By: Chris Mullen, Gold-Seeker.com - 24 December, 2015
Gold climbed to as high as $1076.85 by early afternoon in New York before it edged back lower, but it still ended with a gain of 0.66%. Silver rose to as high as $14.396 and ended with a gain of 0.35%. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 December, 2015
Gold edged up to $1075.57 in Asia before it backed down to $1068.44 at about 10AM EST, but it then bounced back higher in late trade and ended with a loss of just 0.27%. Silver popped up to $14.35 in late morning New York trade before it chopped back lower, but it still ended with a gain of 0.35%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 December, 2015
The New York gold price closed Monday at $1,072.50 down from $1,078.20 down $5.70 on the day. In Asia, prices lifted to $1,074.00 but London taking it down to $1,072 with the dollar index falling slightly to 98.26 down from 98.70. The euro rose to $1.0938 up from $1.0869 on Tuesday against the dollar. The London a.m. LBMA gold price was set at $1,071.50 down from $1,077.00 Tuesday. The euro fixing was €980.78 down from Tuesday’s €984.64. Ahead of New York’s opening, the gold price was trading at $1,073.35 and in the euro at €982.61. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 December, 2015
Gold edged up to $1080.72 by a little after 8AM EST, but it then drifted back lower for most of trade in New York and ended with a loss of 0.53%. Silver jumped up to $14.387 before it also fell back off, but it ended unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 December, 2015
The New York gold price closed Monday at $1,078.20 from $1,065.90 up $12.30 on the day. In Asia, prices held there with London holding slightly below that level with the dollar index falling slightly to 98.26 down from 98.70. The euro rose to $1.0938 up from $1.0869 on Monday against the dollar. The London a.m. LBMA gold price was set at $1,077.00 up from Monday’s $1,071.15 up $5.85. The euro fixing was €984.64 down from Monday’s €985.96. Ahead of New York’s opening, the gold price was trading at $1,078.00 and in the euro at €985.42. Full Story
- Russia adds another 700,000 ounces (22 tonnes) to gold reserves in November - Russian ally Kazakhstan increased gold reserves for 38th month – 7 Mil ounces - Russia has added 197.1 tonnes in 2015 – Compared with 172 tonnes in all 2014 - November gold buying is Russia’s ninth straight month of increase - Russia now has sixth largest gold reserves in the world - Central bank buys all Russian gold production - Other Russian gold demand imported - Russia views gold bullion as “100% guarantee from legal and political risks” Full Story
By: Chris Mullen, Gold-Seeker.com - 21 December, 2015
Gold saw decent gains in Asia before it fell back towards unchanged in London, but it then rose to as high as $1081.57 in New York and ended with a gain of 1.15%. Silver rose to as high as $14.326 and ended with a gain of 1.13%. Full Story
By: Julian D. W. Phillips, Gold Forecaster - 21 December, 2015
On Friday a buyer bought 18.749 tonnes worth of shares into the SPDR gold ETF. This cost around $633 million. We haven’t seen such a sizeable purchase for over 4 years! This was responsible for the rise in the gold price on Friday and we expect more follow through in New York as this is factored in. If there is more buying into this fund or from other quarters of the market it will tell us that major investors views, in the U.S. are changing to the positive. The holdings of the SPDR gold ETF are now at 648.915 tonnes and at 155.87 tonnes in the Gold Trust. COMEX remains massively short. Full Story
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