By: Chris Mullen, Gold-Seeker.com - 26 August, 2011
Gold climbed to $1794.24 by about 7:40AM EST before it fell back to $1765.20 in the next 45 minutes of trade, but it then rallied to as high as $1795.00 in New York and ended with a gain of 1.95%. Silver fell to $40.205 in Asia and rose to $41.30 in London before it fell back to $40.096 by a little after 10AM EST in New York, but it then rallied back higher into the close and ended with a gain of 0.49%. Both metals are rising to new highs in afterhours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 August, 2011
Enjoying the roller coaster? From the peak Fixing over $1,886.50 and in the euro, €1,279, we have seen a drop down to the Fixing of $$1,716.50 and in the euro €1,191.10 yesterday. The exchange rate of the $/€ stands at €1: $1.4425, barely changed, just ahead of New York’s opening. The Yen and the Swiss Franc are weaker this morning but not significantly. Full Story
THE PRICE OF PHYSICAL GOLD rose in Asian and London trade Friday morning, regaining half of this week's 11% drop from new record highs, before slipping back to $1768 per ounce. Global stock markets fell, as did energy and most commodity prices, as the Dollar rose ahead of Federal Reserve chairman Ben Bernanke's much-anticipated speech at the annual Jackson Hole central-banking conference in Wyoming. Full Story
Gold is higher in most currencies but especially in dollars and Swiss francs. The dollar and European equities are lower due to nervousness prior to Bernanke’s speech at Jackson Hole. Expectations are waning that Federal Reserve Chairman Bernanke will indicate further quantitative easing measures to prop up the ailing U.S. economy – at least in the short term. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 August, 2011
Gold fell $51.95 to as low as $1702.95 by a little after 5AM EST, but it then rallied back higher in London and New York and ended near its late session high of $1767.24 with a gain of 0.29%. Silver dropped to as low as $38.685 before it surged to as high as $40.98 and ended with a gain of 3.87%. Both are rising to new highs in afterhours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 August, 2011
From the peak Fixing over $1,886.50 and in the euro, €1,279, we have seen a drop down to the Fixing of $$1,716.50 and in the euro €1,191.10 this morning. The exchange rate of the $/€ stands at €1: $1.4445 just ahead of New York’s opening, As we have been pointing out many times, the current buyers of gold are not price chasers. Full Story
THE PRICE OF GOLD in professional wholesale dealing sank further on Thursday morning, plunging to a 9-session low of $1704 early in London – a drop of more than $200 per ounce from Tuesday's new record high. Full Story
All major currencies have risen against gold again today as the vicious sell off seen on Tuesday and particularly yesterday continued in Asia overnight and in Europe. Gold is trading at 1,723.80 USD , 1,192.10 EUR , 1,052.90 GBP, 1,369.50 CHF and 133,225 JPY per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 August, 2011
Gold fell $35.75 to $1823.05 in afterhours access trade late yesterday before it rebounded to back above $1850 in Asia, but it then fell to as low as $1753.14 by early afternoon in New York today and ended with a loss of 5.59%. Silver dropped to $41.34 before it climbed back above $42, but it then fell to as low as $39.07 in New York and ended with a loss of 7.05%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 August, 2011
As we have been pointing out many times, the current buyers of gold are not price chasers. The action in the gold market has confirmed that as we see overnight. Gold pulled back from yesterday’s high over $1,900 to $1,840 in Asia, from where it rose $7 ahead of London’s opening. Full Story
PHYSICAL gold investing prices higher early Wednesday as Asian stock markets slid, but a further rally in European equities again saw the price of gold pull back. Slipping below last week's record-high Friday close of $1852 per ounce, the price of gold investing bullion bars was set at $1850 per ounce by the wholesale market's biggest players mid-morning in London. Full Story
All major currencies are lower against gold today with the Japanese downgrade and concerns about global growth taking their toll on Asian stock markets. While European indices have eked out gains, some selling of peripheral European debt has been seen again and yields on German bunds have risen. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 August, 2011
Gold climbed to a new record high of $1911.54 in afterhours access trade late yesterday before it fell to as low as $1849.19 by early afternoon in New York today and then bounced back higher in the last hour of trade, but it still ended with a loss of 1.59%. Silver rose to as high as $44.18 in late trade yesterday before it fell to as low as $41.995 in New York today and ended with a loss of 2.58%. Both are also falling even lower in today’s afterhours access trade. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 August, 2011
The sight of gold sitting at $1,901 in Asia this morning well ahead of London’s opening was quite an awakening! The €/$ exchange rate has not moved that much and stands at €1: $1.4378 at the same time making gold in the euro at €1,322.11. All currencies appeared stable holding the dollar and the euro at low levels. However, the smaller gold markets are running ahead of the main ones. Once London was open and the market became far more two-way, the gold price slipped back to just above yesterday’s afternoon Fix [$1,877.50] at $1,880. This takes the steam out of the gold price rises and ‘spikes’ in the price. Full Story
THE PRICE of physical gold touched new record highs against all major currencies at the start of Asian trade Tuesday, falling back by 2% as European stock markets then extended their rally from the summer's near-20% plunge to date. Full Story
All major currencies are higher against gold today including the US dollar, despite the dollar falling on international markets. Gold reached new record nominal highs at $1913.50/oz overnight and profit taking and traders nervous about potential margin increases have led to a 1% fall in dollar terms today. Gold has fallen by more in euro and sterling. Full Story
By: Chris Mullen, Gold-Seeker.com - 22 August, 2011
Gold climbed to a new record high of $1894.40 in Asia before it fell back to $1857.80 by a little after 8:30AM EST, but it then rallied back higher in New York and ended near its earlier high with a gain of 2.15%. Silver soared to as high as $44.022 before it pulled back to $42.46, but it also rallied back higher in New York and ended near its earlier high with a gain of 2.55%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 22 August, 2011
In New York on Friday gold closed at $1,851 after a brief and shallow consolidation. In Asia on Monday gold leapt to $1,893. At the same time the euro /dollar exchange rate has barely moved remaining at €1: $1.4355. The Yen and the Swiss Franc remain strong but not running stronger. Full Story
THE PRICE OF physical gold rose Monday morning for the thirteenth time in sixteen August trading sessions so far, recording new all-time highs against all major currencies bar the Japanese Yen as London dealing began. Full Story
All major currencies have fallen against gold and silver again today with gold reaching new record nominal highs in most fiat currencies including U.S. dollars. Gold reached a new record of $1,894.80/oz - just shy of $1,900. Full Story
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