Gold and silver steadily rose in Asia and London and climbed to as high as $947.55 and $14.30 by about 8:30AM EST in New York before they fell back off to about unchanged at as low as $936.90 and $14.05 by about noon, but they then rallied back higher in the last hour and a half of trade and gold ended with a gain of 0.16% while silver was able to add a respectable 0.79%. Full Story
THE PRICE OF GOLD rose yet again on Friday for US-Dollar investors, hitting two-week highs above $947 per ounce as the world's No.1 reserve currency fell on the forex market. Full Story
Gold and silver briefly saw slight losses in Asia and London, but they then both chopped their way back higher in New York and ended near their highs of $939.45 and $14.05 with gains of 0.55% and 0.79%. Full Story
The recent downtrend in gold is being tested. Today’s close above $933 gives bulls the momentum heading into the end of the week. It is possible that tomorrow brings about a round of short-covering ahead of the weekend due to prices breaking above resistance levels. Full Story
THE WHOLESALE PRICE of physical gold rose again early Thursday in London, reaching one-week highs for UK and Euro investors as local stock markets fell and crude oil bounced back above $69 per barrel. Full Story
Gold and silver saw slight losses in Asia and decent gains in London before they exploded markedly higher in early New York trade to as high as $941.30 and $14.102 by about 9AM EST, but they then fell back off a bit into the close and gold ended with a gain of 1.09% while silver closed out with a gain of 0.36%. Full Story
THE PRICE O GOLD leapt overnight and early Wednesday, recovering all and more of this week's losses at $938 an ounce as world stock markets ticked higher but crude oil slipped for the second day running. Full Story
Gold fell nearly 1% to as low as $913.30 in Asia before it rose in London and saw slight gains in early New York trade ahead of a midmorning sell-off that brought it back to trade slightly lower around 11AM EST, but it then rallied back higher into the close and ended near its late session high of $926.25 with a gain of 0.34%. Silver followed a similar pattern and ended near its high of $13.882 with a gain of 0.73%. Full Story
The US dollar fell apart today, giving away all of yesterday’s gains and then some. This allowed a few commodity markets to rebound from horrid losses a day ago, though the action was not widespread. Gold prices managed a tepid rejection below the $915 level but only managed to close up $5.00 per ounce. Crude oil and gasoline did rally early in the session though those gains were pared back in the afternoon. Full Story
THE PRICE OF WHOLESALE GOLD BULLION bounced off a new 5-week low at $914 per ounce early Tuesday in London after the US Dollar rose on the currency markets but the Japanese Yen rose faster still. Full Story
Commodity markets proved vulnerable today to worries about the economy. It appears that many markets have rallied hard over the past few months on the belief that the economy was turning a corner. But over the past week or so, doubt about such a recovery has crept into the market. Full Story
Dullness after a decline supports the idea that the selling (which caused the decline) is drying up. This makes it likely that the uptrend line will hold and that gold is ready for another attack on $1000. On Monday morning, gold declined to test the Wednesday low. If this low breaks (on the close), then the uptrend line on the weekly chart is broken, and we will have to wait a while longer for the attack on $1000. Otherwise, now is the hour. Full Story
THE SPOT PRICE OF physical gold sank to new 5-week lows at $924 an ounce early in London on Monday, recording the lowest Gold Fix since 18th May as the US Dollar held steady on the foreign exchanges and world stock markets fell. Full Story
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