By: Chris Mullen, Gold-Seeker.com - 24 September, 2010
Gold rose to a new all-time high at $1299.77 by about 9:15AM EST before it fell back off a bit into the close, but it still ended with a gain of 0.15% at a new all-time closing high. Silver climbed to a new 30-year high of $21.431 before it also dropped a bit, but it still ended with a gain of 0.94%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 September, 2010
Again Asia has led the way overnight. The gold price stood at $1,298 as London accepted the price and Fixed it at that level in the morning. Ahead of New York the price went up a $ leaving only one more dollar to go before there is a new ‘big’ figure of $1.300. It is the relentless Asian demand that is pushing the large institutional buyers, buying with ‘limit’ orders, to up their limits. Full Story
THE PRICE OF GOLD came within 80¢ of $1300 an ounce Friday morning in London, with front-month gold futures in New York breaching that level, as trader-room rumors said the central banks of both Japan and Switzerland were actively selling their own currencies to depress them on the forex market. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 September, 2010
Gold fell to as low as $1286.80 in London, but it then rallied back higher for most of trade in New York and ended near its late morning high of $1295.82 with a gain of 0.29% at a new record high. Silver fell to as low as $20.84 by a little after 8AM EST, but it then rallied back higher for most of the rest of trade and ended near its late morning high of $21.23 with a gain of 0.81% at a new 30-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 September, 2010
The gold price has barely moved in Asia overnight, in London this morning and ahead of the opening in New York. It Fixed in London this morning at $1,291.50 after yesterday afternoon’s Fix of $1,293.50. It is clear that the London Fix is the biggest influence on the gold price right now. Buyers and sellers at the Fix are professional and institutional buyers with the emphasis on long term investors. Full Story
THE PRICE OF GOLD sat tight above $1290 an ounce in London on Thursday morning, holding 1.4% above last week's close as European stock markets extended their losses to 1.2% and crude oil dropped below $74 per barrel. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 September, 2010
Gold continued yesterday’s post-fed rally in Asia and London and rose to a new record high of $1295.80 a little after 9AM EST in New York before it fell back off into the close, but it still ended at a new record closing high with a gain of 1.4%. Silver climbed to a new 30-year high of $21.15 before it also fell back off a bit, but it still ended with a gain of 1.99%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 September, 2010
You will probably understand what all the noise about a double-dip recession or very slow growth is all about now. The Fed’s statement tried not to say the worst but could not avoid what sat between the lines. Growth is slowing and may continue to do so, giving rise to fears of deflation, were the unwritten words. Full Story
THE PRICE OF GOLD in wholesale dealing leapt to fresh record highs vs. the Dollar at $1295 an ounce early Wednesday, after the US currency fell hard following the Federal Reserve's new policy stance, pointing to fresh "money printing" ahead. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 September, 2010
Gold saw a slight gain at $1282.17 in London, but it then fell back off for most of the rest of trade and ended with a loss of 0.53%. Silver rose to as high as $20.83 and fell to as low as $20.485 before it rebounded a bit in New York, but it still ended with a loss of 0.82%. Both metals have risen sharply in after hours trade in reaction to the fed’s statement. Full Story
THE PRICE OF WHOLESALE gold bullion eased back from yesterday's new record highs in London on Tuesday, unwinding Monday's 0.7% gain as world stock markets crept higher ahead of the US Federal Reserve's latest policy decision. Full Story
By: Chris Mullen, Gold-Seeker.com - 20 September, 2010
Gold climbed to as high as $1283.05 in Asia before it fell back near unchanged in early New York trade and then jumped to a new session high of $1283.45 by late morning ahead of a dip back to $1277.00 in early afternoon trade, but it then rallied back higher into the close and ended at a new record closing high with a gain of 0.27%. Silver rose to as high as $20.97 in Asia and fell to as low as $12.67 in early afternoon New York trade before it rallied back higher into the close, but it still ended with a loss of 0.1%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 20 September, 2010
Once again Asia dictated the direction of gold and silver today. The morning started over $1,280 and held that level to Fix in London at $1,280.25. We repeat that so long as the London Fix dominates the gold market physical demand will overrule all other gold markets. Asia’s buying has nothing to do with anything other than Asian considerations. Ahead of New York, the price climbed two dollars. Full Story
THE PRICE OF GOLD in US Dollars edged up to fresh record highs above $1283 at the start of London trading on Monday, while silver re-visited last week's 30-year highs above $21 per ounce. Full Story
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