Gold dropped $11.30 to $1689.00 in Asia, but it then jumped to as high as $1740.98 in New York and ended with a gain of 2.13%. Silver soared to as high as $33.707 and ended with a gain of 3.09%. Full Story
New York closed at $1,700.30. Asia pulled it back to $1,692 but London then pulled it up again to $1,695 early in London’s morning ahead of the Fixing. The euro rose in London’s morning to €1: $1.2674 up 0.6 of a cent. The gold price was Fixed at $1,696.00 and in the euro at €1,337.750. Ahead of New York’s opening gold stood at $1,695.46 and in the stronger euro at €1,335.85. Full Story
SPOT MARKET prices for buying gold rose to $1698 an ounce Friday morning, in line with where they started the week, while stock markets also rose, following yesterday's announcement of the European Central Bank's bond market intervention plan. Full Story
Gold climbed $6.70 or 0.4% in New York yesterday and closed at $1,700.30. Gold in euro’s also rose to near record highs prior to falls soon after the ECB interest rate and bond buying announcement. Silver outperformed once again and surged to $32.987 and then dropped to $32.346 in early New York trade but then it recovered and finished up 1.24%. Full Story
Gold climbed to as high as $1713.08 by about 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.4%. Silver climbed to $32.987 in Asia before it fell back to $32.346 in early New York trade, but it then bounced back higher midday and ended with a gain of 1.24%. Full Story
New York closed at $1,693.6. London and Asia lifted it over the $1,700 barrier to $1,703, before London took it higher ahead of the Fixing to $1.709.30. The euro rose in London’s morning to €1: $1.2614. The gold price was Fixed at $1,708.50 and in the euro at €1,355.092. Ahead of New York’s opening gold stood at $1,709.16 and in the euro at €1,354.54. Full Story
The WHOLESALE gold price reached new 6-month highs in Asian and London trade Thursday morning at $1713 per ounce, rising alongside most other financial assets as traders awaited the European Central Bank's latest policy decision – widely expected to unveil a quantitative easing-style program of buying weaker government bonds. Full Story
Gold rose in all major currencies today and topped $1,700/oz in London for the first time since March on speculation ECB will announce further monetary easing. While gold rose 1%, silver surged another 2%. Bullion rose ahead of the ECB policy meeting and “Super” Mario Draghi’s speech where investors expect to hear announcements on further short term bond buying and possibly an interest rate cut. Full Story
Copper, which had been lagging behind, has finally caught up with its peers and looks headed for $384. But copper is still fundamentally bearish and will be volatile. Jewelry demand for gold and silver in India is zero however. Indian investors are stashing up gold and silver. Full Story
Gold fell to $1687.40 in Asia before it climbed back to almost unchanged at $1694.81 by a little after 9AM EST, but it then chopped back lower into the close and ended with a loss of 0.1%. Silver slumped to $31.93 in Asia before it rallied back to as high as $32.35 in New York, but it then drifted back lower midday and ended with a loss of 0.28%. Full Story
London gold closed at $1,695.30 after Fixing in London at the p.m. Fix at $1,697. The euro slipped back in London’s morning to €1: $1.2512 down 0.88 of a cent. London then pulled the gold price back with the euro to $1,689 before the morning Fix. The morning Fix in London was set at $1,689.50 down two dollars and in the euro at €1,349.225 almost the same as yesterday’s p.m. Fix. Ahead of New York’s opening gold stood at $1,691.40 and in the euro at €1,348.37. Full Story
SPOT MARKET gold prices fell briefly below $1690 an ounce Wednesday morning in London trading, remaining close to six-month highs, while stocks and commodities were also broadly flat, ahead of tomorrow's policy announcement from the European Central Bank. Full Story
Gold edged down overnight, but is not far from the 6 month high hit last session as weak economic data from the US bolstered hopes of further stimulus measures by central banks. US manufacturing contracted at its fastest pace in more than three years in August and US construction spending dropped in July by the greatest amount in a year, the disappointing ISM index and construction spending data were released yesterday. Full Story
Mario Draghi provided European bond markets with another dose of verbal intervention by reportedly indicating the ECB could buy bonds with maturities of up to three years without violating its charter, fueling a massive rally by short-dated Spanish and Italian government debt. I prefer to remain short on euro/usd in the short term. Full Story
Gold fell a few dollars from last Friday’s close to $1688.31 by a little after 9:30AM EST before it jumped back to $1698.76 in the next half hour of trade and then drifted back lower midday, but it then rallied back higher in late trade and ended with a gain of 0.21%. Silver climbed to $32.27 in Asia before it slipped to $31.90 in London, but it then climbed to as high as $32.40 in New York and ended with a gain of 1.84%. Full Story
London gold closed at $1,695 and opened at the same price, with New York enjoying Labor Day. The euro recovered to over €1: $1.26. With the return of New York today the market will be steaming along at full pace. The morning Fix in London was set at $1,691.50 and in the euro at €1,342.247 while the euro stood at $1.2602. Ahead of New York’s opening gold stood at $1,692.77 and in the euro at €1,344.05. Full Story
WHOLESALE prices to buy gold bullion hovered above $1690 an ounce Tuesday morning in London, in line with where they started the week, while stocks and commodities were broadly flat and US Treasuries fell, as markets looked ahead to this week's European Central Bank policy meeting. Full Story
Gold inched up to its highest level in 5 months after poor manufacturing data from across the globe increased speculation that central banks will again vainly employ quantitative easing measures in order to prevent recessions and or depressions. Full Story
New York gold closed at $1,691.80 almost 2% than New York opened on Friday. In London gold opened lower at $1,687 and Fixed at $1,686.00 while the euro stood at 1: $1.2566. With no New York opening today [Labor Day] London dominated the price which stood at $1,688.00 and in the euro at €1,342.67. Full Story
SPOT MARKET gold prices hovered close to $1690 an ounce during Monday morning's London trading, close to five month highs hit after Friday's speech by US Federal Reserve chairman Ben Bernanke, in which he noted the US economic situation is "far from satisfactory". Full Story
Gold surged $36.50 or 2.21% in New York on Friday and closed at $1,691.80. In volatile trade, gold hit $1,663.47 then fell back to $1,649.19 immediately after Bernanke’s Jackson Hole speech was released, but soon afterwards it climbed back higher to hit $1,692.70 late in the session and finished with a gain of 2.21%. Silver surged to $31.745 and finished with a gain of 4.56%. Full Story
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