GOLD HEADED into the weekend more than 0.6% up on the week here in London on Friday, gaining as world stock markets also rose alongside crude oil and commodity prices. Recording an AM Gold Fix of $1061.25 an ounce – its best-ever Friday fix in Dollars – gold also rose against the Euro as the single currency held flat vs. the Dollar. Full Story
Gold is currently trading at $1,054.60/oz. In euro and GBP terms, gold is trading at €704.60/oz and £637/oz. Support for gold is currently seen at $1,043/oz and resistance at $1,070/oz. Gold closed Friday night trading at $1,058.70/oz. In euro and GBP terms gold is trading at €704.55/oz and £642/oz. Gold looks set for its fourth week of gains (if it can remain above $1,053/oz) and this would be bullish technically. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 October, 2009
Gold traded mostly slightly lower in Asia and London and fell as much as $12.10 to $1051 by about 10AM EST before it spiked back higher in late morning trade to see a loss of just $1.95 by a little after 11AM EST, but it then fell back off a bit into the close and ended with a loss of 0.51%. Silver fell as much as $0.457 to $17.33 before it also rallied back higher in late morning New York Trade, but it then fell back off slightly in the last couple of hours of trade and ended with a loss of 1.46%. Full Story
WHOLESALE INVESTMENT gold prices bounced from an early dip in London on Thursday, rising to $1057 an ounce as world stock also turned higher but remained more than 1% down on the day. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 October, 2009
Gold traded mixed in Asia before it fell back off in London to see a loss of $9.25 at $1048.15 by about 9AM EST in New York, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1064.75 with a gain of 0.54%. Silver followed a similar pattern and fell as much as $0.27 to $17.28 before it also climbed back higher in the last several hours of trade and ended at its session high of $17.79 with a gain of 1.37%. Full Story
THE PRICE OF GOLD fell hard as the US Dollar bounced in London trade Wednesday morning, dropping back to $1050 an ounce. World stock markets also fell, down 1.0% from Tuesday's new 2009 highs, while crude oil slipped $1 per barrel from yesterday's 12-month highs above $80. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 October, 2009
Gold rose over $10 to as high as $1067.65 in Asia, but it then fell back off for most of the rest of trade and ended about $5 off its early afternoon low of $1052.10 with a gain of just 0.04%. Silver dropped to as low as $17.39 by late morning in New York before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 0.17%. Full Story
The Producer Price Index fell 0.6% in September, after rising 1.7% in August. Analysts expected no change in last month's readings. The Fed will be looking at the PPI and CPI for clues about inflation, and so far it remains relatively muted, meaning that interest rates will likely remain unchanged for some time. Full Story
THE PRICE OF GOLD recovered from an early dip in London on Tuesday, trading above $1064 an ounce as the New York opening drew near, while global stock markets ticked lower from a new 2009 high on the MCSI World Index. Full Story
Gold is trading at $1.063/oz this morning and traded between $1,048/oz and $1,066/oz over the last 24 hrs. In EUR and GBP terms, gold is trading at €710/oz and £648/oz respectively. Gold continues to gradually eke out gains and consolidate at near record levels on continuing oil strength and dollar weakness. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 October, 2009
Gold traded mostly slightly higher in Asia and London before it fell to see a $2.80 loss at as low as $1047.50 by about 10AM EST in New York, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.64%. Silver followed a similar pattern and ended with a gain of 1.03%. Both metals are also adding to their gains in after hours access trade at the time of writing. Full Story
THE SPOT PRICE OF WHOLESALE GOLD held flat against all major currencies early Monday in London, opening the week at $1054 per ounce as world stock markets rose and government bonds ticked lower. Full Story
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