By: Chris Mullen, Gold-Seeker.com - 26 April, 2013
Gold climbed $20.90 to $1485.20 in early Asian trade and fell back to $1459.20 at about 4AM EST before it rallied back to as high as $1482.92 in late morning New York trade and then dropped to a new session low of $1448.50 in early afternoon trade, but it then bounced back higher in the last couple of hours trade and ended with a loss of just 0.48%. Silver rose to as high as $24.824 in early Asian trade before it fell back to $23.874 in London and then climbed to as high as $24.52, but it then fell back to as low as $23.645 and ended with a loss of 1.65%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 April, 2013
Gold continued to move higher, closing at $1,464.3 up $34 in New York yesterday. In Asia it continued to rise back to $1,475.35 ahead of the Fix. The Fix was set at $1,462.25 and in the euro at €1,123.425 while the euro was at €1: $1.3016. Ahead of New York’s opening it slipped slightly at $1,463.75 and in the euro at €1,126.09. Full Story
GOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week's price drop at $1485 during Asian trading. "The next resistance level is $1487," says a note from technical analysts at Scotia Mocatta published late Thursday. Full Story
Gold has surged 4.9% in dollar terms so far this week and is headed for its biggest weekly gain in one-and-a-half years. Gold has recovered in all currencies and is up by 4.8% in euro terms and 3.7% in sterling terms. Therefore, gold has recovered nearly half of its recent sharp decline and is now just 7% below its price ($1,560/oz) prior to the futures induced sell off on April 12th and 15th. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 April, 2013
Gold rose nearly 1% in Asia, held above $1440 in London, and climbed to as high as $1468.95 in New York before it pared its gains a bit in the last hour and a half of trade, but it still ended with a gain of 2.37%. Silver surged to as high as $24.368 and ended with a gain of 4.83%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 April, 2013
Gold continued to move higher, closing at $1,430.40 down$15.5 in New York yesterday. In Asia and London it continued to rise back to $1,447.80 ahead of the Fix. The Fix was set at $1,446.50 up $22 and in the euro at €1,107.07 up nearly €12 while the euro was at €1: $1.3066. Ahead of New York’s opening it slipped slightly at $1,445.30 and in the euro at €1,105.31. Full Story
WHOLESALE GOLD rose to an 8-session high just shy of $1450 per ounce in London trade Thursday morning, recovering 45% of this month's near-record slump. Asian stock markets also ticked higher, but European shares were flat while commodities extended their rally. Full Story
Gold climbed to its highest in more than a week on Thursday, boosted by physical demand from store of wealth buyers globally and from central banks. Russia, Kazakhstan and Turkey raised their gold reserves in March, IMF data showed. Central bank gold buying is expected to increase as they see value in diversifying into gold after the recent sell off. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 April, 2013
Gold rose $15.30 to $1430.20 in Asia and dropped to $1419.30 in London before it shot up to $1432.96 in early New York trade and then fell back to $1421.43 at about 1PM EST, but it then rallied back higher in the last few hours of trade and ended with a gain of 1.095%. Silver climbed to $23.358 in Asia before it fell back to as low as $22.855 in early afternoon New York trade, but it then then rallied back higher in the last few hours of trade and ended with a gain of 1.002%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 April, 2013
Gold continued to move higher, closing at $1,414.90 down$10.5 in New York yesterday. In Asia and London it rose back to $1,425. The Fix was set at $1,424.5 up $7.25 and in the euro at €1,095.516 up nearly €4 while the euro was at €1: $1.3003. Ahead of New York’s opening it slipped slightly at $1,421.85 and in the euro at €1,092.30. Full Story
THE U.S. DOLLAR gold price drifted back down towards $1420 per ounce Wednesday morning in London, around 1.3% up on the week so far, amid ongoing reports of strong demand for physical gold bullion. "The bounce in price-sensitive physical demand, especially in the emerging world, is impressive and has lifted prices," says HSBC Securities analyst Howard Wen. Full Story
The Mint’s American Eagle Gold Bullion Coins are offered in four sizes: one ounce, one-half ounce, one-quarter ounce and one-tenth ounce. The Mint confirmed that their sales on all sizes of coins have increased two fold compared to the same period in 2012. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 April, 2013
