By: Chris Mullen, Gold-Seeker.com - 26 March, 2010
Gold rose in Asia and London to see a gain of $7.35 at $1099.85 by about 8AM EST before it fell to see a $1.35 loss at $1091.15 by about 10AM EST in New York, but it then shot to a new session high of $1106.02 by late morning and closed with a gain of 1.09%. Silver climbed 24 cents to $16.92 in London before it fell to see a 3 cent loss at $16.65 in early New York trade, but it then rose to a new session high of $16.955 by late morning and ended with a gain of 1.08%. Full Story
THE PRICE OF GOLD rose in Asia and London on Friday morning, briefly touching $1100 per ounce before slipping back with the Euro after European political leaders agreed a rescue strategy for Greece in Brussels. Full Story
It’s all about the euro for the currency markets and the way the Greece issue has been more or less resolved. Technically oversold conditions exist for the euro as well as the cable against the US dollar which can result in short covering before the weekend. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 March, 2010
Gold saw a slight loss of $2.60 at $1086.50 in Asia and rose to see a gain of $6.55 at as high as $1095.65 in London before it fell back off in midmorning New York trade and saw a $1.50 loss at $1087.60 at around 10:30AM EST, but it then bounced back higher in the last few hours of trade and ended with a gain of 0.31%. Silver climbed to as high as $16.835 in London before it fell back off in New York trade, but it still ended with a gain of 0.48%. Full Story
THE PRICE OF WHOLESALE gold bullion gave back an early bounce from yesterday's 6-week low for Dollar investors on Thursday, slipping back to $1090 as Chinese shares closed the day lower, but European and US stocks rose. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 March, 2010
Gold fell to as low as $1088.20 by a little after 8:30AM EST before it bounced back higher into the close, but it still ended with a loss of 1.36%. Silver followed a similar pattern and ended not far from its low of $16.56 with a loss of 2.24%. Full Story
WHOLESALE GOLD and silver prices fell once again on Wednesday morning in London, dropping almost 2% for Dollar investors as world stock markets fell together with government bonds, commodities, and non-US currencies. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 March, 2010
Gold saw a gain of $6.23 in Asia before it fell back off in London and saw a loss of $5.20 at as low as $1094.50 by a little after 8AM EST, but it then rose to a new session high of $1107.89 by early afternoon in New York and ended with a gain of 0.40%. Silver fell over 1% to as low as $16.712 before it also climbed back higher in New York and ended near its noontime high of $17.125 with a gain of 0.41%. Full Story
THE PRICE OF GOLD in Dollars slipped back from an overnight rally Tuesday morning in London, edging again below $1100 an ounce as world stock markets ticked higher along with government bonds. Full Story
Technically gold and silver are not out of the woods yet and yesterday’s late rise was aided by a weaker US dollar and higher US stock markets. The Greek tragedy can result in short term higher investment demand for safe havens. A stronger US dollar may not affect commodities in a big way unless there is a technical breakdown or there is sharp reduction in global liquidity. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 March, 2010
Gold fell as much as $14.96 to $1092.44 by a little after 10AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.70%. Silver followed a similar pattern and ended $0.313 off its midmorning low of $16.597 with a loss of just 0.53%. Full Story
THE PRICE OF GOLD and silver both slipped hard early Monday, falling to new one-month and 3-week lows respectively as the US currency rose after Congress approved the White House's universal health-care bill, deemed as "what change looks like" by President Obama. Full Story
There is lack of major market moving economic news today. Japanese markets are closed today. The interest rate hike by the reserve bank of India has sparked fears that other emerging market nations could also follow India which could result in a reduction in global liquidity resulted in all the commodities falling on Friday. Full Story
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