Gold edged down to $1346.45 in Asia before it rebounded to $1352.69 at about 8:20AM EST and then dropped back to as low as $1329.28 after this morning’s jobs report was released, but it then rallied back higher in the last four and a half hours of trade and ended with a loss of just 0.82%. Silver slumped to as low $20.769 before it also rallied back higher, but is still ended with a loss of 2.7%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 March, 2014
The New York gold price closed at $1,350.30 up$12.90 on Thursday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,348.25 up $14.75. In the euro, it Fixed at €971.222 down €0.717, barely changed again, as the dollar stood at $1.3887 over 1% weaker. Ahead of the opening in New York gold stood at $1,348.40 and in the euro at €970.91. Full Story
Although it’s often argued that London is a unique property market fuelled by a buoyant London economy and continued international interest from overseas buyers, recent price appreciation has taken on a distinct frothy appearance. Full Story
Gold dropped $6.04 to $1331.36 in Asia, but it then rose to as high as $1353.07 in New York and ended with a gain of 0.96%. Silver surged to as high as $21.628 and ended with a gain of 1.42%. Full Story
Gold fell $2.36 to $1332.74 in late Asian trade before it rallied back to $1341.79 by early afternoon in New York, but it then fell back off into the close and ended with a gain of just 0.17%. Silver climbed to $21.314 in London, but it then fell back off in late trade and ended with a loss of 0.09%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 March, 2014
The New York gold price closed at $1,335.10 down $16.30 on Tuesday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,333.50 down $6.00. In the euro, it Fixed at €971.939 down €1.96, barely changed, as the dollar stood at $1.3720, slightly stronger. Ahead of the opening in New York gold stood at $1,333.75 and in the euro at €972.22. Full Story
The US February private ADP number and the Federal reserve’s beige book will be the key today. Gold would have fallen but for the Ukraine. Ukraine now is just a calm before the next whirlpool. Germany has a huge investment interest in Russia (this is as a per a story on www.bloomberg.com). Germans will try their best to prevent a NATO trade sanction on Russia. Germany is a key member of the Eurozone and the NATO alliance. Full Story
Gold fell almost $20 to $1331.79 at about 8AM EST before it bounced back higher in New York, but it still ended with a loss of 1.21%. Silver slipped to as low as $21.045 and ended with a loss of 1.12%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 March, 2014
The New York gold price closed at $1,351.40 up $26.80 on Monday in New York. Then, the Ukraine story was seen in context and gold retreated from the Ukrainian premium to $1,337 ahead of the opening in London. The gold price was Fixed in London at $1,339.5 down $4.75. In the euro, it Fixed at €973.899 down €1.68, barely changed, as the dollar stood at $1.3754, slightly stronger. Ahead of the opening in New York gold stood at $1,337.00 and in the euro at €971.34. Full Story
Whether Ukraine will be Russia's might or Russia's plight will be known in the coming weeks. A Russian plight from Ukraine will result in the death of communism from the world. These NATO guys and their capitalist view will be there in Russia also if there is a Russian plight from Ukraine. Long term political implications will be there for Russia even if there is no war in Russia. Full Story
Gold climbed $30.15 to as high as $1354.75 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 2.02%. Silver surged to as high as $21.696 and ended with a gain of 1.23%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 March, 2014
The New York gold price closed at $1,324.60 down nearly $6 on Friday in New York. Then, the Ukraine story turned global and gold jumped to $1.347.20 in Asia. London held it there ahead of the Fix. The gold price was Fixed in London at $1,344.25, up $16.50. In the euro, it Fixed higher at €975.579 up €13.929, while the dollar stood at $1.3779. Ahead of the opening in New York gold stood at $1,344.35 and in the euro at €975.90. Please note it has not moved in the euro since Thursday last! Full Story
Developments in Ukraine will be closely watched by the world. Gold will regain the status of safe haven in case of a war between the current Ukrainian government aided by the USA and its NATO allies and Russia. Traders who went short in gold on the hope of a taper by the Federal reserve this month and other positive sets of US economic data releases could short cover. The developments in Ukraine in the next two weeks are very important and will only increase the intraday volatility in bullion. Full Story
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