Gold edged up to $1428.79 in Asia before it fell back to as low as $1404.92 at about 10AM EST, but it then bounced back higher in the last 6 hours of trade and ended with a loss of just 0.74%. Silver slipped to as low as $22.606 in Asia before it also rallied back higher, but it still ended with a loss of 1.8%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 April, 2013
Gold continued to move higher, closing at $1,425.40 in New York yesterday. In Asia it held at $1,423 London then traded it down to 1,411 ahead of the Fix. The Fix was set at $1,417.25 down $8 and in the euro at €1,091.704 down €0.75 while the euro was at €1: $1.2982. Ahead of New York’s opening it began to rise firmly again to $1,426.10 and in the euro at €1,097.38. Full Story
WHOLESALE gold bullion prices rallied back above $1420 an ounce Tuesday morning in London, having earlier dipped back towards where they started the week following yesterday's 2% jump amid what one Hong Kong dealer suggested was the biggest rush to buy gold in half a century. Silver meantime climbed back above $23 an ounce by lunchtime after it too fell in early trading, though unlike gold it was down slightly on the week so far. Full Story
Asia is seeing a new gold rush. Demand for gold bars, coins and jewellery has soared as bargain hunters try to capitalize on the dip in prices. In Hong Kong and Beijing customers lined up outside banks and jewellery shops to make purchases and in some instances there was not enough physical metal to meet the demand. The Shanghai Gold Exchange’s cash contract hit a new record high yesterday (43 metric tonnes, up from 30.4 on April 19th) while gold coin sales at the U.S. Mint have nearly tripled in April against last month’s figures. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 April, 2013
Gold climbed $37.90 to $1438.80 at about 7:25AM EST before it fell back to $1418.70 over the next few hours of trade, but it then bounced back higher in afternoon trade and ended with a gain of 1.75%. Silver climbed to as high as $23.685 before it fell back to $23.26, but it still ended with a gain of 0.82%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 April, 2013
It should be defined as a long-term investment that holds its value internationally, in extreme financial times. Is gold one of these? After all, it has fallen from $1,921 at its peak to $1,344 at its trough. This is a 30% fall over the last year plus. At one time George Soros described gold as the “Ultimate Safe-Haven”, before saying it was a “disappointing Safe-Haven”. Alan Greenspan described gold as being “money in extremis.” Full Story
June gold is showing some impressive gains to start and in the process the gold market has reached back up to the highest level since the big washout day of April 15th. In addition to classic technical short covering buying off a series of key points that were breached on the charts, gold was probably garnering some lift off hope for an upcoming ECB rate cut. Apparently Indian buyers continued to snap up gold but there were some reports of price sensitivity with gold at times overnight, reaching as much as $106 an ounce above last week's lows. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 April, 2013
Gold continued to move higher, closing at $1,400 up $12 in New York on Friday. In Asia it pushed through to $1,423 London then traded it around that level ahead of the Fix. The Fix was set at $1,425 up $11 and in the euro at €1,092.54 up €12 while the euro was at €1: $1.3043. Ahead of New York’s opening it began to rise firmly to $1,437 and in the euro at €1,101.40. Full Story
WHOLESALE gold prices rose back above $1430 per ounce Monday morning for the first time since last Monday's price drop, amid reports of strong buying in Asia, while stocks gained and US Treasuries fell. Silver meantime ticked higher above $23.60 an ounce, though remained below Friday's high, while other commodities also gained with the exception of copper. Full Story
The state of Arizona may become the second state to use gold and silver coins as legal tender. Last week, Arizona lawmakers passed a bill that makes precious metals legal tender. Arizona is the second state after Utah to allow gold coins created by the U.S. Mint and private mints to be used as currency. More than a dozen states have legislature underway to pass similar measures. Full Story
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