By: Chris Mullen, Gold-Seeker.com - 22 March, 2013
Gold edged up to $1615.40 in Asia before it fell back to $1603.65 at about 8:30AM EST and then bounced back higher in midmorning trade, but it then fell back off into the close and ended with a loss of 0.42%. Silver slipped to as low as $28.52 and ended with a loss of 1.54%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 March, 2013
The gold closed in New York at $1,614.40 yesterday. In Asia and London it slipped $2 until it Fixed at $1,611.50 and in the euro at €1,246.616, while the euro was $1.2906. Ahead of New York’s opening, gold was $1,609.00 and in the euro at €1,242.42. Full Story
U.S. DOLLAR gold prices continued to hover around $1610 per ounce Friday morning, dipping back below that level after making gains in Asian trading, while stocks and commodities were flat on the day ahead of a vote by Cyprus's parliament on measures aimed at raising money and securing a bailout. Full Story
Gold is slightly lower in all major currencies this morning but remains near a 4 week high, underpinned by safe haven demand due to concern of a financial meltdown in Cyprus and the risk of contagion in other European countries. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 March, 2013
Gold climbed to as high as $1616.42 at about 10AM EST before it chopped back lower at times, but it still ended with a gain of 0.54%. Silver surged to as high as $29.312 and ended with a gain of 1.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 March, 2013
The gold closed in New York on Friday at $1,612.60 the same as yesterday. In Asia and London it slipped $5 until it Fixed at $1,608.75 and in the euro at €1,246.417, while the euro was $1.2907. Ahead of New York’s opening, gold was $1,608.85 and in the euro at €1,245.81. Full Story
THE DOLLAR gold price hovered just below $1610 an ounce Thursday morning, while stocks and commodities fell along with Euro as disappointing economic data was added to news that Cyprus's banks will remain closed until next Tuesday. Full Story
The mooted savings levy in Cyprus is a form of wealth confiscation on behalf of the EU which is making depositors throughout the Union nervous. There has been no dramatic increase in the demand for gold in recent days. However, this could be a ‘tipping point’ moment when savers realise that they are unsecured creditors of banks and their savings are not sacrosanct. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 March, 2013
Gold edged up to $1614.73 by a little after 3AM EST before it fell back as low as $1602.90 just after today’s FOMC statement was released, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.43%. Silver saw a slight gain at $29.004 before it briefly spiked down to $28.549, but it also quickly recovered in late trade and ended with a loss of just 0.38%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 March, 2013
The gold closed in New York on Friday at $1,612.60. In Asia and London it held there through London’s morning until it Fixed at $1,611.50 and in the euro at €1,247.098, while the euro was $1.29.22. Ahead of New York’s opening, gold was $1,609.30 and in the euro at €1,246.94. Full Story
GOLD dropped below $1610 an ounce Wednesday, as stocks, commodities and the Euro all regained some ground lost since news of the Cyprus bailout negotiations broke over the weekend. "We still believe that an interim low was made in February and that the precious metal should reach the January low at "1625.77 in the weeks ahead," says Commerzbank senior technical analyst Axel Rudolph. Full Story
Despite an increase in risk appetite in recent months, systemic risk remains. As Reuters' Pedro da Costa noted the "global impact of events in Cyprus casts doubt on the notion that the financial system has gotten a lot stronger since the crisis." The Cypriot deposit levy is creating jitters among some investors who are increasing their gold positions. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 March, 2013
Gold dropped $5.24 to $1600.06 by a little before 9AM EST, but it then climbed higher throughout most of trade in New York and ended near its 1PM EST high of $1615.60 with a gain of 0.45%. Silver slipped to as low as $28.65 before it rallied back to $29.10, but it then fell back off midday and ended with a loss of 0.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 March, 2013
The gold closed in New York on Friday at $1,605.30. In Asia and London it pulled back slightly as it gets used to the view over $1,600. It then Fixed at $1,602.50 and in the euro at €1,238.408, while the euro was $1.29.40. Ahead of New York’s opening, gold was $1,602.95 and in the euro at €1,237.85. Full Story
The GOLD PRICE continued to hold above $1600 per ounce in Asian and early London trade on Tuesday, easing back from Monday's 3-week high as world stock markets struggled again amid fresh uncertainty and rumor over Euro-member Cyprus' banking crisis. Full Story
The Troika's raid on the deposits of families and businesses in Cyprus is still being digested but it may be another watershed moment leading towards gold again becoming a foundation asset and key core holding of savers and investors internationally. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 March, 2013
Gold jumped up to $1608.58 in early Asian trade before it fell back to $1591.99 in the next few hours of trade, but it then climbed to a new session high of $1611.00 in New York and ended with a gain of 0.86%. Silver surged to as high as $29.045 and ended with a gain of 0.56%. Full Story
Chinese equity markets were lower overnight off a combination of weakness in developer and real estate shares and also because of the turmoil being thrown off by Cyprus. New Chinese leadership was installed and they in turn suggested that growth in the Chinese economy was the primary focus of their new government. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 March, 2013
The gold closed in New York on Friday at $1,591.60. In Asia on Monday the gold price was pushed through $1,600 then traded higher in London at $1,604 before Fixing at $1,599.50 and in the euro at €1,236.09 up €17, while the euro was $1.29.40 down 1.26 cents. Ahead of New York’s opening, gold was $1,602.70 and in the euro at €1,237.32. Full Story
WHOLESALE GOLD leapt 1% against the Dollar and 2.3% against the Euro at the start of Asian trade Monday, as global shares sank and major-government bonds rose following the Cyprus bail-out deal announced by European politicians at the weekend. Full Story
Gold rose above $1,600/oz for the first time in more than two weeks on news of the Cypriot savings confiscation. The euro fell against all currencies and particularly gold. Gold in euro terms rose 1.7%, from €1,218/oz at the close on Friday to €1,237/oz in trade late this morning. Full Story
We just keep creeping higher and higher but many stocks are not moving, only select ones, making this a stock pickers market. I much prefer to see large fast moves and they are few and far between these days. Slow grinds higher are not my style so we wait mostly with a few exceptions which are moving very nicely. Full Story
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