|
Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 25 January, 2008
Gold rose to a new intraday record high at $923.60 in London before it fell to find a brief loss at $905.75 by early afternoon in New York, but it then rallied back higher into the close and ended with a gain of 0.39% at a new record closing high. Silver rose to $16.59 and fell to $16.292 before it also rallied back higher into the close and ended with a gain of 0.98% at a new 27 year closing high. Full Story |
By: GoldSeek.com - 25 January, 2008
COT Gold, Silver and US Dollar Index Report - January 25, 2008 Full Story |
By: Gold Investments - 25 January, 2008
Gold rallied $22.20 to $907 per ounce in trading in New York yesterday and silver surged 45 cents to $16.25 per ounce. Both rose again in late Asian trading overnight, and in early European trading gold has surged to new record highs at $923.60. Gold has now surged to new record highs in all major currencies. Full Story |
By: Adrian Ash, BullionVault - 25 January, 2008
SPOT GOLD PRICES rose 1.3% overnight Friday, reaching new all-time highs above $923 per ounce as all gold-mining operations in South Africa – the world's No.2 gold producer – were shut down by a power shortage. Full Story |
By: Chintan Karnani, Insignia Consultants - 25 January, 2008
The $7 billion losses of French bank Societe Generale by a rouge trader suggest that there could be more hidden losses incurred by banks and asset managers across the world due to the US sub prime market collapse which are yet to surface. Full Story |
By: Chris Mullen, Gold-Seeker.com - 24 January, 2008
Gold held yesterday’s after hours access gains and traded near $890 in Asia before it began to add to its gains in London and rose to as high as $910.30 by about 9:30AM EST in New York. It then fell back off slightly into the close, but it still ended with a 2.51% gain at a new record closing high and came within $3 of its intraday high of $914.30 set on January 14th. In today’s after hours access session gold has climbed to as high as $913.20 at the time of writing. Full Story |
By: Adrian Ash, BullionVault - 24 January, 2008
THE SPOT GOLD MARKET gained 0.8% to break above $900 per ounce early in London on Thursday, while European stock markets posted their biggest one-day gains since the Tech Stock Crash bottomed in March 2003. Full Story |
By: Gold Investments - 24 January, 2008
It is déjà vu all over again with a lower dollar, higher oil and safe haven demand leading to higher gold prices. The dollar has again weakened ( against the pound and the euro - 1.963 and 1.4680) and oil has strengthened (up 1.6% to $88.35 ) and both have contributed to the surging gold price. Full Story |
By: Chintan Karnani, Insignia Consultants - 24 January, 2008
There is some section of the market which expects that the Fed will cut interest rates by another 0.75% next week which has driven stock indices higher and caused the US dollar to weaken. Full Story |
By: Chris Mullen, Gold-Seeker.com - 23 January, 2008
Gold remained near unchanged in Asia and London before it dipped to $876.85 in early New York trade and then spiked higher after 9AM EST to as high as $895.65 by about 10:15, but it then fell back off into the close and ended with a loss of 0.56%. Silver fell to $15.689 before it spiked to find nearly a 1% gain at $16.167, but it also fell back off into the close and ended with a loss of 1.37%. At the time of writing both metals have roughly erased the day’s losses in after hours access trade. Full Story |
By: Adrian Ash - 23 January, 2008
SPOT GOLD PRICES held steady on Wednesday morning in London, recording an AM Fix just off the overnight low of $887.80 per ounce while European stock markets continued to fall despite yesterday's emergency rate cut by the US Federal Reserve. Full Story |
By: Gold Investments - 23 January, 2008
The London AM Fix at 1030 GMT this morning was at $887.80 (up from $862 on yesterday). Gold surged in all major currencies and to near record highs in GBP and EUR and fixed at £453.50 (up from £442.59 yesterday) and €609 (up from €595.22 yesterday). Full Story |
By: Chintan Karnani, Insignia Consultants - 23 January, 2008
“In the Nick of Time”, that’s all I can comment on the Fed rate cut of 0.75% yesterday. Global stock markets and commodity markets were reeling under expectations of a US recession and the subsequent sell off. The Fed rate cut will provide the much needed relief to investor. Markets now expect the Fed to cut interest rates by a further 0.50% next week. Full Story |
By: Chris Mullen, Gold-Seeker.com - 22 January, 2008
Gold dropped all the way to as low as $849.22 in Asia, but it then steadily rallied back higher for the rest of trade in London and New York and ended about $5 off its $894.30 high of the session with a gain of 0.90% from last Friday’s close. Silver fell to as low as $15.19 before it rallied all the way to $16.18, but it then came back off slightly in the last two hours of trade and ended with a loss of 0.44%. Full Story |
By: Gold Investments - 22 January, 2008
Gold was down $19.90, or 2.3 percent, to $863.24 an ounce at the close in London (with NY closed for Martin Luther King Day) and silver was down 50 cents or some 3.5% to $15.59 per ounce. Both have sold off in trading in Asia and early European trading. Gold’s sell off is due to strength in the dollar which has rallied as high as 1.4360 against the euro (see FX below), the continuing fall in oil prices which are down another 1.5% today, margin calls due to the rout in equity markets and profit taking from all time record highs and what were overbought conditions. Full Story |
By: Adrian Ash - 22 January, 2008
THE GOLD MARKET bounced off a 2.1% slump at the London opening on Tuesday as global stock markets attempted to steady on wild rumors of emergency interest-rate cuts. Full Story |
By: Chintan Karnani, Insignia Consultants - 22 January, 2008
There is nothing new about the current fall in gold and the stock markets. The global slump in stock markets created margin pressures which in turn resulted in investors closing their gold long positions and then bears trying to take charge of the markets. Full Story |
By: Gold Investments - 21 January, 2008
Fears of a U.S. recession are increasing and Asian and European stock markets are under severe pressure this morning. The FTSE tumbled nearly 4% to stand at 5,673 by 1130 GMT, while elsewhere in Europe the Frankfurt DAX plunged 5% as did the Paris CAC. Earlier, Asian markets closed much weaker with Hong Kong's Hang Seng down 5.5%. Full Story |
By: Adrian Ash - 21 January, 2008
SPOT GOLD PRICES dropped 1.6% to hit a two-week low early in London on Monday as global equity markets collapsed on what one Hong Kong stock broker called "another horrible day." Full Story |
 |
 |
© GoldSeek.com, Gold Seek LLC
 
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
|
The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com,
is strictly prohibited. In no event shall GoldSeek.com or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
OilSeek.com
|
|
