Gold edged up to $1582.05 in Asia before it fell to see a $15.49 loss at $1564.91 at about 5AM EST and then stormed back to as high as $1587.20 at about 9AM EST, but it then fell back off into the close and ended with a loss of 0.31%. Silver surged to as high as $28.765 in early New York trade before it also fell back off, but it still ended with a gain of 0.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 March, 2013
The gold price slipped back to $1,580.40 in New York, yesterday. In Asia and London it slipped further then Fixed at $1,570.00 and in the euro at €1,203.998, while the euro was $1.3057 in the middle of a 7 point spread, which is usually 1 or two points only. Ahead of New York’s opening, gold was $1,579.60 and in the euro at €1,209.73. Full Story
SPOT MARKET gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record. Full Story
Gold fell 5% in February due to dollar strength, reasonably positive economic data, aggressive selling of paper gold on the COMEX, and poor sentiment. Despite the very negative sentiment, gold was more resilient in other fiat currencies. In euros and pounds, gold only fell by 1.1% and 0.7% respectively. For the month, gold fell just over £8 from £1,049/oz to £1,041/oz and from €1,225/oz to €1,210/oz. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 February, 2013
Gold edged up to $1602.70 in Asia before it fell back to $1586.35 in London and then bounced back to almost unchanged at about 9AM EST, but it then fell to a new session low of $1575.02 in early afternoon New York trade and ended with a loss of 1.05%. Silver slipped to as low as $28.398 and ended with a loss of 1.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 February, 2013
The gold price slipped back to $1,597.10 in New York, yesterday. In Asia and ahead of London’s opening it held there but as London opened gold slipped back to Fix at $1,591.00 and in the euro at €1,213.392, while the euro was $1.3112. Ahead of New York’s opening, gold was $1,591.30 and in the euro at €1,212.69. Full Story
The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose. Broad commodity markets were little changed, while silver bullion crept back above $29 per ounce. Full Story
After the fall of yesterday, gold recovered in Asian trading and traded over $1,604/oz prior to renewed selling sent prices below $1,600/oz again. Gold rebounded on concern that automatic U.S. spending cuts that are due to take effect from tomorrow may hurt the recovery of the U.S., still the world’s largest economy. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 February, 2013
Gold traded just slightly lower in Asia and London, but it then accelerated its losses in New York and ended near its late session low of $1592.54 with a loss of 1.04%. Silver slipped to as low as $28.84 and ended with a loss of 1.4%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 February, 2013
The gold price jumped in New York, yesterday to close at $1,613.90 up nearly $20. In Asia and ahead of London’s opening it slipped slightly to $1,607. In London it was Fixed at $1,608.50 up $10 and in the euro at €1,228.801 up nearly €11, while the euro was $1.3090. Ahead of New York’s opening, gold was $1,607.65 and in the euro at €1,228.25. Full Story
U.S. DOLLAR gold bullion prices fell slightly in Wednesday morning's London trading, but held above the $1600 per ounce level it rallied above yesterday after Federal Reserve chairman Ben Bernanke told Congress that that Fed's ongoing quantitative easing policy "is providing important support to the recovery" and that the benefits "are clear". Full Story
Gold is trading flat today near a one and a half week high hit yesterday as Federal Reserve Chairman Ben Bernanke defended the U.S. ultra loose monetary policy. The selloff in gold ETFs in February underscores the weakness in gold sentiment among retail investors that has been prominent recently. Our trading desk has never been so busy – on the sell side - as weak hands and lack of conviction buyers have engaged in panic selling. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 February, 2013
Gold bumped up to $1601.89 in Asia before it fell to see a $10.26 loss at $1584.34 at about 10:15AM EST, but it then shot to as high as $1619.40 in the next hour of trade and ended with a gain of 1.21%. Silver surged to as high as $29.456 and ended with a gain of 1.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 February, 2013
The gold price rose in New York, yesterday to close at $1,594.60. In Asia and ahead of London’s opening it slipped slightly to $1,591 as the euro dropped 2 ½ cents after the worry over the Italian elections. In London it was Fixed at $1,597.25 up $5 and in the euro at €1,219.65 up nearly €19, while the euro was $1.33096. Ahead of New York’s opening, gold was $1,592.00 and in the euro at €1,216.99. Full Story
U.S. DOLLAR prices for buying gold rose briefly above $1600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result. Full Story
Gold inched above $1,600/oz today, extending gains from the previous session and into the fourth straight session as uncertainty over Italy's election results stoked renewed fears that the euro zone debt crisis is set to return, and increased demand for the yellow metal. Full Story
By: Chris Mullen, Gold-Seeker.com - 25 February, 2013
Gold climbed $13.90 to $1594.40 at about 7:20AM EST before it fell back to $1584.10 by late morning in New York, but then rose to a new session high of $1597.00 in afternoon trade and ended with a gain of 0.89%. Silver rose to $29.243 in London before it fell back to $28.90, but it still ended with a gain of 0.94%. Full Story
After falling to multi month lows last week, gold prices seem to have found some value hunting or bargain hunting buying overnight. It also seems as if the gold market sees favorable equity market action as a positive, or perhaps gold is simply being lifted by suggestions from the Fed at the end of last week, that US easy money policy was set to stay in place for a long period of time. With the Chairman of the Fed scheduled to testify for two days starting on Tuesday, it is also possible that the gold market expects the Fed Chairman to further tamp down the fears of an early end to QE. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 February, 2013
The gold price continued to recover and opened in Asia above $1,590 with a steady euro. In London it was Fixed at $1,592.50 and in the euro at €1,201.89, while the euro was $1.3250. Ahead of New York’s opening, gold was $1,591.00 and in the euro at €1,195.96. Full Story
U.S. DOLLAR gold prices climbed back above $1590 an ounce Monday morning, extending gains from Friday following sharp losses last week, while stock markets also rallied, although the FTSE 100 in London saw smaller gains that other European indexes following news of a downgrade to Britain's credit rating. Full Story
Gold climbed in Asia, pulled back and then continued higher in Europe. Investors remain wary over the Italian election result and the risk of contagion to the monetary union. Exit polls will be published around 1400 GMT. What will it mean for the euro remains to be seen, but gold bullion stayed above the 7 month low hit last week. Full Story
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