Gold remained near unchanged in Asia and climbed higher in London to as high as $961.50 in early New York trade before it fell back off a bit into the close, but it still ended with a gain of 0.76%. Silver followed a similar pattern and ended near its session high of $14.81 with a gain of 1.5%. Full Story
THE PRICE OF WHOLESALE "spot" gold rose further for US-Dollar investors early in London on Friday, adding another $5 per ounce to its best AM Gold Fix since March 23rd at $952.50. Full Story
Gold and silver climbed roughly 1% in Asia to as high as $943.65 and $14.41 before they fell back off in London to see slight losses at $936.20 and $14.095 by about 11AM EST in New York, but they then rallied to new session highs in the last few hours of trade and ended near those late peaks of $950.80 and $14.483 with gains of 1.5% and 1.26%. Both metals have risen to new highs in after hours access trade as well. Full Story
In order to keep commentary brief and concise, the heart of the gold trade is becoming apparent very quickly. There are grounded fears that the bond rating of the United States will be downgraded. This is causing selling pressure on the US dollar and turning flight-to-quality buying back to gold. Just as stocks will drop when ratings get chopped from AAA to something lower, the US dollar is trending lower now and traders expect the ax to fall. Full Story
THE PRICE OF GOLD in the wholesale spot market rose to new 7-week highs at the start of London dealing on Thursday, touching $944 an ounce before slipping back as the US Dollar bounced on the currency market, and crude oil fell together with world stock markets. Full Story
Gold and silver saw modest gains in Asia and London and then jumped even higher after 9AM EST in New York to rise as high as $940.06 and $14.37 by a little after 10AM before they fell back off a bit into the close, but they still ended with gains of 1.11% and 0.96%. Full Story
Gold bulls ought to be breathing a little easier today as the metal performed as would be expected given a steep decline in the dollar, higher energy prices, and fiscal concerns about the nation. The sharp sell-off in the dollar should start to gather more attention if the losses continue to mount, and commodities may well respond by moving higher to compensate. Full Story
THE PRICE OF GOLD pushed 0.5% higher early Wednesday in London, nearing last Friday's seven-week highs as world stock markets trod water despite a flood of record-bad economic data. Full Story
Gold demand soared 38% to 1015.5 tonnes in the first quarter of 2009 according to The World Gold Council's "Gold Demand Trends" report. A combination of factors including diversification, safe haven buying and inflation hedge demand are attributed with the upsurge. However, George Milling-Stanley, the Managing Director of the WGC also cites the global shift in sentiment from "capital appreciation to wealth preservation." Full Story
Gold traded mostly slightly higher in Asia and London before it extended its gains in New York and ended near its high of $927.50 with a gain of 0.59%. Silver followed a similar pattern and ended near its high of $14.122 with a gain of 2.43%. Full Story
Gold futures managed to post a small rally today after yesterday’s slide, though there was not much enthusiasm during today’s trading session. The trade tried to rally hard but ran into resistance around 930.0. Full Story
THE SPOT PRICE of gold stayed flat early in London on Tuesday, trading between $920 and $923 per ounce as world equities extended their near-$9 trillion gains of the last nine weeks. Full Story
Gold remained near unchanged in Asia and London before it dropped over $10 to as low as $919.20 shortly after 9:30AM EST in New York and then rebounded slightly midday, but it subsequently fell back off in the last hour of trade and ended with a loss of 0.99%. Silver saw slight gains in Asia before it fell back off in London and early New York trade to as low as $13.656 by about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 1.43%. Full Story
U.S. stock markets surged higher today in the wake of election results in India, that sent their main stock market higher by 17%. The victory of capitalist Congress Party in India helped spark optimism in the world’s second-most populated nation that better economic conditions could be created by the government. Full Story
THE PRICE OF WHOLESALE GOLD BULLION held inside a tight $5 range early Monday, bouncing off $927.60 an ounce as government bonds rose, pushing interest rates lower, and crude oil rose back above $57 per barrel. Full Story
Global markets perceive that economic green-shoots may be growing on stony ground as the rally in the Dow ran out of steam last week. Inflation figures published in the US suggested that core inflation may be higher than previously expected, contributed to the down week for the Dow and a minor strengthening of the Greenback. Full Story
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