By: Chris Mullen, Gold-Seeker.com - 28 September, 2012
Gold traded mostly slightly higher in Asia and London, but it then drifted back lower in New York and ended with a loss of 0.23%. Silver slipped to as low as $34.27 and ended with a loss of 0.35%. Full Story
By: Ben Traynor, BullionVault - 28 September, 2012
U.S. DOLLAR gold prices hovered near seven-month highs above $1780 an ounce for most of Friday morning's London trading – a few Dollars up on where they started the week – while stocks failed to hold early gains after a analysts interpreted Spain's budget as "laying the groundwork" for a formal bailout. Full Story
Quarterly performance for, gold, silver and platinum were all up. Gold is on the way for an 11.4% gain. Silver racked up the largest gain and rose over 25%. Spot platinum and palladium were up 15.4% and 9.8% for the 3rd quarter. US gold American Eagle coins was improved from last quarter (138,000 ounces vs. 133,000 ounces) however still the lowest quarterly figures in over 2 years. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 September, 2012
Gold saw decent gains in Asia before it fell back to $1752.30 in London, but it then rallied to as high as $1780.15 in New York and ended with a gain of 1.48%. Silver surged to as high as $34.74 and ended with a gain of 2.15%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 September, 2012
New York closed down at $1,751.30 yesterday down $10. Asia and London took it slightly higher before it was Fixed at $1,755.25 down $8.50 on yesterday morning and in the euro at €1,365.316 down €5.50. The euro stood at the same level as yesterday at $1.2854. Ahead of New York’s opening gold stood at $1,755.40 and in the euro at €1,365.54. Full Story
WHOLESALE-MARKET prices to buy gold eased $5 in London on Thursday after an overnight rally to $1760 per ounce. The Euro currency also eased lower after rallying to $1.29 – some 2¢ below the 5-month high hit a fortnight ago – as Spain was set to unveil its latest government budget cuts and Italy's economy minister said Rome has no plans to request bail-out help. Full Story
Gold will continue to be supported by the ‘US Fiscal Cliff’ which is the US government deadline to agree on a plan to decrease the federal budget or trigger $600 billion in spending cuts, which will create austerity for the people and a huge knock to an already unstable US economy. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 September, 2012
Gold dropped $24.60 to $1736.80 by a little before 11AM EST before it bounced back higher midday, but it still ended with a loss of 0.57%. Silver slipped to as low as $33.32 by a little after 8AM EST, but it then rallied back higher throughout most of the rest of trade and ended with a gain of 0.56%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 September, 2012
New York closed down at $1,761.40 yesterday. Asia and London held it slightly higher before it was Fixed at $1,763.75 and in the euro at €1,369.797. The euro weakened slightly to $1.2854, down half a cent. Ahead of New York’s opening gold stood at $1,762.30 and in the euro at €1,371.11. Full Story
WHOLESALE gold prices in US Dollars dipped beneath $1760 per ounce for the 3rd time this week in London on Wednesday morning, gaining against the Euro and Sterling as those currencies fell faster and rising back towards last week's new all-time high versus the Swiss Franc. Full Story
Gold continues to eke out gradual gains in all currencies. It looks set for the best quarterly gain in more than two years, as central banks and investors diversify into gold to hedge against the prospect of weaker currencies and slowing growth. Euro gold hovering near record highs at €1,375/oz shows the eurozone crisis is far from over and is indeed set to deepen in coming months. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 September, 2012
Gold climbed $10.25 to $1774.75 by a little after 10AM EST, but it then fell back off midday and ended near its late session low of $1758.90 with a loss of 0.18%. Silver rose to as high as $34.47 in early New York trade before it also fell back off midday and ended with a loss of 0.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 September, 2012
New York closed down at $1,764.50 on Friday $4 down on Thursday. Asia and London held it there and it was Fixed at $1,766.75 and in the euro at €1,369.361. The euro weakened slightly to $1.2911, down a cent. Ahead of New York’s opening gold stood at $1,766.85 and in the euro at €1,366.05. Full Story
By: Ben Traynor, BullionVault - 25 September, 2012
SPOT MARKET gold bullion prices traded around $1765 an ounce Tuesday morning in London, 1.8% off last Friday's seven-month high. "It looks to me like we've got a short period of consolidation," says Standard Chartered analyst Daniel Smith. Full Story
Gold edged up today, on investor expectations for continued strength in the yellow metal linked to recent ‘stimulus’ packages employed by central banks globally. With all major central banks now engaged in some form of QE, we now have ‘QE Everywhere’ and the race to competitively devalue national and supranational currencies has intensified. Full Story
The fall in gold and silver and the gains in the US dollar seems to be partially affected by quarter end profit taking which only if it continues into next week will result in a short term bear phase, or else dips are a buying opportunity. There will be huge physical gold demand below $1750 till $1720 and it will not be easy to fall below $1720 in the short term. Silver’s gains could be curtailed by weak global economic fundamentals. Full Story
By: Chris Mullen, Gold-Seeker.com - 24 September, 2012
Gold fell $17.56 to $1755.54 in London before it rallied back higher in New York, but it still ended with a loss of 0.49%. Silver slipped to a low as $33.594 before it also rebounded in New York, but it still ended with a loss of 1.62%. Full Story
By: Ben Traynor, BullionVault - 24 September, 2012
WHOLESALE MARKET gold bullion prices dropped to $1757 an ounce Monday morning in London – 1.7% off a seven-month high hit briefly last Friday – as stocks, commodities and the Euro also ticked lower and US Treasuries gained amid signs of ongoing political stalemate in Europe. Full Story
Gold was off its 7 month high on Monday but the recent wave of central banks (ECB, US & BOJ) who started printing money and bond buying again is very supportive for the yellow metal and euro gold remains close to record highs (see chart). Full Story
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