Gold rose to a new record high of $1632.67 by about 9:30AM EST before it pared its advance a bit in late morning trade, but it still ended with a gain of 0.92%. Silver climbed to as high as $40.371 before it also fell back off, but it still ended with a gain of 0.65%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 July, 2011
New York closed at $1,614 again. The trading range is narrowing to the lower teens over $1,600. This morning it swung between $1,613 and $1,614 much the same as yesterday. This morning it Fixed at $1,613.75 25 cents up on yesterday only. In the euro it Fixed at €1,129.27 also barely changed. The U.S. dollar stood a cent higher at €1: $1.4248. Full Story
THE U.S. DOLLAR gold price climbed to $1617 an ounce Friday morning London time – 0.7% off Wednesday's all-time high – as stocks and commodities fell following the decision to cancel a vote on proposals to cut the US deficit. Full Story
Gold is trading at USD 1,615.20, EUR 1,132.70, GBP 991.92 and CHF 1,293.10 per ounce. Gold’s London AM Fix was USD 1613.75, EUR 1129.76, GBP 991.67 (10:41 GMT). Gold is set to finish a turbulent July higher showing its safe haven attributes again. Gold is higher in all fiat currencies month to date and is 7.6% higher in U.S. dollars. Full Story
HSBC plans to cut 10,000 jobs world wide while Credit Suisse plans to cut 2,000 jobs. I hope this is not the beginning of a new round of job cuts by the financial service sector. A US debt default will have ramifications on financials as it will be followed by reduced volumes and reduced turnover on US treasuries. Full Story
Gold climbed $5.13 to $1619.93 by a little after 8AM EST before it fell back to $1602.55 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.12%. Silver fell to as low as $39.342 before it also rallied back higher, but it still ended with a loss of 1.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 July, 2011
New York closed at $1,614.8 last night and held there in Asia up to London’s opening. The U.S. dollar stood a cent higher at €1: $1.4383. The gold and silver prices are being touted as reacting to the debt crises in the States, but we see little action caused by them. The markets are telling us that the gold price is being driven by other factors. Full Story
THE PRICE to buy gold in US Dollars oscillated Thursday morning London time – soaring to just under $1620 an ounce before easing back – while stocks fell and commodities were mixed as Washington prepared for a postponed debt ceiling vote. Full Story
Gold is marginally higher against most currencies today and is trading at USD 1,614.40, EUR 1,130.50, GBP 990.08 and CHF 1,294.50 per ounce. Gold is flat against the dollar but remains just less than 1% from the record nominal high reached yesterday ($1,628.05/oz). The euro is under pressure again today and gold is 0.7% higher against the euro and is just less than 1.5% away from the record euro high of EUR 1,144.80/oz reached last Monday. Full Story
Gold climbed to a new record intraday high above $1625 in Asia before it fell back to $1615.60 at about 7:45AM EST and then rose to a new high of $1628.80 by midmorning in New York, but it then fell back off into the close and ended near its late session low of $1608.55 with a loss of 0.09%. Silver fell back to $40.638 in London before it rose to as high as $41.427 in New York, but it then fell to as low as $40.193 in early afternoon trade and ended with a loss of 0.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 July, 2011
New York closed at $1,616 last night and rose to $1,623 in Asia up to London’s opening. The U.S. dollar stood almost unchanged at €1: $1.4483 then. Still no agreement on the debt ceiling, except for more new plans from both sides. It didn’t help that they got their sums wrong either. Full Story
U.S. DOLLAR gold bullion prices hit a new intraday record high of $1625 an ounce in Wednesday's Asian trade – a 1.5% gain on Friday's close – before easing back slightly after London opened. Stocks and commodities were down but US Treasury bonds rose, as the US Congress had to postpone a vote on the $14.3 trillion debt ceiling. Full Story
Gold is trading at USD 1,620.40, EUR 1,120.50 and GBP 989.08 and CHF 1,298.50 per ounce. Both the dollar and the euro are under pressure again today and gold has reached another new record nominal high of $1,625.70/oz in early European trading. Full Story
Base metals and energies will be volatile. They are rising on expectations that higher demand in emerging markets will more than make up for lower demand in developed nations. I am a contrarian and expect the rise in base metals and energies to be short lived, may be another two months to three months before a medium term bear phase arises. Full Story
Gold waffled on either side of unchanged in Asia and London, but it then moved steadily higher in the last few hours of trade in New York and ended with a gain of 0.27% at a new record closing high. Silver briefly dipped back under $40 in New York before it also rallied back higher in late trade and ended with a gain of 1.14%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 July, 2011
Having reached $1,622 at its New York peak, gold slipped in Asia then at London’s opening to touch $1,608.50. With no agreement on the debt ceiling in the U.S. the gold market is taking a sanguine approach on the price of gold and will not be panicked by traders at this stage. Full Story
U.S. DOLLAR gold bullion prices fell as London opened Tuesday, but held steady for the remainder of the morning around $1610 an ounce – 0.8% of yesterday's all-time high. Silver bullion prices were also steady, trading around $40.40 an ounce – up 0.8% from Friday's close – while stocks and commodities rallied and US Treasury bonds fell following President Obama's televised debt ceiling appeal on Monday. Full Story
Gold is marginally lower in all currencies today (USD 1,611, EUR 1,113 and GBP 983 per ounce) but remains close to record nominal highs in major currencies on U.S. and Eurozone debt concerns. With the risk free rate of return of U.S. Treasuries (Treasury bills, Treasury notes and Treasury bonds) coming into question, gold is increasingly being seen by many as a less risky asset and as a less risky currency. Full Story
Gold jumped to a new all-time high above $1620 at the open of trade in Asia and hit as high as $1621.49 in London before it pared its gains a bit in New York, but it still ended with a gain of 0.68% at a new all-time high. Silver surged to as high as $41.043 in London before it also fell back off a bit in New York, but it still ended with a gain of 2.39%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 25 July, 2011
New York gold closed at $1,600 of Friday. When U.S. politicians failed to resolve their debt crises the gold price started to run with the silver price in hot pursuit. At the London morning Fix gold Fixed at $1,618.5 and unremarkably in the euro at €1,126.62 with the €1: $1.4392. Full Story
THE DOLLAR gold price held steady around $1619 an ounce Monday morning London time – up 1.2% from Friday's close – just below its new all-time record of $1623 per ounce set at the start of the day's Asian trade. Full Story
Gold surged 1.4% ($23) from $1,600.90/oz to a new record nominal of $1,624.07/oz within an hour of the open in Asia. Gold reached new highs due to continuing uncertainty and theatre regarding the debt ceiling negotiations in Washington. Gold is higher in all currencies except the Swiss franc as the Swiss currency is also continuing to see flows. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
