By: Chris Mullen, Gold-Seeker.com - 21 April, 2011
Gold climbed to a new all-time high of $1509.01 in London before it fell back to $1500.20 at around 9AM EST, but it then rallied back higher into the close and ended with a gain of 0.34%. Silver surged to a new 31-year high of $46.34 in the last half hour of trade and ended with a gain of 3.27%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 April, 2011
Today we are writing this section from the euro gold price point of view to illustrate what’s happening to gold; -The gold price continued to pull back as the euro price of gold stood at €1,030.41 ahead of the gold Fix. It has pulled back from €1,041 over the last couple of days and still is far away from its peak at €1,065. Full Story
THE WHOLESALE PRICE of gold broke fresh US Dollar highs ahead of the long Easter weekend in London on Thursday, but fell against all other major currencies, unwinding this week's sharp gains entirely for Euro buyers. Full Story
Gold and silver have surged to new record nominal highs in dollar terms (all time and 31 year) with the dollar falling sharply on international markets. Silver has continued to surge in all currencies and has surged to a new record nominal high of $46.25/oz (£27.85/oz and €31.54/oz) on growing rumours of a short squeeze involving a billionaire or state interest attempting to corner the silver market (see FT news story below). Full Story
By: Chris Mullen, Gold-Seeker.com - 20 April, 2011
Gold rose to a new all-time high of $1505.89 by late morning in New York before it fell back off in afternoon trade, but it still ended with a gain of 0.3%. Silver soared to a new 31-year high of $45.387 before it also fell back off in late trade, but it still ended with a gain of 2%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 April, 2011
What a sight, gold over $1,500! A new record! But note well, that gold has not reached its recent high in the euro of €1,065. With the euro at $1.4436 gold will have to rise to $1,537 to reach that level. The dollar has resumed its recent weak trend. Full Story
THE PRICE OF WHOLESALE gold bullion jumped above $1500 per ounce in London on Wednesday, setting new Dollar and Sterling highs but falling sharply against the Euro as the single currency rose to its highest level since 2009. Full Story
Gold has breached the $1500 level and reached new record nominal highs at $1,505.65/oz. Since yesterday it has gradually risen in all currencies and is approaching record nominal highs in all major currencies. Gold has risen to EUR1,037/oz, GBP920/oz, AUD1,412/oz, CHF1,344/oz and JPY124,640/oz, and is now not far from recent record nominal highs of EUR1,054/oz, GBP922/oz, AUD1,440/oz, CHF1,349/oz and JPY126,000. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 April, 2011
Gold rose to a new all-time high of $1498.05 by about 8AM EST before it fell back off a bit in late morning New York trade, but it then rose to a new high of $1499.40 by midday and ended with a gain of 0.16%. Silver climbed to a new 31-year high of $43.903 in the last minutes of trade and ended with a gain of 2.31%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 April, 2011
Gold kept galloping to $1,496 before pulling back to $1,490 then recovering at London’s opening to $1,494.45. The dollar barely moved and held at $1.4241, which in the light of the bad news for both the dollar and the euro was really a statement that they were both falling at the same speed. The gold price was telling us that they were falling rapidly as it roared forward to €1,049.19. It was only €1,010 the other day! In London gold Fixed at $1,495.00. Full Story
THE WHOLESALE PRICE of physical gold rose again in London trade on Tuesday, hitting fresh record highs for both US Dollar and British Pound investors after yesterday's "negative watch" announcement on US government debt from ratings agency Standard & Poor's – a "shot heard round the world" according to one London bullion dealer. Full Story
Gold and silver closed higher yesterday (+0.45% and +0.65%) after S&P, somewhat belatedly, cut its outlook for the U.S. from stable to negative. While the move seemed to surprise some, many market participants have been warning that this was inevitable for some time. Full Story
By: Chris Mullen, Gold-Seeker.com - 18 April, 2011
Gold fell off to $1476.90 in London before it spiked up to $1497.53 in early New York trade and then fell back to $1482.70 in late morning trade, but it then rallied back higher midday and ended near its new all-time high with a gain of 0.43%. Silver jumped to a new 31-year high of $43.515 before it fell back to $42.198, but it also rallied back higher in late trade and ended with a gain of 0.63%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 April, 2011
Gold held at New York’s closing level of $1,486 in Asia on Monday before slipping slightly in London to Fix at $1,484.50. This is somewhat misleading because the dollar recovered to $1.4300 on Monday up from $1.44 on Friday. Hence in the euro gold is slightly stronger at €1,036.81 up from Friday’s p.m. Fix of €1,023.81. Full Story
THE PRICE OF GOLD jumped to a new all-time high of $1489 per ounce in Asian trade Monday, slipping back as the Dollar then rose vs. the Euro despite Greek protestations that Athens isn't seeking a "restructuring", in which it would effectively default on a portion of its debt. Full Story
Concerns that the sovereign debt crisis may be entering a new phase and the risk of contagion has seen peripheral eurozone bonds fall sharply and the euro fall against major currencies and gold today. Sovereign debt risk, global inflation concerns, geopolitical risk, disappointing European earnings and concerns about Japan's coming reporting season have seen equities weaken and new record nominal highs for gold and silver (all time and 31 year). Full Story
By: Chintan Karnani, Insignia Consultants - 18 April, 2011
This is an Easter week and traders will continue to use a buy on dips strategy in gold and silver before they leave for mini Easter vacations. Further option expiry next Monday should result in gold and silver rising till expiry. Full Story
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