Gold traded mostly slightly higher in Asia and London, but it then dropped throughout most of trade in New York trade and ended near its late session low of $1498.41 with a loss of 1.26%. Silver fell to as low as $34.467 before it bounced back higher, but it still ended with a loss of 0.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 June, 2011
In the dollar the gold price fell $33 before recovering slightly. However, in the euro it did not fall as much because of the weakness of the euro. At Asia’s close it stood at €1,066.98 down from €1,080 a €14 fall. At the morning Fix in London it was set at $1,521.00 and in the euro at €1,065.35 with the dollar standing at €1: $1.4221. Full Story
THE SPOT PRICE to buy gold traded in a tight range around $1520 an ounce Friday morning London time – 0.5% above its one-month low – having fallen in Asian trading, while stocks gained after comments from China's premier that inflation in that country is under control. Full Story
Gold is lower again today after yesterday’s 2% fall in U.S. dollar terms. Gold’s fall in euros yesterday was mild due to euro weakness. Gold is marginally higher in euros today as the euro remains weak on continuing concerns about the Greek and Eurozone debt crisis. Full Story
Gold fell $37.69 to as low as $1514.71 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 2.1%. Silver slumped to as low as $34.797 and ended with a loss of 4.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 June, 2011
The Gold price closed in New York at the $1,552 but fell in Asia back to $1,547, before Fixing at $1,546.00 and in the euro at €1,074.36. It then picked up to $1,550 while the dollar hovered around $1.4305 to $1.4350 and in the euro gold recovered to €1,080.18. Overall the markets were unmoved by the vote of confidence in the Greek government. Full Story
U.S. DOLLAR gold prices continued falling Thursday morning in London, hitting $1538 per ounce – a 1.3% drop from Wednesday's high, and nearly back to where they started the week. Full Story
Gold is marginally lower in U.S. dollars but continues to eke out gains in euros. The euro has fallen again today possibly as markets digest Trichet’s grim warning regarding financial contagion. Gold at €1,081.40/oz is less than 1% away from record nominal highs in euros at €1,088/oz. Full Story
Gold fell $4 to $1541.00 at about 6:30AM EST, but it then rose to as high as $1558.09 by late morning in New York and ended with a gain of 0.48%. Silver fell to $35.878 in London, but it then climbed to as high as $36.763 in New York and ended with a gain of 0.8%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 June, 2011
The Greek Prime minister won his vote of confidence at midnight last night, when other markets were closed. Asia did not sell gold but held the price at its recent high of $1,547. The euro gained slightly at $1.4402. Gold in the euro fell slightly to €1,074.09 ahead of London’s opening. Full Story
THE SPOT MARKET Dollar gold price fell to $1542 per ounce late Wednesday morning in London – still a touch above where it started the week, and 2.2% off last month's record high – while commodities fell and stocks were mixed after Greece's prime minister survived a confidence vote. Full Story
Gold is lower in dollars but higher in euros and has reached new record highs in pounds sterling at £958.25/oz. Gold is being supported by strong and increasing demand internationally. Sterling has fallen after the BoE minutes raised concerns of further quantitative easing and currency debasement. The Bank of England looks increasingly likely to maintain its ultra accommodative monetary policies. Interest rates may continue to remain at multi century lows and the BoE is again considering more printing of money to buy government debt. Full Story
Gold reversed overnight gains and dipped to see a fifty cent loss at $1540.60 in midmorning New York trade, but it then rose to a new session high of $1548.04 by early afternoon and ended with a gain of 0.25%. Silver surged to as high as $36.522 and ended with a gain of 1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 June, 2011
Asia ended its day in the region of $1,541.80 Greek Parliament’s vote of confidence today. In the euro it was sitting at €1,075.85 ahead of London’s opening. The euro is sitting at Friday’s levels at €1: $1,4331 before London opened. At the Fix in London, gold in the dollar was $1,543.00 and in the euro at €1,077.21. Full Story
THE WHOLESALE price of gold bullion rose above $1545 per ounce Tuesday morning in London – just over 2% off last month's all-time high – while stock and commodity markets also gained. US Treasury bonds fell meantime as negotiations continued over the US federal debt ceiling. Full Story
Gold is marginally higher in most currencies today and on the verge of making new nominal highs in dollars, euros and pounds. It is holding near record highs as there is no quick end in sight to economic turmoil in Europe after Greece was told to approve brutal new austerity measures to avoid defaulting on its debt. This would threaten the solvency of many western banks and the European Central Bank's Ordonez (member of the ECB’s governing council) warned this morning that the Greek crisis could have ‘transcendent consequences’. Full Story
Gold fell $4.77 to $1532.83 by about 8:20AM EST before it rallied up to $1546.55 in early New York trade and then fell back off a bit in late morning trade, but it still ended with a gain of 0.23%. Silver dropped 47 cents to $35.26 before it surged to as high as $36.095 by about 9:30AM EST and then also fell back off a bit, but it still ended with a gain of 0.78%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 June, 2011
Overnight gold rose to the higher $1,530 area. In the euro it is racing back to the previous peaks in the €1,080’s. The euro is sitting at Friday’s levels at €1: $1,4229 ahead of London’s Fix. At the Fix in London, gold in the dollar was $1,537.00 and in the euro at €1,079.66. Full Story
U.S. DOLLAR gold prices hovered in a tight range around $1537 per ounce Monday morning London time – 2.5% below last month's all-time record high – while stock and commodity markets fell and US Treasury bonds gained after Eurozone finance ministers postponed a decision on financial aid for Greece. Full Story
Gold is being supported as default risk has increased after EU finance ministers failed to agree on a new Greek loan package. Gold priced in sterling rose to new record nominal highs this morning at £954.84/oz and the weakness of the euro has seen gold rise to touching distance (9 euros) from new record highs in euro terms at €1,088/oz. Full Story
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