UK markets are closed. Trading volumes will be negligible. It will be a technical trade. Technically gold is in a neutral zone while silver and copper look weak. Crude oil is in a neutral zone. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 December, 2008
Gold and silver traded mostly slightly higher in Asia and London before they dipped at the New York open to see slight losses at as low as $834.25 and $10.198, but they then rallied back higher for the rest of the day and ended near their highs of $848.75 and $10.45 with gains of 1.13% and 1.52%. Full Story
SPOT GOLD slipped into London's long Christmas break on Wednesday but held inside a tight range, dropping $5 an ounce at the AM Gold Fix of $836.75 as world stock markets also fell in thin holiday trade. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 December, 2008
Gold held near unchanged in Asia and London before it dropped in morning New York trade to as low as $828.70 by a little after noon EST, but it then rallied nearly $10 from that low in the last hour of trade and ended with a loss of just 1.03%. Silver fell to as low as $10.113 by a little before noon EST before it also bounced back higher in afternoon trade, but it still ended with a loss of 5.81%. Full Story
In March, gold fell from a record nominal high of just over $1,000/oz but it is important to remember that gold is only down some 15% from that record nominal high and this is after surging nearly 60% in the previous 7 months. In the seven months from the start of the credit crunch and the collapse of Bear Stearns, gold had surged by nearly 60% - from $640 in August 2007 to over $1,000 in March 2008. Full Story
THE SPOT PRICE of gold held in a tight $5 range early in London on Tuesday, recording an AM Fix of $844 an ounce as European stock markets bounced from yesterday's sharp losses and crude oil ticked back below $39 per barrel. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 December, 2008
Gold rose $12.15 to $848.10 in early Asian trade, dropped back to $839.15 in London a little before 6AM EST, and then rose to a new session high of $851.22 in midmorning New York trade before it fell back off slightly into the close, but it still ended with a gain of 1.24%. Silver climbed to $11.06 in Asia before it fell back off in London and New York and dropped to as low as $10.71 by about noon EST, but it then rallied back higher in the last hour and a half of trade and ended gain of 0.18%. Full Story
Gold rose 2% last week (and silver 6%) for the third week of rising prices. Continuing safe haven demand for gold seems to be driving the market as gold has rallied again at the start of this week with the dollar only slightly lower and oil prices only slightly higher. Full Story
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