Gold saw only modest gains in Asia and London, but it then accelerated higher in midmorning New York trade and ended near its early afternoon high of $1754.10 with a gain of 1.26%. Silver surged to as high as $34.16 and ended with a gain of 2.19%. Full Story
New York closed at $1,729.20 barely changed on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,734 ahead of London’s opening. It was Fixed at $1,734.75 up $5.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,345.393 up €1 from yesterday while the euro was slightly stronger at €1: $1.2894. Ahead of New York’s opening, gold was almost the same at $1,733.79 and in the euro at €1,343.73. Full Story
The DOLLAR PRICE of physical gold rose back to $1734 per ounce in London on Friday morning, nearing the top of the last 5 weeks' trading range as so-called "risk assets" also crept higher. Asian and European stock markets were slightly stronger, while the single Euro currency pushed back above $1.29. Full Story
Gold inched up on Friday, set for its 2nd week of gains, as the euro strengthened on news of advancement in Greece’s bailout talks while the looming US fiscal cliff continues to support bullion. Stock markets are down a touch and oil prices are edging lower due to the ceasefire in the Gaza strip and demand destruction concerns. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 November, 2012
New York closed at $1,729.20 up $1.50 on yesterday. This morning, Asian and London dealers took the gold price higher to trade at $1,729.70 ahead of London’s opening. It was Fixed at $1,729.75 up $3.00 on yesterday morning’s Fix. In the euro it was Fixed at €1,344.226 down €6.5 from yesterday while the euro was stronger at €1: $1.2868. Ahead of New York’s opening, gold was almost the same at $1,730.25 and in the euro at €1,343.73. Full Story
THE U.S. DOLLAR gold price traded close to $1730 an ounce during Thursday morning's London session, holding onto gains made a day earlier, as European stock markets edged higher, with US markets closed today for Thanksgiving. Full Story
Gold priced in Japanese yen rose to a nine-month high this morning at 143,262 yen/oz and is on track for its biggest weekly rise since February, up 2.8% according to Reuters. The yen came under heavy pressure from growing speculation that the Bank of Japan would aggressively ease monetary policy in the coming months. Gold trading is quiet with the US markets closed for the Thanksgiving holiday today and the early close tomorrow. Full Story
Gold and silver have managed to trade over $1720 and $3300 this week and look headed for big gains. Chinese manufacturing expansion in November should be bullish for base metals. News from Europe and handling of the US fiscal cliff will be the key. There is no news for a sell off in gold and silver and traders will prefer to remain long than short. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 November, 2012
Gold traded mostly slightly lower in Asia and London, but it then rose to as high as $1731.66 in New York and ended with a gain of 0.09%. Silver surged to as high as $33.378 and ended with a gain of 0.51%. Full Story
IT USED TO BE taken for granted that you could put aside some money and earn enough interest to be better off than when you started. As the world continues to struggle with the aftermath of an enormous credit boom and its subsequent bust, though, this kind of objective seems hopelessly naïve. Events in Europe and the US this week are the latest reminder of this. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 November, 2012
New York closed at $1,727.70 down $4.40 on yesterday. This morning, Asia and London dealers took lower to trade at $1,726.20 ahead of London’s opening. It was Fixed at $1,726.75 down $7.25 on yesterday morning’s Fix. In the euro it was Fixed at €1,350.712 down €2.25 from yesterday while the euro was at €1: $1.2784. Ahead of New York’s opening, gold was almost the same at $1,726.30 and in the euro at €1,348.46. Full Story
WHOLESALE gold bullion prices climbed back above $1725 an ounce Wednesday morning in London, making up some ground lost the previous day, while stocks and the Euro recovered losses made in Asian trading immediately after the news that European policymakers had failed to reach a deal on Greece. Full Story
Gold inched lower on Wednesday despite Greece's lenders being unable to agree on a debt deal, but support for bullion remains due to the very uncertain economic backdrop and global central bank’s loose monetary policy stance. Full Story
This is just a consolidation phase before the next big move in gold. Silver needs to trade over $3300 to be in a bullish zone. Federal Reserve chairman asked US politicians to resolve the US fiscal cliff and also asked them to address the long term budget situation. He also said that the US economy could have lost some of the current fizz. News from the USA, the Middle East and Europe will dictate the markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 November, 2012
Gold edged up to $1735.50 in London before it fell back to as low as $1721.90 in early afternoon New York trade, but it then rallied back higher in the last two and a half hours of trade and ended with a loss of just 0.25%. Silver slipped to $32.86 in early afternoon New York trade, but it then rallied back higher into the close and ended with a gain of 0.12%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 November, 2012
New York closed at $1,732.10 up $21.6 on yesterday. This morning, Asia and London dealers took higher to trade at $1,723.45 ahead of London’s opening. It was Fixed at $1,734.00 up $10.75 on yesterday morning’s Fix. In the euro it was Fixed at €1,354.053 up €4.5 from yesterday while the euro was at €1: $1.2806. Ahead of New York’s opening, gold was almost the same at $1,733.79 and in the euro at €1,353.73. Full Story
SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded France. Full Story
Gold is flat today and appears to be consolidating on yesterday’s gains. Conflict in the Middle East and Moody’s downgrade of France’s AAA rating will support gold. Indeed, the Moody’s downgrade of France shows how the global debt crisis is spreading to Europe’s core with obvious ramifications for the euro. Full Story
Safe haven demand for gold and silver got boosted by the France debt rating cut from AAA and tensions between Israel and Hamas. Technicals further came to the rescue for gold and silver bulls. Crude oil is also getting support from Middle East tensions. Gold is also getting support from crude oil. Full Story
By: Chris Mullen, Gold-Seeker.com - 19 November, 2012
Gold rose to as high as $1735.20 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 1.18%. Silver surged to as high as $33.205 and ended with a gain of 2.7%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 19 November, 2012
New York closed at $1,711.9 down just over $2.00 on Friday. This morning, Asia and London dealers took higher to trade at $1,723.45 ahead of London’s opening. It was Fixed at $1,723.25 up $13.25 and in the euro at €1,349.663 up €7 from yesterday while the euro was at €1: $1.2768. Ahead of New York’s opening, gold was slightly stronger at $1,724.45 and in the euro at €1,350.49. Full Story
SPOT MARKET gold bullion prices hovered close to $1725 an ounce during this morning's London trading, holding gains made overnight in Asia, as stocks and commodities also recovered some ground lost last week, after news that a deal may be achieved in time to avoid so-called fiscal cliff of US tax rises and spending cuts currently scheduled for the start of 2013. Full Story
Gold rose on Monday as the dollar fell and oil prices rose as the Israeli Palestinian conflict escalates and the US fiscal cliff discussions support the yellow metal. Gold ETF funds climbed to a record high of 75.421 million ounces on November 16thshowing how institutional demand for the ETF remains robust as ever. Full Story
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