Gold fell $4.40 to $1582.60 in Asia, but it then rose to as high as $1607.09 in New York and ended just $1.25 away from this past Monday’s new all-time closing high with a gain of 0.88%. Silver climbed to as high as $40.267 and ended with a gain of 2.82%. Full Story
WHOLESALE PRICES to buy gold rose to $1597 per ounce Friday morning in London – some 0.7% below Tuesday's new record high – as global stock markets, commodities and US Treasury bonds all rose following last night's announcement of a new rescue deal for Greece. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 July, 2011
New York gold closed at $1,587 yesterday, with Asia not changing the price by much. London opened at $1,585 with a much weaker euro price of €1,099. The moves are less that we had expected given that the moves will take the sting out of the Eurozone debt crisis, for now at least. Full Story
Bailout euphoria has returned to markets with Asian and European stock indices rising on renewed risk appetite. Gold has recovered from yesterday’s slight sell off (0.6% in USD) and the firm gold price in all currencies suggests that market euphoria is again misplaced. Gold is down only 20 euros per ounce in the last 24 hours. Gold is trading at USD 1,596.10, EUR 1,108.1, GBP 978.50 and CHF 1,310.10 per ounce. Full Story
In 2011 the theme for the global financial markets has been (A) Pro Democratic Uprising in the Middle East and North Africa region along with bombardment of Libya (B) Greece and other European sovereign debt default issues (C) US debt default. More focus has been on these issues instead of global economic fundamentals. Full Story
Gold rose about 0.5% to $1604.35 in Asia and traded mostly slightly higher in London, but it then dropped in early afternoon New York trade and ended near its late session low of $1584.50 with a loss of 0.55%. Silver climbed to as high as $40.343 in Asia before it also fell back off in late trade and ended near its session low of $38.842 with a loss of 1.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 July, 2011
New York closed at $1,595 but Asia took the gold price back over $1,600 to $1,603 overnight. London, like other financial centers, ensured currency spreads stayed wide with the euro: dollar spread 400 basis points as the discussions over the Greek debt began in Brussels. Gold pulled back to $1,600 during London’s morning ahead of New York’s opening with the exchange rate between the euro and the dollar holding around €1: $1.4184 in the middle. Full Story
U.S. DOLLAR gold bullion prices hovered around $1600 an ounce Thursday morning London time – 0.6% off Tuesday's all-time high – as stocks and commodities dropped ahead of the European Union's latest emergency summit on Greece. Full Story
Gold is mixed against various currencies today but is higher in euros after the euro has fallen on concerns that European leaders gathering for the summit in Brussels may not be able to resolve the Eurozone’s debt crisis and prevent contagion in the financial system. Full Story
Gold fell as much as $19.70 to $1580.90 by about 9AM EST before it climbed back to $1600 by midday, but it then fell back off a bit in afternoon trade and ended with a loss of 0.3%. Silver fell over two dollars to as low as $38.195 before it also rebounded in late morning New York trade, but it still ended with a loss of 1.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 July, 2011
Overnight gold began to slip falling below $1590 at London’s opening. Thereafter it continued to fall into the mid-$1,580 area. The euro rose marginally to $1.4210 after the Fix, with gold being Fixed at $1,584.25 down $18 on yesterday. Gold was Fixed in the euro at €1,116.77 down €20 from its peak. Full Story
U.S. DOLLAR prices to buy gold fell Wednesday morning London time, dropping below $1584 per ounce – a 1.5% drop from the previous day's all-time high – while stock and commodity markets continued to recover after losing ground for much of the last week. Full Story
Gold is flat in U.S. dollars and New Zealand dollars but marginally lower in most currencies today as increased risk appetite has seen risk assets rally despite poor fundamentals. Most Asian indices were higher, except the Chinese and Indian markets, and European indices have also risen. Full Story
Gold rose $7.65 to a new record high of $1609.80 in Asia before it fell back off in London to as low as $1597.75 by about 9:35AM EST, but it then bounced back higher in New York and ended with a loss of just 0.1%. Silver surged to as high as $40.843 in Asia before it fell back to $39.911 by a little before 8AM, but it also bounced back higher in New York and ended with a gain of 0.02%. Both metals are falling in afterhours trade, however, in reaction to news that the “gang of 6” has “reached agreement on a major plan to cut the deficit by more than $4 trillion over the coming decade in what could be a bold entry into a debate on the deficit long bogged-down by bitter partisanship.” Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 July, 2011
With gold closing in New York at the record high of $1,602 and U.S. investors buying over 10 tonnes worth of shares in the gold Exchange Traded Fund of SPDR, U.S. investors are returning to the gold market with a bang. While the dollar and the euro continue to fall against other main global currencies, the dollar fell faster than the euro yesterday. It stood at $1.4197 against the euro in London’s morning today. Gold in the euro stood at €1,129.18 down €7 from its peak. Full Story
SPOT MARKET gold bullion prices dropped back to $1600 per ounce Tuesday morning in London – a 0.6% drop from yesterday's all-time high – while stock and commodity markets recovered some of the past week's losses as Europe looked ahead to this week's emergency EU summit. Full Story
Gold has fallen in most currencies today and is trading at USD 1,603, EUR 1,130, GBP 995 and CHF 1,315 per ounce. Gold is 0.3% higher in Swiss francs again today after the last two weeks of deepening turmoil saw gold rise in the Swiss franc. Full Story
Gold climbed to a new record high of $1607.13 at about 11:20AM EST before it fell back off a bit in the last couple of hours of trade, but it still ended with a gain of 0.77%. Silver surged to as high as $40.69 and ended with a gain of 3.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 18 July, 2011
U.S. gold markets and Asian markets kept gold buoyant through to Monday morning and left is opening at just below $1,600 at $1,598. It then Fixed at $1,598.25 a new record high. In the euro it roared, this morning, and Fixed at €1136.33 as the Eurozone crisis degraded one more step. After the Fix gold got a firm hold above $1,600 trading at $1,601 for the first time ever, with both the euro and the dollar falling but the euro doing it faster, dropping to $1.4032 a full cent lower than Friday. Take a look at the gold prices in the different currencies below. Full Story
THE SPOT MARKET gold price surged to $1602 per ounce Monday morning in London – a new intraday record – while stocks and commodities fell as politicians on both sides of the Atlantic appeared no closer to resolving their respective debt problems. Full Story
Gold rose to new record nominal highs in debt laden U.S. dollars, euros and pounds today due to the growing risk of a systemic financial collapse and fiat currency crisis. Gold rose 0.5% in U.S. dollar terms to a new nominal record high at $1,602.05 per ounce. Euro falls saw the dollar rise 0.8% against the euro and gold rise 1.4% in euro terms to EUR 1,041 per ounce. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
