By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 March, 2011
The gold price rose overnight to $1,432 and €1,012. Initially London tried to pull it down a dollar and a euro, but just ahead of the Fix gold started to climb again. The gold world is still fixated on the Fix. Full Story
THE PRICE OF GOLD ticked higher in London trade on Friday, recovering half of yesterday's 1.5% drop from new record highs above $1447 per ounce. Full Story
Gold and silver remain supported by continuing macroeconomic and geopolitical uncertainty. Inflation, the European sovereign debt crisis, conflict in Libya and the wider Middle East and the nuclear disaster in Japan are all factors which will likely result in gold reaching new record nominal highs in all currencies sooner rather than later. Full Story
The first quarter of the new decade has been great run for commodities. Option market covering seems to be over. It will be a technical trade. Yesterdays fall in gold and silver before the close is not a bear trend. If and only if the fall in gold and silver continues till Monday that will be in a short term bear phase, else dips are nothing but an investment opportunity. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 March, 2011
Gold climbed almost $10 to a new all-time high of $1447.34 by late morning in New York, but it then fell back off sharply in the last hour of trade and ended with a loss of 0.22%. Silver climbed over a dollar to a new 31-year high of $38.15 before it also fell back off, but it still ended with a gain of 0.81%. Full Story
THE PRICE OF GOLD hit the second new all-time high in succession at Thursday morning's London Gold Fix, set at $1441.25 per ounce as the Dollar held flat on the forex market and US crude oil prices rose. Full Story
Gold is flat while silver has risen in all currencies again today. Sterling has fallen sharply again today and the euro, yen and sterling have fallen sharply versus gold and silver in recent days. Silver's surge to new 31 year highs at $37.87 is due to continuing strong industrial and investment demand and tight supply. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 March, 2011
Gold climbed $13.74 to as high as $1440.94 by late morning in New York before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 0.74% and made a new record closing high. Silver climbed to a new 31-year high of $37.243 at about 1:15PM EST and ended with a gain of 2.29%. Full Story
Gold and silver have rallied again today in all currencies but particularly the British pound, Swiss franc and the euro. The euro has fallen on concerns that the eurozone debt crisis may be entering a new phase (see chart below). Silver surged to $37.25/oz its highest nominal price since February 1980 and gold is just shy of its nominal record high of $1444.95/oz. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 March, 2011
The gold price rose overnight and was Fixed at $1,433.00 and in the euro at €1,008.59. The euro fell slightly from yesterday and now stands at $1,4203. The rise in gold is best seen in the euro price rather than the dollar. Full Story
THE PRICE OF PHYSICAL gold bullion rose sharply against all major currencies on Wednesday morning in London, touching near-two-week highs against the Dollar even as the US currency rose amid fresh European debt and budget concerns. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 March, 2011
Gold climbed $5.84 to $1432.04 in Asia before it fell to see a $6.80 loss at $1419.40 by about 9AM EST, but it then rallied back higher into the close and ended with a gain of 0.07%. Silver dropped as much as 25 cents to $35.73 by about 9AM EST, but it then rose to a new session high of $36.46 by late morning in New York and ended with a gain of 0.92% at a new 31-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 March, 2011
The gold price continued to be ‘Fix oriented’ and at first continued to hold between yesterday’s two Fixes, the morning Fix at $1,427.75 and the afternoon Fix at $1,432.00 at $1,429.75. In the euro, the gold price has fallen slightly [€2.5] over yesterday afternoon. This is not a sufficient move that should prompt a comment. The dollar however, continues to weaken at $1.4243. Please note that it is weakening in all the major currencies bar the Japanese yen. Full Story
THE PRICE OF GOLD slipped together with crude oil, government bonds and European stock markets on Tuesday morning, retreating 0.7% from yesterday's near 2-week high against the falling US Dollar. Power cables were reconnected at all 6 of the stricken nuclear reactors in Sendai, Japan, where some half-a-million people remain homeless. Full Story
The U.S. dollar and yen are under pressure again today while gold and silver have taken breathers after yesterday’s gains (see table). Rather than gold and silver rising in price, we are seeing the continual devaluation of the U.S. dollar, the yen and all fiat currencies and thus their prices falling against the precious metals. Full Story
By: Chris Mullen, Gold-Seeker.com - 21 March, 2011
Gold climbed to as high as $1434.84 in early New York trade before it fell back off a bit into the close, but it still ended with a gain of 0.7%. Silver surged to as high as $36.17 before it also fell back off, but it still ended with a gain of 2.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 March, 2011
It was a strong start to the week today with gold moving up in London to Fix at $1,427.75. In the euro, gold Fixed at €1,007.94 today. The dollar is showing no strength, simply holding its ground for a while before falling lower. Full Story
THE PRICE OF GOLD jumped against a falling Dollar at the start of Asian trade on Monday, hitting near-two-week highs for US investors as crude oil also leapt following the weekend's joint UN air strikes on Libya. Full Story
Gold and silver rose on the open in Asia and have continued those gains so far in European trading with the Libyan military conflict leading to a safe haven bid and falls in the dollar and yen. The all time and multiyear nominal dollar highs set on March 7th ($1,444.95/oz and $36.75/oz) look set to be challenged as gold is less than 1% from its record high and silver less than 2% from its nominal recent high. Full Story
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