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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 7 September, 2007
Spot gold rose to its highest today since May 2006 when it climbed to as high as $725 for the first time in 25 years. Gold traded mixed in Asia and London and then spiked higher following the release of poor jobs data in New York. After seeing over $10 gains and climbing over $706 by 10AM EST, gold did moderate a bit into the close, but it still ended with a gain of 0.81%. Silver climbed over $12.60 before it also cut some of its gains by early afternoon, but it then spiked back higher in afternoon trade and ended near its session high with a gain of 1.54%. Full Story |
By: GoldSeek.com - 7 September, 2007
COT Gold Report - September 7, 2007 Full Story |
By: SilverSeek.com - 7 September, 2007
COT Silver Report - September 7, 2007 Full Story |
By: Adrian Ash - 7 September, 2007
Now the latest de-hedging rumors, coupled with surging demand from Western investors and Indian farmers alike, look set to keep gold well-supported as the weekly close draws near today – the highest weekly close since that top of May last year. Full Story |
By: Chintan Karnani, Insignia Consultants - 7 September, 2007
What a great way to begin a month for gold as it nears $700.0. Silver’s rise is not spectacular and I hope that the most under rated metal of 2007 is able to keep the momentum. It’s back to the same old debate of investing in paper assets versus hard assets. Full Story |
By: Chris Mullen, Gold-Seeker.com - 6 September, 2007
Gold traded modestly higher in Asia and London and then added to its gains in early New York trade to see over 1% gains near $690 by about 10AM EST before it fell back near $685 by about 11AM EST, but it then took off to new highs between 11AM and noon and topped $697 ahead of some modest profit taking in afternoon trade that left it with a gain of 2.00%. Silver rose to as high as $12.50 by midday before it also fell back off a bit into the close, but it still ended with a gain of 1.48%. Full Story |
By: Adrian Ash - 6 September, 2007
SPOT GOLD PRICES raced to a four-month high against the US Dollar in the first-half of London trade on Thursday, breaking the $685 level seen by many chart-watching analysts as "key" short-term resistance. Full Story |
By: Gold Investments - 6 September, 2007
Spot gold was trading at $683.50/684.00 an ounce as of 1215 GMT. Gold has continued to show strength in Asian and European trading. Gold is being supported by a weaker dollar and near record oil prices again. The continuing uncertainty in the financial markets is likely to be leading to an increase in safe haven buying as well. Full Story |
By: Chintan Karnani, Insignia Consultants - 6 September, 2007
Yesterday, I had written that base metal will take the maximum hit as and when global growth slows. OECD has reduced growth forecast for 2007. Base metals rose in London after a reduction in LME inventory only to plunge thereafter. Full Story |
By: Chris Mullen, Gold-Seeker.com - 5 September, 2007
Gold dropped to find over $4 losses by midday in London, but it then rebounded in late morning trade in New York and traded just slightly lower for the rest of the day before it closed with a loss of 0.21%. Silver dropped to as low as $12.08 by early morning in New York before it also rebounded higher into the close, but it still ended with a loss of 0.90%. Full Story |
By: Gold Investments - 5 September, 2007
Spot gold was trading at $679.50/680.00 an ounce as of 1215 GMT. Gold has traded sideways to slightly down in Asian and European trading after yesterday's strong performance with gold rallying 1.3% to $682.30. Gold easily took out the resistance at $675 and looks likely to challenge the psychologically important $700 in the coming weeks. Full Story |
By: Adrian Ash - 5 September, 2007
SPOT GOLD PRICES ticked lower during Asian trade on Wednesday, just dipping below $680 at the opening in Europe but recording the highest AM Fix in London since July 24th – nearly 0.9% above yesterday's start – at $679.50 per ounce. Full Story |
By: Chintan Karnani, Insignia Consultants - 5 September, 2007
Gold and silver yesterday had an impressive rally, in line with our expectations. However it remains to be seen whether they continue their gains for the remainder of the week. I am bullish on gold and silver, but history prevents my from being too bullish as they have disappointed me whenever I became too bullish. Full Story |
By: Chris Mullen, Gold-Seeker.com - 4 September, 2007
Gold remained near unchanged during world trade on Monday and early Tuesday, but it then took off in New York shortly after 9AM EST, topped $680 by noon, remained near its high in afternoon trade, and ended with a gain of 1.35%. Silver briefly dropped back under $12.00 in early New York trade before it also surged higher for the rest of the morning and closed near its high with a gain of 2.08%. Full Story |
By: Adrian Ash - 4 September, 2007
SPOT GOLD PRICES rose steadily against the US Dollar in early London trade, nearing a four-week high of $675 per ounce as Wall Street got back to work after Labor Day. Full Story |
By: Gold Investments - 4 September, 2007
Gold remains near a 3 week high and just below last Friday's third highest monthly close for gold ever. Gold's consolidation in recent months after the blow off top in May 2006 bodes well for the long term health of this bull market. A very strong foundation has been put in place in recent months and in gold's "summer slow season" which will likely see gold rallying strongly into the autumn and the close of 2007. Full Story |
By: Chintan Karnani, Insignia Consultants - 4 September, 2007
It’s all abut interest rates and economic growth for the next fortnight. Markets will be looking forward to every economic number and see whether economic growth could lead to an interest rate hike or a cut by the developed nations. For the first time in two years there is an interest rate uncertainty ahead of the major central bank meetings. Full Story |
By: Adrian Ash, Bullion Vault - 3 September, 2007
Gold demand in India, the world's hungriest gold market, is set to rise strongly this month – perhaps up to 50% above last year's levels, according to the World Gold Council. But overnight, "overall trading has been very quiet and is likely to stay this way for the rest of the day as the US is closed," noted Chu. Full Story |
By: Chintan Karnani, Insignia Consultants - 3 September, 2007
Since Comex futures are closed. We are giving the Multi Commodity Exchange Report (MCX) report today. Full Story |
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