By: Chris Mullen, Gold-Seeker.com - 25 October, 2013
Gold fell $8.86 to $1336.54 by a little after 7AM EST, but it then climbed to as high as $1355.66 in New York and ended with a gain of 0.45%. Silver slipped to as low as $22.235 before it also rallied back higher, but it still ended with a loss of 0.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 October, 2013
Gold closed stronger at $1,345.40 up $12.10 in New York yesterday. Asia held it there and so did London until the Fix, where it was set at $1,341.75 up $5.50 over yesterday’s Fix. In the euro it Fixed at €971.790 up €3.00 over yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,342.40 and in the euro at €972.82, while the dollar held close to its lows at $1.3800: €1. Full Story
The PRICE of wholesale gold slipped but held near 1-month highs Friday morning in London, heading for the strongest week-on-week gain since mid-August at $1343 per ounce. Rising 1.7% from last Friday's finish, gold prices lagged silver – up 2.3% for the week – as European stock markets held flat and Asian stock markets fell hard. Full Story
Gold dipped below its three-week high in London on profit taking after a 2% gain this week, which put gold on course for a second week of higher prices. Gold closed above the 50-day moving average and this in conjunction with two weekly higher closes is bullish technically. Gold’s gains yesterday came due to increasing concerns that the Federal Reserve will maintain the pace of unprecedented monetary stimulus and debasement. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 October, 2013
Gold climbed $18.41 to $1351.71 by early afternoon in New York before it fell back off into the close, but it still ended with a gain of 0.91%. Silver surged to as high as $22.849 and ended with a gain of 0.49%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 October, 2013
Gold closed stronger at $1,333.30 down nearly $7 in New York yesterday. Asia lifted it slightly by $2 and London held it there until the Fix, where it was set at $1,336.25 up $3.25 over yesterday’s Fix. In the euro it Fixed at €968.789 up €0.11 over yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,340.00 and in the euro at €970.80, while the dollar fell further to $1.3807: €1. Full Story
The PRICE of gold gained $10 per ounce in London trade Thursday morning, gaining 2.2% for the week so far to trade at $1346 as several analysts said they were "turning bullish". World stock markets ticked higher, while the Euro slipped from 2-year highs vs. the Dollar after weaker-than-expected PMI economic data, led by a sharp in services sector growth. Full Story
Gold inched up in London as the dollar fell to a two year low against the euro. The yellow metal is on track for a four week high, as investors buy precious metals on increased safe haven demand. Gold Krugerrands (1 oz) are trading at $1,403.75 or premiums between 4.75% and 5.5% and Gold Kilo Bars (1 kilo) are trading at $44,354.53 or premiums between 3% and 3.5%. Premiums are holding steady. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 October, 2013
Gold fell $10.80 to $1329.40 by a little after 8AM EST before it bounced back higher in the next four hours of trade, but it then fell back off again in afternoon trade and ended with a loss of 0.51%. Silver slipped to $22.474 before it rallied back to $22.721, but it then also fell back off ended with a loss of 0.53%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 October, 2013
Gold closed stronger at $1,340.20 in New York yesterday. Asia let it slip slightly by $5 and London took it $2 lower to Fix at $1,333.00 up $21.25 on yesterday’s Fix. In the euro it Fixed at €968.68 up €9.16 on yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,332.1 and in the euro at €968.69, while the dollar fell further to $1.3754: €1. Full Story
The PRICE of GOLD slipped 1.1% from yesterday's sudden 3-week high in London on Wednesday, holding above $1330 per ounce as the US Dollar rallied from new two-year lows on the currency market. Falling to $1.3790 per Euro, the Dollar had dropped almost 1% after September's US jobs data showed much weaker hiring than analysts forecast. Full Story
Gold was trading near its highest in four weeks on Wednesday. As expected, the poor U.S. jobs data led to safe haven buying. Contrary to the constant silly 'taper' talk, it appears more and more likely by the day that the Federal Reserve will continue money printing and may even increase their $85 billion a month QE in the coming months. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 October, 2013
Gold fell $5.10 to $1310.10 in late Asian trade, but it then climbed to as high as $1344.40 in New York and ended with a gain of 1.9%. Silver surged to as high as $22.805 and ended with a gain of 2.21%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 October, 2013
Gold barely moved in New York yesterday. Asia also let it sit there and London took it $3 lower up to the Fix. At the Fix, gold was set at $1,3111.75 down $4.25 on yesterday’s Fix. In the euro it Fixed at €959.513 down €2.75 on yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,312.40 and in the euro at €959.74, while the dollar stayed at recent lows. Full Story
WHOLESALE gold held in a tight $5 range Tuesday morning in London, drifting around $1315 per ounce ahead of delayed data on US unemployment. The monthly Non-Farm Payrolls report had been due more than two weeks ago. It was set for release Tuesday after Congress's 3-month deal on the $16.7 trillion debt ceiling ended the shutdown of government services. Full Story
Gold hovered in a tight range today between $1,310/oz and $1,330/oz. Traders await the release of U.S. jobs data to gauge the health of the struggling U.S. economy. A poor U.S. nonfarm payrolls number should lead to safe haven buying that could lead to a breach of resistance at $1,330/oz and gold soon testing $1,380/oz. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 October, 2013
Gold climbed $9.87 to $1323.97 in Asia before it fell back to $1313.30 at about 3PM EST, but it then bounced back higher in the last hour of trade and ended with a gain of 0.08%. Silver rose to as high as $22.306 and ended with a gain of 1.42%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 October, 2013
New York closed at $1,314.10 down $5.60 on Friday. Asia took it higher to $1,320 and London opened a dollar lower than that. At the Fix, gold was set at $1,316 a dollar down on Friday’s Fix. In the euro it Fixed at €962.270 almost the same as Friday’s Fixing. Ahead of New York’s opening gold stood at $1,316 and in the euro at €964.42, while the dollar broke down to new recent lows. Full Story
The PRICE of gold was unmoved Monday morning in London, trading barely 25c higher at $1317.50 per ounce as European stock markets also halted their rise, holding global equities near 5-year highs. Gold traded in Shanghai today pulled back to $7 per ounce above London benchmarks, with Australian bank ANZ saying trading looked "subdued" as a result. Full Story
The can kicking exercise that was the U.S. budget deal last week extends the U.S. government's borrowing authority through to February 7th and restores federal funding until January 15, threatening a another debt crisis in the coming weeks. Platinum climbed to the highest price in almost a month, and palladium hit a seven week high, following the news that a union official was shot and killed near the Marikana mine in South Africa. Platinum for January delivery rose 0.2% to $1,437.80/oz,, while palladium for December delivery gained 0.4% to $740.65/oz. Full Story
This week is very crucial for gold and silver. They need to trade over $1290 and $2135 to set the stage for another big rally. Gold and silver demand in India will rise now and in the next week too. People are just making last minute purchases this Diwali as far as my city New Delhi is concerned. Jewelers in New Delhi and NCR (national capital region) have little doubt that gold and silver demand will vanish once the Diwali celebrations are over after the first week of November. Full Story
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