THE PRICE OF PHYSICAL gold sank in late Asian dealing on Friday, losing 4.7% from Thursday morning's new all-time highs but quickly recovering one-third of that loss as London trading began. "We would buy this dip," wrote Walter de Wet at Standard Bank as gold rose back through $1150. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 November, 2009
Gold steadily rose throughout most of world trade and ended near its high of $1187.25 with a gain of 1.71% at a new record high. Silver climbed to as high as $18.75 in late Asian trade before it fell back to $18.545 by midmorning in New York, but it then rallied back higher in the last few hours of trade and ended right back at that earlier high with a gain of 1.74%. Both metals have also risen to new highs in after hours access trade at the time of writing. Full Story
THE PRICE OF GOLD broke fresh record highs vs. the Dollar for the 19th session since Oct. 6th early Wednesday in London, trading above $1180 per ounce as the US currency fell with government bonds. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 November, 2009
Gold fell $3 to $1161.60 in late Asian trade and rose as much as $6.55 to $1171.15 in London before it chopped its way back lower in New York, but it still ended with a gain of 0.14% at a new record closing high. Silver traded mostly slightly lower in Asia and London and fell to as low as $18.31 in New York before it rebounded a bit in the last couple of hours of trade, but it still ended with a loss of 1.02%. Full Story
THE PRICE OF WHOLESALE gold in the professional market hit a new record London Fix of $1170.25 an ounce early Tuesday, while Asian stock markets closed the day lower and the US Dollar slipped on the forex market. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 November, 2009
Gold climbed steadily higher in Asia and London and rose to as high as $1173.75 by about 10AM EST in New York before it fell back off almost 1% from that high into the close, but it still ended with a gain of 1.61% at a new record high. Silver jumped to as high as $18.92 before it also fell back off in the last few hours of trade, but it still ended with a gain of 0.92%. Full Story
THE PRICE OF GOLD rose against all major currencies early Monday in Asia, recording fresh all-time highs against the US Dollar, British Pound and Euro. This morning's London Gold Fix – used as a clearing and benchmark price, and set today at $1166.00, £702.41 and €778.53 per ounce – stood 293%, 284% and 171% higher respectively from this time 10 years ago. Full Story
Gold and silver have been delinked from the US dollar. Gold is showing signs of a currency status which implies that gold will continue to rise without any major corrections. Short positions are getting converted into long positions and more and more short term hot money is getting poured into gold. I have been asked over the past few weeks as to what could be gold’s top. Full Story
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