By: Chris Mullen, Gold-Seeker.com - 28 September, 2007
Gold shot to a new 27 year high despite a drop in the price of oil as the dollar broke decidedly under 78.0 to a new all-time low. After trading nearly 1% higher in Asia and London, gold jumped even higher in early New York trade to over $742 by 9AM EST, remained near its highs for the rest of trade, and closed with a gain of 1.45%. Silver climbed to over $13.80 by late morning in New York before it moderated a bit into the close, but it still ended with a respectable gain of 1.78%. Full Story
SPOT GOLD PRICES touched a new 27-year high above $740 per ounce early in London on Friday, as the US Dollar hit a new record low against the Euro and Brent crude oil in London ticked back from yesterday's fresh all-time high. Full Story
Gold made a new 28 year high close on the COMEX in New York yesterday. It was up $4.70 to $732.50 at the close. In overnight trading in Asia and Europe gold has continued to rally and has risen to $738.00/738.50 per ounce as of 1130 GMT. There seems to be strong support now at $726. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 September, 2007
Gold remained near unchanged in Asia, gained a few dollars in London, and rose to as high as $736 in early New York trade before it fell back near unchanged by late morning, but it then climbed back higher in afternoon trade and ended with a gain of 0.65%. Silver rose to as high as $13.58 in early New York trade before it dropped to under $13.40 by late morning, but it also rallied back higher in afternoon trade and ended with a gain of 0.97%. Full Story
SPOT GOLD PRICES ticked higher in London early Thursday, recovering all of yesterday's late losses in New York before jumping towards the US open and trading above $735 per ounce, well above last week's closing level. Full Story
Gold was down by $3 yesterday and ended the trading day in New York at $727.80. In overnight trading in Asia and Europe gold rallied somewhat and has risen to $732.00/732.50 per ounce as of 1215 GMT. Full Story
Agflation or agri prices will be the key over the coming years. Wheat prices are at a record after Ukraine plans to limit wheat exports between November and March. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 September, 2007
Gold traded slightly up in Asia and slightly down in London before it spiked nearly 1% higher to $737 by about 10AM EST in New York, but it then plummeted lower in the next hour of trade and fell to as low as $726.17 ahead of a small rally back higher into the close that left it with a loss of 0.41%. Silver rose as high as $13.575 and fell to as low as $13.29 in New York before it also rallied from its low in afternoon trade, but it still ended with a loss of 0.82%. Full Story
Gold traded sideways again yesterday and spot gold ended the trading day in New York down 30 cents to $730.80. In overnight trading in Asia and Europe gold has again traded sideways and to $730.50/731.00 per ounce as at 1200 GMT. Gold looks well supported as the dollar has again weakened against the euro overnight and hit a new all time low against the euro at 1.4161. Full Story
SPOT GOLD PRICES slipped back from a two-day high early Wednesday, dipping to record $730.55 at the Morning Fix in London, 1.3% below the new 27-year high hit last Friday. The Gold Market still racked up its 13th consecutive day above the $700 mark, however. Full Story
Global readjustment of the US dollar and doubts that the US economy could be headed towards a recession has resulted in investors switching into gold. The current weakness in the US dollar has resulted in exporters of different nations switching their billings into currencies other than the US dollar as their currencies continue to appreciate against the US dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 September, 2007
Gold fell nearly 1% by late trade in Asia and dropped to as low as $722.50 in London before it rallied back higher throughout most of trade in New York and even saw slight gains above $733 by early afternoon, but it then fell back off a bit in the last hour of trade and ended slightly off its high of the session with a loss of just 0.04%. Silver dropped to as low as $13.21 in London before it also rallied back higher for most of trade in New York and ended near its high of the session with a loss of just 0.15%. Full Story
SPOT GOLD PRICES slipped 0.9% to a three-session low of $724 per ounce Tuesday morning in London, while European stock markets dropped 1.2% and Wall Street futures pointed lower. Full Story
Gold traded sideways yesterday and spot gold ended the trading day in New York up 10 cents to $731.10. In overnight trading in Asia and Europe gold has sold off and is down some 1% to $727.50/728.00 per ounce as of 1200 GMT. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 September, 2007
Gold soon rose nearly $5 in Asia and traded about $1-$5 higher in London before it fell in morning New York trade and dropped to find a $5 loss at $726.00 by late morning, but it then rallied back higher in afternoon trade and ended with a gain of 0.01%. Silver rose over $13.65 by midday in London and then fell to as low as $13.37 by late morning in New York before it also rallied back higher in late trade, but it still ended with a minimal loss of 0.07%. Full Story
SPOT GOLD PRICES ticked up to $736 per ounce by lunchtime in London after opening 3.4% higher from last Monday's start and gaining 1.5% for European investors from this time last week. Full Story
Gold continued to rise Monday after last week's 3% increase. Gold was up to $734.50/735.00 per ounce against $731.50 in late New York trade on Friday. It remains at record 27 year highs, the highest since January 1980, when gold reached a record $873 an ounce. Full Story
US dollar is getting weaker day by day. Expectations of further interest rate cut by the Fed has resulted in the greenbacks losses. Central globally are inflation sensitive and not worried over their currency gains against the US dollar. Full Story
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