By: Chris Mullen, Gold-Seeker.com - 28 February, 2014
Gold dropped $4.68 to $1325.82 in Asia before it rebounded to $1332.92 in London and then fell to as low as $1320.02 in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.44%. Silver slipped to $21.145 in Asia before it rebounded to $21.408 and then also fell back off, but it ended with a loss of just 0.52%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 February, 2014
The New York gold price closed at $1,330.50 down $0.50 on Thursday in New York. Asia took it slightly lower to $1,327 and London held it there ahead of the Fix. London Fixed gold at $1,327.75 down $3.20. In the euro, it Fixed lower at 961.650 down 13.15, while the dollar stood at $1.3807 down over 1%. Ahead of the opening in New York gold stood at $1,330.75 and in the euro at 964.07. Full Story
GDP numbers and Michigan consumer sentiment are the key data releases today. Federal reserve chairman yesterday suggested a delay in tapering. There will not be a taper at every meeting. US economic growth in the months of March and April will be the key. Gold will crash to $1045 if and only if US economic growth rises in the month of March and April. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 February, 2014
Gold dropped $5.05 to $1323.95 in late Asian trade before it rebounded to $1335.36 at about 10:30AM EST and then drifted back to $1326.99 in the next four hours of trade, but it then rallied back higher in late trade and ended with a gain of 0.11%. Silver slipped to $21.002 in Asia before it bounced back to $21.485 in London and then chopped back lower in New York, but it still ended with a gain of 0.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 February, 2014
The New York gold price closed at $1,329.00 down $11.60 on Wednesday in New York. Asia took it slightly lower to $1,325 but London started to lift it back up ahead of the Fix. London Fixed gold at $1,331 down $9.00. In the euro, it Fixed slightly lower at 974.806 down 0.50, while the dollar stood at $1.3654, 0.8 of a cent stronger. Ahead of the opening in New York gold stood at $1,332.85 and in the euro at 976.13. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 February, 2014
Gold fell $17.79 to $1322.81 at about 11AM EST before it bounced back higher midday, but it still ended with a loss of 0.87%. Silver slipped to as low as $21.102 and ended with a loss of 2.83%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 February, 2014
The New York gold price closed at $1,340.60 up $2.80 on Tuesday in New York. Asia held there as did London. London Fixed it at $1,340.00 up $7.25 cents. In the euro, it Fixed higher at 975.326 up nearly 6.00, while the dollar stood at $1.3739 barely changed. Ahead of the opening in New York gold stood at $1,339.55 and in the euro at 975.00. Full Story
Gold looks headed for $1360 as long as it trades over $1330. The longer gold trades over $1300, the more it will attract short term investors into gold. Silver needs to trade over $2160 to be in a bullish zone. Economic news from different parts of the world are not that encouraging suggesting a big change in interest rate status. A mild Chinese slowdown has resulted in subdued base metal prices. There will be a pause in the Indian Hindu marriage season from next week, only to start in April. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 February, 2014
Gold fell $6.38 to $1331.42 at about 5:45AM EST before it climbed to as high as $1343.58 by late morning in New York, but it then drifted back lower in the last half hour of trade and ended with a gain of just 0.21%. Silver slipped to $21.679 before it rallied back to $22.007, but it then fell back off in late trade and ended with a loss of 0.68%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 February, 2014
The New York gold price closed at $1,337.80 up $14.30 on Monday in New York. Asia held it just below that but London took it lower. London Fixed it at $1,332.75 down 25 cents. In the euro, it Fixed higher at 969.484 nearly 1.00 higher, while the dollar stood at $1.3747 a tad stronger. Ahead of the opening in New York gold stood at $1,333.25 and in the euro at 969.32. Full Story
In the month of March gold needs to break and trade over $1360 for at least four consecutive days to get a real push. Medium term investors will be cautious going long between $1360 and $1430. Rather I expect profit taking by medium term gold investors between the $1360 and $1430 zone (if gold is able to reach $1360+). Silver is still not of the woods yet. It needs to break and trade over $2310 in March for another set of rise. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 February, 2014
Gold rose to as high as $1338.96 by late morning in New York before it bounced back lower into the close a bit, but it still ended with a gain of 1.08%. Silver surged to as high as $22.179 and ended with a gain of 0.92%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 24 February, 2014
The New York gold price closed at $1,323.50 20 cents lower on Friday in New York. Asia took it up to $1,329.55 ahead of Londons opening on Monday. London Fixed it at $1,333.00 up $12.25. In the euro, it Fixed higher at 968.539 just over 5.00, while the dollar stood at $1.3763 a tad weaker again. Ahead of the opening in New York gold stood at $1,332.15 and in the euro at 970.25. Full Story
A breakthrough peace deal for Ukraine has halted days of violence and may bring sweeping political change, meeting many of the demands of the pro-European opposition. However, there are considerable financial and economic challenges facing Ukrainian banks, the Ukrainian pension system and the wider economy. There remains the risk of a default that could lead to contagion. Full Story
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