Gold rose as much as $13.59 to as high as $1258.29 by early afternoon in New York before it fell back off a bit in the last hour of trade, but it still ended with a gain of 0.85% and ended just $1.35 from last Friday’s all-time closing high. Silver climbed to as high as $19.13 before it also dropped back a bit, but it still ended with a gain of 2.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 June, 2010
"The market did move down during New York’s day, but not by that much. Then overnight it turned round to take us back towards $1,250. The morning Fix at $1,242.50 was followed by a steady rise right through to New York’s opening. Again four of the five bullion banks were buyers at this morning’s gold Fixing. Silver is looking a lot healthier at $18.80.” Full Story
THE PRICE OF WHOLESALE GOLD held onto Thursday's gains early in London on Friday, trading 0.8% below last week's record weekly finish as world stock markets slipped for the fourth day running. Full Story
Gold saw slight gains in Asia before it fell in London and saw a $5.88 loss at $1227.92 by a little after 8AM EST, but it then rallied higher throughout most of trade in New York and ended near its late morning high of $1248.26 with a gain of 0.88%. Silver followed a similar patter and ended near its late session high of $18.798 with a gain of 1.25%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 June, 2010
The consolidation continues as gold sits in the lower area of its trading range after moving down to $1,239 before moving up to $1,244 ahead of New York’s open and after a gold Fix of $1,243 where there were four buying banks and only one selling bank. New York opened with downward pressure on the gold price. Silver is struggling to hold gold at $18.30. Full Story
THE PRICE OF GOLD fell again but held above yesterday's 1-week low on Thursday in London, trading 2.2% below last week's finish as world stock markets fell for the third day running. Full Story
Gold rose in London to see a $6.23 gain at $1246.18 at around 7AM EST before it fell to see a $15.27 loss at $1224.68 by about 10AM EST in New York, but it then rallied back higher in the last few hours of trade and ended with a loss of just 0.5%. Silver climbed to $18.96 and fell to $18.315 before it also rallied back higher, but it still ended with a loss of 2.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 June, 2010
The consolidation continues as gold sits in the lower area of its trading range after moving down to $1,239 before moving up to $1,244 ahead of New York’s open and after a gold Fix of $1,243 where there were four buying banks and only one selling bank. New York opened with downward pressure on the gold price. Full Story
THE PRICE OF GOLD in wholesale dealing reversed an earlier 0.6% gain as New York opened for business on Wednesday, slipping back to its overnight range around $1239 an ounce. Full Story
Gold's slight gains and resilience yesterday has surprised the bears who were expecting further falls. The downside reversal pattern seen on Monday may not have incurred as much technical damage as thought - especially if gold can manage to eke out a higher weekly close this week - above $1255/oz. Full Story
Gold fell to as low as $1231.60 in London, but it then climbed back higher for most of trade in New York and ended near its late morning high of $1242.60 with a gain of 0.08%. Silver followed a similar pattern and ended well off its session low of $18.575 with a gain of 0.37%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 June, 2010
Thin trading always leads to a strong move and this one was healthy, taking gold down to $1,232 before recovering in Asia to $1,237 before London opened. At the moment it stands at $1,234. One of the causes was the recovery of the $, or should that be a weakening €? Full Story
THE PRICE OF GOLD held tight vs. a rising US Dollar on London's wholesale market early Tuesday, trading back down from $1240 to last night's two-session low of $1232 an ounce. Full Story
Gold rose to a new all-time intraday high of $1265.07/oz in early European trading and then gave up its earlier gains in London yesterday. Gold came under concerted selling pressure in New York and fell in the final hours of trade ending near its late session low of $1237.83/oz with a loss of 1.40%. It has range traded in Asian and early European trading today. Full Story
Gold rose to a new all-time intraday high of $1265.07 in Asia before it fell back to around unchanged in London, but it then dropped even further in the last couple of hours of trade in New York and ended near its late session low of $1237.83 with a loss of 1.41%. Silver climbed to as high as $19.443 by about 8AM EST, but it then fell back off for most of the rest of trade and ended near its late session low of $18.665 with a loss of 1.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 21 June, 2010
On this longest day of the year [Northern Hemisphere], with no froth, but in thin trading, gold [Gold was Fixed at $1,259.50] hit at a new record high at $1,262 on Friday as hedge funds stopped holding back as they saw Technical barriers fall. Full Story
THE PRICE OF WHOLESALE gold bullion rose to a second all-time high vs. the Dollar in two days overnight Monday, touching $1265 an ounce as world stock markets rose sharply on China's weekend promise to "enhance [the] exchange rate flexibility" of its Yuan. Full Story
Gold rose to a new record (nominal) high in early European trading this morning at $1,265/oz. Gold finished last Friday up 2.3% and at a new weekly record high and is looking strong technically with rising moving averages and three consecutive higher weekly closes, and the higher monthly close in May. Full Story
China’s central bank signaled an end to the currency’s two-year peg to the dollar. A stronger yuan is in the offing but how long will the yuan rise is still an uncertainty. There is no information of how much will the Chinese central bank allow the yuan to appreciate. Full Story
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