SPOT GOLD PRICES traded in a $4 range around $803 an ounce in London Thursday morning, as global stock markets struggled to end three weeks of losses and crude oil slipped further away from $100 per barrel. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 November, 2007
Gold rose in after hours access trade yesterday and continued to gain in Asia to find an over 2% gain at as high as $807.25 at one point, but it then fell back off in London and New York and ended with a gain of just 0.91%. Silver rose to as high as $14.81 before it also fell back off and ended with a loss of 0.35%. Both metals are also seeing nearly 0.5% gains in today’s after hours access session at the time of writing. Full Story
THE SPOT GOLD MARKET dumped more than $12 an ounce in London on Wednesday morning after peaking at $807.45 late in the Asian session – nearly 4.5% above Tuesday's low. This wild volatility hit Gold Prices as world stock markets plunged, the US Dollar sank to new all-time lows, and crude oil came within 71¢ of $100 per barrel. Full Story
Hardly anything to comment on gold and silver for the time being as the US dollar continues to weaken. Crude oil probably will edge past $100 for $125 and it’s difficult to comment where will be the top. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 November, 2007
Gold rose about $5 in after hours access trade late yesterday before it fell back off and saw a small loss in early Asian trade, but it then rose to find an over $10 gain by the close of trade in Asia, held just under $790 in London, and advanced even further in New York. After climbing to as high as $798.40 by early afternoon it then plummeted about 1% off that high in the last half hour of trade, but it still ended with a gain of 1.80%. Silver followed a similar pattern and rose to as high as $14.80 before it also cut into its gains in the last half hour of trade, but it still ended higher by 2.27%. At the time of writing both metals are continuing their gains in today’s after hours access session with gold above $800 and silver above $14.65. Full Story
Gold was down $8.90 to $776.50 per ounce in New York yesterday and silver was down 31 cents to $14.12 per ounce. Gold has since moved upwards in Asia and European trading and is at $790.10 per ounce at 1130 GMT. It has thus recovered much of the ground lost yesterday. Gold is trading at £382 GBP (from £387 on Friday) and €534 EUR (down from €541 on Friday). Full Story
SPOT GOLD PRICES leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above last week's close to hit $789.65 by the Morning Fix. Full Story
Higher retail consumption is to a certain extent being dependent on financial services industry in every country. Financial service industry creates fast jobs and salaries also rise quickly. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 November, 2007
old rose to find nearly 1% gains above $792 in Asia and held near $790 in early London trade, but it then fell in midmorning New York trade and ended near its low of the session with a loss of 1.13%. Silver followed a similar pattern and ended with a loss of 2.15%. Full Story
SPOT GOLD PRICES gave back most of an early $6 rally on Monday morning, trading below $788 per ounce by midday in London after losing 5.7% last week – the biggest one-week decline since March. Full Story
This is a thanksgiving week. Volumes will reduce towards the second half of the week. This is also a very crucial week for crude oil and if it fails to break $100 there could be losses. Full Story
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