By: Chris Mullen, Gold-Seeker.com - 27 January, 2012
Gold fell $3.45 to $1716.35 in Asia, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1737.96 with a gain of 1.05%. Silver slipped down to $33.29 at about 9AM EST, but it then rose to as high as $33.94 in late morning New York trade and ended with a gain of 1.53%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 January, 2012
New York closed at $1,719.80 almost the same as it opened. Asia held it at that level overnight. The euro was almost unchanged too at €1: $1.3107 ahead of London’s opening. At the Fix gold was set higher at $1,722.00 and in the euro at €1,310.303. At the time the euro stood at €1: $1.3142. Ahead of New York’s opening the gold price went a tad higher to $1,725.25 with the euro at €1: $1.3149, leaving the euro price of gold at €1,312.08. Full Story
WHOLESALE MARKET gold prices were headed for their biggest one-week rise since the start of December Friday lunchtime in London, climbing back through $1720 an ounce – a weekly gain of over 3%. Full Story
In Asia this morning gold fell from its seven week high as traders took profits ahead of US Gross Domestic Product data to be released later today. Gold investors were happy with the Fed's decision to keep interest rates low, but now the focus will again be on the eurozone and hopes for a solution to Greece's debt debacle. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 January, 2012
Gold climbed to as high as $1730.26 by about 10AM EST before it fell back off a bit into the close, but it still ended with a gain of 0.53%. Silver rose to $33.784 before it also dropped in late trade, but it still ended with a gain of 0.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 January, 2012
When the Fed threw a bucket of cold water on the blithe attitude of the last week [see below] the gold price took off like a shot from a gun and hit $1,710 by New York’s close. Asia and London kept the price the same and the euro rose only slightly to 1€: $1.3110 ahead of the gold Fix. At the Fix gold was set higher at $1,713.00 and in the euro at €1,300.585. The euro stood at €1: $1.3171. Ahead of New York’s opening the gold price went higher to $1,720.00 $65 higher with the euro at €1: $1.3163, 2 cents higher, leaving the euro price of gold at €1,306.69 up €31. Full Story
INVESTMENT DEMAND to buy gold continued to push wholesale prices higher Thursday morning in London, after the US Federal Reserve vowed to keep Dollar interest rates at zero until at least 2014 – one year later than previously promised. Full Story
Gold rose 2.5% yesterday and broke $1,700/oz to $1,712.80, its biggest one-day gain in the past 4 months, as the US Federal Reserve’s 11 out of 17 members voted that interest rates would likely remain near zero into late 2014. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 January, 2012
Gold climbed $4 to $1670.20 in Asia before it fell back to $1649.05 by about 10AM EST, but it then shot to as high as $1712.92 following the fed’s announcement and ended with a gain of 2.68%. Silver fell over 1% to $31.561 by midmorning in New York, but it then soared to as high as $33.40 after the fed’s announcement and ended with a gain of 3.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 January, 2012
New York took the price of gold to $1,666 and Asia lifted it slightly more to $1,668 before London pushed it to $1,659 ahead of the gold Fix. Weakened slightly to €1: $1.2992 placing the euro gold price at €1,276.94 down €6 on yesterday. Full Story
SPOT MARKET gold bullion prices dropped to $1653 an ounce Wednesday morning London time – down 1.7% from Monday's high – while stock markets, commodities and the Euro all slid and US Treasuries gained after the head of the International Monetary Fund suggested the European Central Bank could take losses on its Greek bond holdings. Full Story
Expectations are that chairman, Ben Bernanke, will point to interest rates sticking near zero into 2014 according to a Reuters poll. Any hints of interest rates remaining low for a longer period will continue to put pressure on the dollar and will boost gold's safe haven appeal. This will also allow investors to take higher profits by purchasing gold in other currencies. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 January, 2012
Gold fell to as low as $1661.40 by about 9AM EST before it bounced back higher midday, but it still ended with a loss of 0.71%. Silver slipped to $31.874 before it also rebounded, but it still ended with a loss of 0.93%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 January, 2012
New York lifted the price of gold to $1,678 but Asia pulled it back to $1,672 where London held it ahead of the morning Fix. The euro was a tad higher against the U.S. dollar to €1: $1.3040 in London’s morning placing the euro gold price at €1,282.21 down €8 on yesterday. Full Story
WHOLESALE MARKET gold prices retreated to roughly where they started the week during Tuesday's morning session in London, making a 1% drop from yesterday's 6-week high to $1665 an ounce. Full Story
Gold started out lower in Asia this morning as the euro faltered on news that European finance ministers rejected an offer by Greece's private creditors to help restructure its debts, but gains on Tokyo futures exchanges and an increase of demand in India cushioned the fall. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 January, 2012
Gold climbed $11.50 to $1677.40 in London before it fell back to $1666.30 by a little after 9AM EST, but it then rallied to a new session high of $1681.40 by late morning in New York and ended with a gain of 0.73%. Silver surged to $32.772 in London before it fell back to $31.899, but it then bounced back higher and ended with a gain of 0.65%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 January, 2012
Asia took the gold price to $1,670 ahead of the London opening, where it held before London lifted it even more to $1,673. The euro was a tad lower at against the U.S. dollar to €1: $1.2934 at London’s opening placing the euro gold price at €1,293.49 up €18 on Friday. Full Story
THE U.S. DOLLAR cost to buy gold hit a six-week high of $1677 an ounce Monday morning in London, as stock markets, commodities and the Euro all pushed higher and US Treasury bond prices dipped. Full Story
Gold has risen in all currencies today and bullion up nearly 1 % to $1,675/oz. Gold rose 1.7% last week has risen more than 6% so far this year. Gold jumped to its highest in more than a month as result of the uncertainty over of the Greek debt outcome and the growing geopolitical tensions with Iran and the US and NATO countries. Full Story
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