Gold climbed $50.09 to as high as $1607.09 in early afternoon New York trade and ended with a gain of 2.68%. Silver surged to as high as $27.918 in early New York trade before it pared its gains a bit, but it still ended with a gain of 3.93%. Full Story
Gold closed in New York at $1,557 and the picture looked glum. Ahead of London’s opening gold had jumped ton $1,570, while the euro jumped strongly to €1: $1.2589 from $1.2450, 140 cents higher. The gold Fix was set at $1,569.50 the same as yesterday and in the euro €1,258.50. Ahead of New York’s opening, gold jumped to $1,584.00 and in the euro, €1,257.64 while the euro was at €1: $1.2595. Full Story
SPOT MARKET gold prices hit $1584 an ounce ahead of Friday's US trading – a 2.3% rise from the previous day's low – while stocks, commodities and the Euro also rallied following news of an "important" agreement at the European Union summit in Brussels. Full Story
Gold rose after European leaders agreed a “deal” which has helped bring down soaring borrowing costs in Italy and Spain. Stock and commodity markets have greeted the news with enthusiasm and seen strong gains. Peripheral Euro nations bonds have seen gains in a relief rally and their yields fallen although Italian bond yields remain over 6%. Full Story
Gold fell to as low as $1547.86 before it rallied back higher in the last couple of hours of trade, but it still ended with a loss of 1.12%. Silver slumped to as low as $26.128 before it also rebounded, but it still ended with a loss of 1.71%. Full Story
Gold closed in New York at $1,573 again. London moved down only slightly to $1,569, while the euro weakened slightly to €1: $1.2450, 50 cents lower. The gold Fix was set at $1,567.75 the same as yesterday and in the euro €1,261.466, €6 higher. Ahead of New York’s opening, gold stood at $1,571.30 and in the euro, €1,260.97 while the euro was at €1: $1.2461. Full Story
WHOLESALE PRICES to buy gold ticked back above $1570 per ounce in London trade Thursday lunchtime, but held onto a 0.5% loss for the session as stock markets fell ahead of today's Euro crisis summit in Brussels – the 12th such meeting in 12 months. Full Story
Volatile trade yesterday saw gold surge nearly $20 after news that the ECB was considering entering the monetary twilight zone of NIRP or negative interest rate policies. However, the gains were capped and prices quickly gave up those gains and gold dropped $16.00 or 0.99% and was last quoted in New York at $1,571.50/oz. Gold rose slightly in Asia but then fell soon after the European opening. Full Story
Indian trade with Dubai meantime totaled $10 billion in the first quarter of this year – making India Dubai's biggest trading partner ahead of China – data published by Dubai Customs show. gold bullion represented both the biggest import and biggest export for Dubai. Full Story
By: Julian D. W. Phillips, GoldForecaster.com - 27 June, 2012
As E.U. leaders meet for the 19th time in emergency talks, markets are taking a jaundiced view of their indecisive performance. To be fair to them, the giving up any part of financial sovereignty is a very risky step for any politician. In the past these have been causes for war. But it does seem that we are seeing a stream of proposals, one after the other where no progress is being made. Full Story
India was the world's biggest gold buyer in 2011, with total Gold Bullion demand totaling 933.4 tonnes according to World Gold Council data. Gold demand in the first quarter of 2012 however was 207.6 tonnes, down 29% on the same period last year, with China overtaking India as the world number one for the second quarter running. Full Story
By: Julian D. W. Phillips, GoldForecaster.com - 26 June, 2012
The overall opinion of the precious metal markets is that gold, when set against these backgrounds, should rise higher. It is still consolidating though and not yet making decisive moves either way. Throwing money at falling asset holders is no replacement for real economic [not monetary] growth. If they continue to do that, the crisis will worsen! Full Story
Gold closed in New York at $1,572. London opened at the same level, but as the euro slipped slightly it slipped marginally too, but then recovered ahead of the Fixing in London to Fix at $1,569.00 and in the euro at €1,256.406 almost the same as Friday’s level. Ahead of New York’s opening gold stood at $1,570.30and in the euro, €1,257.25 while the euro was at €1: $1.2490. Full Story
WHOLESALE MARKET gold bullion prices dropped below $1570 an ounce during Monday morning's London session, though they remain broadly in line with where they ended last week, with markets focused on this week's European leaders' summit. Full Story
Gold is marginally higher in Japanese yen, flat in U.S. dollars but higher in euros, pounds and other fiat currencies today. Further weakness may be seen in trading today as last week’s 3% fall may lead to follow through selling. Full Story
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