Gold traded slightly lower in Asia before it moved back higher in London and traded on either side of $650 with $1-$4 gains in morning New York trade, but it then fell from its high near $652 in afternoon trade and ended AT is low of the session with a loss of 0.06%. Silver climbed over $12.50 by late trade in London and remained near that level for most of trade in New York, but it also fell back off in the last minutes of trade and ended near its low with a loss of 0.49%. Full Story
THE PRICE of gold bullion rose throughout the first-half of London trade on Friday, touching $651 per ounce by lunchtime – a gain of 1.6% from the week's low. The AM Fix earlier came in at $648.50, the highest Fix since Tuesday's sharp sell-off. Full Story
Crude oil prices have risen from $50.0 a barrel to $70.0 barrel in the first six months of 2007. That’s a return of 40% in the first six months or 80% annualized. In developed markets equities and treasuries are not giving such high returns. Full Story
Gold rose about $2 in Asia, added another $2 in London, and gained almost $4 more in morning New York trade to near $650 by late morning before it fell back off slightly in afternoon trade, but it still ended with a gain of 0.95%. Silver followed a similar pattern and rose near $12.50 before it also fell back off a bit, but it still ended with a gain of 1.39%. Full Story
SPOT GOLD PRICES continued to climb during the Asian and early London sessions on Thursday, hitting $647 just ahead of the US open – a gain of 1% from the low hit on Monday. The move was slightly muted for British investors, as the Pound rose back above $2.00 versus the Dollar to a two-month high on the currency markets. That capped the Sterling price of gold at £323.22 per ounce by lunchtime in London. Full Story
Today it is the Fed day. Markets have factored in the best possible scenario for outlook of US economy and interest rates. Even if the Fed surprises, it will not affect the US dollar positively. Full Story
Gold traded mostly slightly lower in Asia in London before it moved higher in late morning New York trade and saw small gains above $644 by early afternoon, but it then fell back off into the close and ended with a loss of 0.06%. Silver rose over $12.30 before it also fell back off into the close and ended with a loss of 0.41%. Full Story
THE INTERNATIONAL spot gold market held above $641 in the first-half of London trade on Wednesday. But after Tuesday's $10 sell-off, "gold hits 3-month low as investors flee risk," reports Reuters. Today's AM Fix came in at $642.85 per ounce – the lowest gold price in Dollars since March 5th. For British investors wanting to buy gold today, the metal on Wednesday dipped below £322 per ounce. French and German investors found the metal trading below €478.50 – also a 5-month low. Full Story
Mild Unwinding of yen carry trade resulted in technical break down in silver and gold which triggered stop losses. Silver fell like a pack of cards in its true style. Full Story
Gold dropped a few dollars in Asia and London and fell throughout most of trade in New York to as low as $639.60 by about 1PM EST before it bounced slightly higher into the close, but it still ended with a loss of 1.38%. Silver fell much more aggressively in New York and dropped to as low as $12.10 before it also rebounded in the last half hour of trade, but it still ended with a notable loss of 4.60%. Full Story
SPOT GOLD PRICES began the London session on Tuesday trading below $650 for the third time in four sessions, holding at $649.50 as the opening on Wall Street drew near. Down $2.50 from the overnight high in Asia, spot gold prices slipped 0.45% lower from Monday's start. "It's going to be a very quiet trading session in the gold market, ranging between $645-$655, before the Fed meeting," said Peter Tse of ScotiaMocatta in Hong Kong to Reuters earlier. Full Story
It has been a volatile session yesterday not just gold and silver but also in global equities as they closed lower. Dow Jones had risen over 100 points only close in the red. Full Story
Gold fell slightly in Asia, continued to move lower in London, and dropped to as low as $648.30 by about 10AM EST in New York before it rebounded in late morning trade to back near unchanged on the day above $652, but it then fell back off slightly in the last half hour of trade and ended with a loss of 0.37%. Silver dropped to as low as $12.77 before it rebounded back near $13.00 by late morning, but it also fell back off in afternoon trade and ended with a loss of 1.53%. Full Story
There isn't much news out today from a fundamental standpoint. The market seems to be on hold until we get word out of the Fed about their take on the slowing economy and just how much inflation is present in the system. It does seem like global monetary authorities like the IMF and BIS are prepping the global economy for some wicked consolidations in the near future. Full Story
THE GOLD MARKET slipped at the London opening on Monday, dropping more than $2 from Friday's close to reach an AM Fix of $651.25 per ounce – a little more than 1% down from last Monday's morning fix. Full Story
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