By: Chris Mullen, Gold-Seeker.com - 28 August, 2009
Gold and silver steadily rose in Asia and London and accelerated their gains in early New York trade before they both fell back off a bit into the close, but gold still ended near its high of $959.60 with a gain of 1.24% while silver ended near its high of $14.86 with a gain of 4.01%. Full Story
An interesting day left some confusing signals on many charts to end the week. The biggest gaining sector today was the metals, with silver and copper leading the way higher with a solid 3.5% gain, holding strong into the close. Gold finished the day about 1.0% higher, up $8.90 per ounce, at $956.20. All this coming on a day when stocks failed to hold early gains, finished slightly lower and the U.S. dollar gained slightly against all the major currencies. Even crude oil and gasoline finished the day positive. Full Story
THE PRICE OF GOLD rose in early London trade on Friday, heading into the long August Bank Holiday weekend unchanged from Monday and little changed from the start of the summer at $952 an ounce. World stock markets also rose, taking London's FTSE100 index to fresh 10-month highs and pulling government bond prices lower. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 August, 2009
Gold traded mixed in Asia before it rose to as high as $950.60 by a little after 8AM EST in London and then dropped to as low as $941.34 by about 10AM EST in New York, but it then rallied back higher into the close and ended with a gain of 0.13%. Silver followed a similar pattern and ended about halfway between its low of $14.05 and high of $14.36 with a loss of 0.33%. Full Story
THE PRICE OF GOLD held inside this week's tight range early Thursday in London, trading up to $949 an ounce as Asian stock markets closed 1% lower and European stocks moved sideways. Crude oil ticked lower towards $71 per barrel. Government bond prices rose. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 August, 2009
Gold rose $6 to $949.90 by late trade in Asia before it fell back off in London to as low as $939.85 by about 10AM EST in New York, but it then rallied back higher into the close and ended with a gain of 0.06%. Silver rose over 1% to $14.46 in Asia before it fell to see a nearly 1% loss at $14.16 by about 10AM EST in New York, but it also rallied back higher into the close and ended with a loss of just 0.28%. Full Story
Equities provided another unchanged day. Rallies in stocks could not be sustained, but bulls have yet to throw in the towel. Tomorrow might be the make or break day as initial jobless claims and a revised 2nd Quarter GDP figure are released. Full Story
THE PRICE OF GOLD drifted sideways in what one Hong Kong dealer called "sluggish" trade early Wednesday, briefly touching $950 an ounce as a rally in Asian stock markets failed to carry over to Europe. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 August, 2009
Gold traded modestly higher in Asia and London and rose to see an $11.32 gain at $954.07 by about 9AM EST in New York before it fell back off into the close, but it still ended with a gain of 0.12%. Silver traded mostly slightly lower in Asia and London before it rose to see a $0.193 gain at $14.403 by about 9AM EST and then also fell back off in midmorning New York trade, but it then rallied to a new high of $14.413 midday and ended near that high with a gain of 0.56%. Full Story
A positive Consumer Confidence survey helped boost equities briefly this morning, as the report showed not only a sharp increase from July, but also an upward revised figure for last month. The good vibes were cut short a few minutes later when the White House released its revised budget forecast, finding itself playing Debbie Downer this morning. Full Story
THE PRICE OF GOLD pushed higher overnight in Asia and early Tuesday in London, unwinding half of yesterday's 1.5% drop as the US Dollar eased back, together with world stock markets. Crude oil retreated from Monday's new 2009 highs, while government bond prices rose. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 August, 2009
Gold rose to see a $3.95 gain at $956.85 in London before it chopped its way back lower for most of trade in New York, but it then dropped off rather markedly in the last half hour of trade and ended near its low of $939.02 with a loss of 1.07%. Silver climbed over 2% to as high as $14.47 in Asia, but it also fell back off in late trade in New York and ended near its low of $14.085 with a gain of just 0.35%. Full Story
December gold prices managed to stay within the converging trend lines again, prolonging the drawn out consolidation pattern. Optimism carried over from last week dissipated by mid-day, as even a brief rally in equities after the pit open did not push gold into positive territory. Full Story
THE PRICE OF GOLD briefly added to last week's gains early in London on Monday, rising to $957 an ounce before slipping back as Asian equities jumped and European shares hit fresh 10-month highs. Crude oil dipped below $74 a barrel, but government bond prices were little changed as the US Dollar ticked higher on the forex market. Full Story
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