morning trading in London, but remained less than ten Dollars below their six-month high hit last Friday, the day after the US Federal Reserve announced a third round of quantitative easing. Full Story
Gold is slightly weaker today but hovering near a 7-month high, as the US Fed’s announcement of QE3 has led to some investors diversifying into bullion as a hedge against inflation risk. The yellow metal rose as high as $1,777.51 on Friday, a high not seen since February 2012 when it hit this year’s peak. Last September 2011, it reached a nominal high of nearly $1,920/oz. Full Story
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