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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 7 March, 2008
Gold rose to $986.15 immediately following the jobs report, but it was then knocked down for the rest of trade and ended near its low of $969.45 with a loss of 0.28%. Silver rose to $20.58 before it dropped to $19.825 by about 9:45AM EST, but it then rallied back higher and was able to end with a gain of 0.10%. Full Story |
By: GoldSeek.com - 7 March, 2008
COT Gold, Silver and US Dollar Index Report - March 07, 2008 Full Story |
By: Peter A. Grant, USAGOLD - 7 March, 2008
Gold remains generally well bid, just shy of the much discussed $1,000 level. While profit taking ahead of this key psychological barrier has prevented penetration thus far, dips continue to attract solid buying interest. With the dollar continuing to trend lower, and oil tracking higher, it's just a matter of time before gold trades above $1,000. Full Story |
By: Gold Investments - 7 March, 2008
The main story though is the persistent dollar weakness. The greenback is falling daily to record lows against the euro and while the ECB are concerned about the absolute level they have one eye firmly fixed on inflation and as a result will be handcuffed from using monetary policy to relieve the pressure on the single currency. Full Story |
By: Adrian Ash, BullionVault - 7 March, 2008
THE PRICE OF PHYSICAL GOLD BULLION dipped once again early in London on Friday, after recovering yet another sharp fall sparked by a forced sale of stocks, bonds and mortgage-backed assets from heavily indebted fund managers. Full Story |
By: Chintan Karnani, Insignia Consultants - 7 March, 2008
Silver this week silver has been very volatile and it has tested the nerves of the day trader. Investors in silver need not worry. Fundamental bullishness and undervaluation will prevent silver from a major fall in the long run. Full Story |
By: Chris Mullen, Gold-Seeker.com - 6 March, 2008
Gold rose a few dollars to $992.35 by late trade in Asia, but it then fell in choppy trade for the rest of the day in London and New York and made a low of $965.75 before it rebounded almost $10 in the last hour and a half of trade and closed with a loss of 1.36%. Full Story |
By: Peter A. Grant, USAGOLD - 6 March, 2008
Gold is consolidating Wednesday's move to new record highs. The recovery from corrective losses earlier in the week was impressive indeed as traders continue to view any setback as a buying opportunity. New record highs in oil above 105.00 and fresh all-time lows in the dollar are keeping the yellow metal underpinned. Full Story |
By: Adrian Ash, BullionVault - 6 March, 2008
THE PRICE OF PHYSICAL gold bullion moved in a tight 0.8% range early Thursday, re-touching yesterday's new all-time high above $992 per ounce as the US Dollar sank once again. As the opening drew near in New York – where a small bomb damaged an army recruitment center in Times Square overnight – crude oil jumped to a new record above $105 per barrel. Full Story |
By: Gold Investments - 6 March, 2008
With oil having surged to new record highs (at $105.95 per barrel) and with the dollar falling to new record lows against the euro (1.5346), gold looks set to topple the symbolic and psychologically important $1000 per ounce mark in the coming days as hedging inflation and risk aversion leads to safe haven buying. Full Story |
By: Chintan Karnani, Insignia Consultants - 6 March, 2008
Traders and investors have started investing away from equities into commodities. This is one of the prime reasons for the rise in prices. Commodities are one those investments which if you start trading are addictive in my view. Full Story |
By: Chris Mullen, Gold-Seeker.com - 5 March, 2008
Gold fell to $958.97 in London, but it then rallied back higher throughout most of trade in New York and made a new record high of $993.05 before closing with a gain of 2.51%. Silver dropped to $19.37 in London, but it also rallied back fiercely in New York and rose to a new 27 year high of $20.82 before it closed with a gain of 4.56%. Full Story |
By: Peter A. Grant, USAGOLD - 5 March, 2008
Gold retreated on Tuesday, reportedly on fund selling. This was initially attributed to profit taking, with funds looking to lock in nearly 20% gains ahead of the end of the quarter. Subsequently it became evident that there were rumors circulating that a distressed hedge fund was being forced to liquidate assets and the rest of the market was trying to get out in front of it. Full Story |
