By: Chris Mullen, Gold-Seeker.com - 25 January, 2013
Gold climbed $4.47 to $1672.17 in Asia before it fell back to $1656.14 at about 10AM EST, but it then bounced back higher in the last 6 hours of trade and ended with a loss of just 0.53%. Silver saw a gain of $0.11 at $31.77 in Asia, but it then slipped to as low as $31.11 in New York and ended with a loss of 1.45%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 January, 2013
In New York the gold price pulled back $18 to $1,667.70. In Asia the gold price started to consolidate and held there. Then in London’s morning it tried to climb over $1,670 again where it Fixed at $1,670.25 and in the euro at €1,243.693 down €15. The euro strengthened to €1: $1.3460 up 1.3 cents in the euro. Ahead of New York’s opening, gold was $1,669.10 and in the euro at €1,240.32. Full Story
The GOLD PRICE slipped back to last night's near-two week lows at $1665 per ounce Friday lunchtime in London, heading for a 1.1% drop on the week as world stock markets and other "risk assets" rose. Silver also ticked lower to trade 2.7% beneath Wednesday's 5-week highs. Germany's Ifo index of business sentiment meantime hit its best level since June. Full Story
Overnight gold bounced back from an almost 2 week low and was again especially strong in yen terms - strengthened by the Bank of Japan’s stance on aggressive monetary easing. Russia’s Central Bank said it will continue to buy gold bullion as it seeks to diversify its foreign reserves away from paper assets, such as the euro, it views as more risky. At Davos, George Soros, one of the largest buyers of gold in the world today, warned of currency wars and that “interest rates are going to take a big leap” - probably this year. Full Story
US flash manufacturing PMI is at a twenty two month high. Chinese manufacturing conditions have shown growth over the previous months. These are signs that manufacturing in these key nations are improving. But there can be cyclical involved in the form of higher Christmas and New year related spending in the USA which could slowdown over the coming months and higher increase in inventories by Chinese factories to meet upcoming Chinese New year demand next month. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 January, 2013
Gold fell to as low as $1665.12 at about 10AM EST before it bounced back higher in the next hour of trade, but it then drifted back lower again into the close and ended with a loss of 1.06%. Silver slipped to as low as $31.60 and ended with a loss of 1.83%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 January, 2013
In New York the gold price pulled back to $1,685.60. In Asia the gold price eased further right through London’s morning to Fix at stood at $1,677.00 down $15. The euro was stronger at €1: $1.3330 in London. Gold then Fixed at €1,258.065 down €10. Ahead of New York’s opening, gold was $1,678.45 and in the euro at €1,267.32. The gold price is almost static in the euro. Full Story
PRECIOUS METALS prices fell in Asian and London trade Thursday morning, taking gold and silver to 1-week lows as commodity prices also dropped and stock markets stalled. Shares in Apple Inc. were set to open New York trade 8% lower after the gadget giant reported weak Christmas sales. Full Story
Gold edged down in most currencies on Thursday, easing off the one month high hit earlier in the week. More speculative players may be taking profits after the recent run from $1,625/oz to over $1,695/oz or 4.3%. It is noteworthy that while gold is weaker in most currencies today it is again higher in Japanese yen as the yen has fallen sharply on the international markets due to concerns that the yen will be devalued in the coming months. Full Story
Gold and silver fell after the passing of the US debt limit extension for four months and repeated failed attempts to break past $1700 and $3260 respectively. For now the fall in gold and silver is just a technical correction which if it continues till Monday will result in another bear phase. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 January, 2013
Gold climbed up to $1695.00 at about 8:40AM EST before it fell back to $1683.91 in the next couple of hours of trade, but it then bounced back higher midday and ended with a loss of just 0.29%. Silver fell to $32.081 in Asia before it rallied to as high as $32.459 in early afternoon New York trade, but it then fell back off in the last few hours of trade and ended with a gain of just 0.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 January, 2013
In Asia the gold price stood at the same level as yesterday at $1,692.00 but $2 up on New York’s close. The euro was weaker at €1: $1.3299 in London. Gold then Fixed at $1,692.25 and in the euro at €1,268.839 .The euro was slightly stronger at €1: $1.3337. Ahead of New York’s opening, gold was $1,692.30 and in the euro at €1,267.32. The gold price is almost static in the euro. Full Story
GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand. Silver climbed above $32.30 an ounce, a one-month high, as stocks and commodities were broadly flat and US Treasuries gained. Full Story
Gold hovered near a 1 month high on Wednesday supported by loose monetary policies of central banks. There are renewed hopes regarding U.S. debt ceiling talks and the U.S. House of Representatives plans to pass a bill on the almost 4 month extension of the borrowing limit. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 January, 2013
Gold climbed to $1694.40 in Asia before it fell back $1686.70 by a little after 9AM EST, but it then rose to a new session high of $1695.90 by early afternoon in New York and ended with a gain of 0.38%. Silver slipped to $31.794 in London, but it then rose to as high as $32.343 in New York and ended with a gain of 1.04%. Full Story
Apparently the gold trade was anticipating efforts by the Indian government to moderate gold imports, as increased duties and other discouragements have been implemented and yet international gold prices weren't markedly undermined in the overnight action. In fact, Gold seemed to take more guidance from the promise of additional stimulus efforts from the BOJ, than it did to the Indian duty developments. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 January, 2013
In Asia the gold price went slightly stronger at $1,692.00. The euro was almost unchanged at €1: $1.3339 in London. Gold then Fixed at $1,692.50 and in the euro at €1,268.178 .The euro was slightly stronger at €1: $1.3346. Ahead of New York’s opening, gold was $1,691.25 and in the euro at €1,267.32. The gold price is almost static in the euro. Full Story
U.S. DOLLAR gold prices hovered above $1690 an ounce Tuesday morning in London, close to one-month highs, while prices in Yen quoted on Tokyo's gold futures market set a new record, following an announcement of open-ended asset purchases and a new, higher inflation target by Japan's central bank. Full Story
Gold edged up and Tokyo gold hit a record multiyear high after the Bank of Japan announced a bold, some would say reckless, $117 billion ‘stimulus’ program as expected. The BOJ’ package included doubling its inflation target to 2% and making an open-ended commitment to asset purchases from next year. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 January, 2013
In Asia the gold price held at Friday’s New York close level of $1,689.00. The euro was slightly off at €1: $1.3323 at the start of business in London. Gold then Fixed at $1,688.00 and in the euro at €1,269.078 .The euro was slightly weaker at €1: $1.3301. Ahead of New York’s opening, gold was $1,689.25 and in the euro at €1,269.73. Full Story
WHOLESALE gold bullion prices fell back below $1690 an ounce Monday morning in London, having rallied above that level earlier in the day, while stocks also edged higher and the Euro traded sideways against the Dollar, with US markets closed today for Martin Luther King Jr. Day. Full Story
Gold inched up on Monday on concerns about currency debasement and even looser monetary policies to be announced from the Bank of Japan. BOJ is examining an open-ended pledge to buy assets until a 2% inflation target is near which is pushing the yen to a 2 ½ year low. Gold bullion on the TOCOM soared to match a multiyear record of 4,911 yen a gram before giving up gains. Full Story
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