Gold fell to as low as $1192.52 in late morning New York trade before it jumped to as high as $1212.93 by early afternoon and ended with a gain of 0.97%. Silver fell to as low as $17.445 in late morning New York trade before it jumped to as high as $18.647 by early afternoon and ended with a gain of 5.04%. Full Story
THE PRICE OF GOLD slipped back from yesterday's huge jump early Friday, drifting 1.3% against the Dollar after reaching a near all-time record at $1210 amid Thursday's US stock-market crash. Full Story
Gold was up by more than 2% in dollar terms and by more than 3.5% in euros and pounds as the euro and pound fell sharply on contagion fears, hung parliament and economic concerns respectively. Gold reached new record nominal highs in sterling, euros and Swiss francs and 27 year highs in Japanese yen, also reaching a five-month high in dollars. Full Story
By: Chintan Karnani, Insignia Consultants - 7 May, 2010
There is lot of panic over yesterday’s US stock markets plunge. But for the moment this is just a technical correction for me and nothing else. Only if the stock markets continue fall for more than a fortnight then it will be in a medium term bear zone else sharp dips should be used as a long term investment opportunity. Full Story
Gold fell $1.50 to $1171.60 in Asia and rose to over 1% to $1185.07 in London before it fell back to see a gain of just $2.40 at $1175.50 at about 9AM EST in New York, but it then surged back higher for most of the rest of trade and ended near its noontime high of $1196.90 with a gain of 2.06%. Silver rose over 1% to $17.743 in London before it fell to see an over 1% loss at $17.302 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.34%. Full Story
THE PRICE OF WHOLESALE GOLD broke new all-time highs for Euro and UK investors at Thursday's AM Fix in London, hitting new 5-month high against the Dollar as global stock markets extended this week's near-5% losses. Full Story
Gold chopped its way higher in Asia and London and saw a gain of $5.79 at $1173.89 by around 8:30AM EST before it fell to see an over $10 loss at as low as $1157.55 by around 9:30AM EST, but it then rose to a new session high of $1176.42 by late morning in New York and ended with a gain of 0.43%. Silver dropped 4.4% to as low as $17.055 in midmorning New York trade before it also climbed back higher, but it still closed with a loss of 1.74%. Full Story
THE PRICE OF GOLD in US Dollars fell hard as the New York opening drew near on Wednesday, falling to a 1-week low as European shares, non-US currencies and global commodities extended yesterday's plunge. Full Story
Gold saw slight losses in Asia before it rose in London to see an almost $10 gain at as high as $1192.08 by about 9AM EST, but it then fell off rather markedly for most of the rest of trade in New York and ended near its late session low of $1166.65 with a loss of 1.21%. Silver traded only slightly lower in Asia and London before it also fell off further in New York and ended near its late session low of $17.78 with a loss of 5.16%. Full Story
Gold rose to new five month highs in New York on signs of increased investment demand for the metal as an alternative to the euro and other currencies. Bullion surged to new nominal record highs in euros, Swiss francs and British pounds (see charts), extending gains this year as concern about sovereign debts in Europe encouraged investors into the safe haven of gold. Despite the yen being higher against all other major currencies, gold rose to 112,669 Japanese yen an ounce, the highest price in yen since February 1983. Full Story
THE PRICE OF GOLD in wholesale dealing rose against all major currencies on Tuesday, hitting new record highs for European investors as stock markets and raw materials sold off worldwide. Full Story
Gold saw slight losses in Asia, but it then climbed back higher for most of the rest of trade in London and New York and ended with a gain of 0.22%. Silver followed a similar pattern and ended near its late session high of $18.855 with a gain of 1.13%. Full Story
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