By: Gold Investments - 5 March, 2008
In recent months, sell offs have been very short in duration of some 2 to 5 days and a similar sell off and subsequent consolidation prior to challenging $1,000 could be expected now. However, the possibility of a short squeeze and some extremely nervous shorts who have lost billions in recent weeks might make this correction even shorter than expected. Full Story |
By: Adrian Ash, BullionVault - 5 March, 2008
THE SPOT PRICE OF GOLD held in a tight $6 range early in London on Wednesday, trading 0.8% above last night's three-session low as Asian stock markets closed lower for the fifth day running and US bond prices rose ahead of a raft of economic data. Full Story |
By: Chintan Karnani, Insignia Consultants - 5 March, 2008
Metals and energies fell on a technical correction and nothing else. Yesterday I had mentioned that law of gravity can act anytime. After a one way rise for the past one month metals fell. Liquidity pressures due to continuous fall in stock markets entered commodity markets also. Full Story |
By: Chris Mullen, Gold-Seeker.com - 4 March, 2008
Gold rose to as high as $988.15 in London and got within $1.40 of yesterday’s record high, but it then plummeted to as low as $960.95 by late morning in New York and ended near its low with a loss of 1.7%. Silver climbed to $20.55 in London to come within 6 cents of yesterday’s 27 year high, but it then fell to as low as $19.65 by late morning in New York and ended near its low with a loss of 1.5%. Full Story |
By: Peter A. Grant, USAGOLD - 4 March, 2008
Gold is consolidating Monday's push to new record highs, just shy of the $1,000 level. The precious metals complex as a whole is benefiting from strong fund flows into a wide range of commodities as managers seek higher returns in the face of a rather vulnerable looking global stock markets. A weak dollar and firm oil prices continue to underpin the yellow metal as well. Full Story |
By: Adrian Ash, BullionVault - 4 March, 2008
THE SPOT GOLD MARKET recovered an overnight dip of 0.5% as the US open drew near on Tuesday, taking the price of physical Gold Bullion within $1.50 of Monday's new record high. Global stock markets meanwhile continued to drop, losing 2% in Hong Kong, as soft commodity prices dipped together with base metals. Full Story |
By: Gold Investments - 4 March, 2008
In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and euro to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31. Full Story |
By: Chintan Karnani, Insignia Consultants - 4 March, 2008
Hardly anything to comment on the markets, as metals benefit from a weaker US dollar and soft equity markets. Some section of the market has started pricing in a 0.75% interest rate cut by the Fed this month. If equity markets continue to fall before the Fed meeting the Fed will definitely deliver a 0.75% interest rate cut. Full Story |
By: Chris Mullen, Gold-Seeker.com - 3 March, 2008
Gold climbed to as high as $989.55 by about 10AM EST in New York before it fell back off into the close, but it still ended with a gain of 0.97% at a new record high. Silver climbed to as high as $20.608 before it also pared its gains in the last few hours of trade, but it still ended with a gain of 1.5% at a new 27 year high. Full Story |
By: SilverSeek.com - 3 March, 2008
Denver, Colorado -- The spot price of silver reached new record levels, touching a fresh 28 year peak. The price of silver was quoted bid $20 a troy ounce in overseas trading, surpassing the $20 mark at just after 23:45 Eastern Time, Sunday March 2, 2008. Full Story |
By: Peter A. Grant, USAGOLD - 3 March, 2008
Gold surged to new record highs as the dollar continues its slide and global stocks take a beating. Gold has moved within $15 of the much discussed $1,000 threshold, after recovering from earlier profit taking. Full Story |
By: Adrian Ash, BullionVault - 3 March, 2008
THE SPOT PRICE OF GOLD leapt in Asian trade Monday, starting the week in London at new record highs against all major currencies except the Swiss Franc and Japanese Yen as global stock markets fell yet again. Full Story |
By: Chintan Karnani, Insignia Consultants - 3 March, 2008
Gold, silver and crude oil have risen much more sharply than markets expected at the beginning of 2008. In fact we are also amazed by the pace of the rise. When the Federal Reserve chairman says that the US economy is under shreds and a path to recovery is full of thorns, precious metals are bound to rise. Full Story |
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