By: Chris Mullen, Gold-Seeker.com - 27 February, 2015
Gold edged down to $1204.71 in late Asian trade before it climbed up to $1219.32 in late morning New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $16.697 and ended with a gain of 0.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 February, 2015
New York closed at $1,208.40 up $3.80. London Fixed the gold price at $1,205.00 down $15.00 and in the euro, at €1,073.592 down €0.68, while the euro was down almost 1.5 cents at $1.1224. Ahead of New York’s opening, gold was trading in London at $1,208.10 and in the euro at €1,076.35. Full Story
The Euro Working Group discussed Greece’s imminent funding problems yesterday amid mounting concern about how the country will meet its massive obligations. Minister of State for Coordinating Government Operations, Alekos Flambouraris, suggested yesterday that Greece might delay payment to the IMF if it cannot find the necessary money. Greece is due to pay the IMF 1.6 billion euros next month but the Greek Minister said that Athens might ask to delay this payment for two months. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 February, 2015
Gold climbed $15.32 to $1219.92 in London before it fell back off in New York, but it still ended with a gain of 0.32%. Silver rose to as high as $16.889 and ended unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 February, 2015
New York closed at $1,204.60 up $2.50. London Fixed the gold price at $1,220.00 up $13.50 and in the euro, at €1,073.660 up €11.6, while the euro was almost unchanged at $1.1363. Ahead of New York’s opening, gold was trading in London at $1,217.00 and in the euro at €1,071.87. Full Story
- High “structural” unemployment, high levels of public and private debt and a still vulnerable banking sector are weighing on the Irish economy - Report further casts doubt on the “recovery” narrative being touted by governments, banks and vested interests across the world - Levels of spin and denial not seen since before the crash of 2008 Full Story
By: Chris Mullen, Gold-Seeker.com - 25 February, 2015
Gold climbed $11.68 to $1211.88 in Asia before it fell back to $1201.17 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.37%. Silver rose to as high as $16.733 and ended with a gain of 1.79%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 February, 2015
New York closed at $1,202.10 up $1.10. London Fixed the gold price at $1,206.50 up $13.00 and in the euro, at €1,062.060 up €6.892, while the euro was nearly half a cent stronger at $1.1360. Ahead of New York’s opening, gold was trading in London at $1,207.30 and in the euro at €1,063.93. Full Story
Being involved in the fairly niche business of an international gold brokerage for nearly 12 years now, we find ourselves continuously engaged in conversation with people who demonstrate an incredible lack of understanding of the function of gold and the importance of gold as a DIVERSIFICATION and as a SAFE HAVEN asset. Full Story
The Federal Reserve chairwoman Yellen in her testimony did not give any specific time for an interest rate hike. Like previous editions she says that interest rates will be raised soon. US economic data releases have been good so far this year. Next week’s US February nonfarm payrolls will tell us whether a June interest rate hike is there or not. All of this is already factored in by the markets. This is one reason why gold and silver have risen. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 February, 2015
Gold dropped $10.35 to $1191.75 by a little after 10AM EST before it bounced back to $1202.64 in the next 40 minutes of trade and then fell back off again into midday, but it then rallied back higher in afternoon trade and ended with a loss of just 0.16%. Silver slipped to as low as $16.137 in late morning New York trade, but it then climbed back higher in the last 4 hours of the day and ended with a loss of just 0.43%. Full Story
The Euro zone raised its gold holdings by 7.437 tonnes to 10,791.885 tonnes in January, International Monetary Fund data released overnight showed. The rise in gold holdings was small in tonnage terms and in percentage terms – especially when viewed in the light of the recently launched ECB’s EUR 1 trillion QE monetary experiment. Full Story
By: Chris Mullen, Gold-Seeker.com - 23 February, 2015
Gold edged up to $1204.85 in Asia before it dropped back to $1192.04 in early London trade, but it then climbed to as high as $1208.91 in New York and ended with a gain of 0.09%. Silver rose to as high as $16.609 and ended with a gain of 0.56%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 23 February, 2015
New York closed at $1,201.00 down $7.40. London Fixed the gold price at $1,193.50 down $10.00 and in the euro, at €1,055.168 down €6.213, while the euro was weaker at $1.1311. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,055.22. Full Story
Recent research undertaken by scientists in Oxford University to identify possible threats to human civilisation has identified “system-wide failures caused by the structure of the network” as one of twelve major threats. Global economic collapse, artificial intelligence and nanotechnology have been named alongside nuclear war, ecological catastrophe and super-volcano eruptions as “risks that threaten human civilization” in a report by the Global Challenges Foundation. Full Story
The direction of gold and silver will be dependent on the ability to trade over $1190 and $1560 till the end of March. Interest rate sensitive factors due to the Federal Reserve chairman’s testimony and US economic data releases will have an impact only if gold and silver trade below key technical support after the release of these numbers. Full Story
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