By: Chris Mullen, Gold-Seeker.com - 30 January, 2009
Gold jumped over $15 to above $920 between 3 and 4AM EST before it dropped back near $910 a little after 10AM in New York, but it then climbed to a new session high of $929.40 in afternoon trade and ended near that high with an impressive gain of 2.44%. Silver followed a similar pattern and ended near its high of $12.66 with a gain of 3.66%. Full Story
THE SPOT PRICE of wholesale gold bullion leapt 2.2% at the start of London dealing on Friday, driven higher by strong institutional buying even as the US Dollar rose on the currency market. Full Story
Gold rose by just over 1% yesterday to over $900/oz as renewed risk aversion saw stock and bond markets come under pressure. Gold subsequently traded sideways in Asia prior to another strong rally at 0800 GMT when gold surged from $901/oz to $926/oz in the hour. It has since given up some of those gains but remains above $920/oz. Demand remains very high internationally for etf's, gold certificates and bullion coins and bars. Full Story
Gold rebounded sharply intraday, recapturing the $900 level follow a short-lived uptick in risk appetite. The recent trend high at $915.60 is back within striking distance. Above that, the key level seen as the trigger for a near-term move back above $1,000 is well defined at $930.10 (10-Oct-08 high). Full Story
By: Chris Mullen, Gold-Seeker.com - 29 January, 2009
Gold dropped as much as $14.80 to $874.00 by midday in London, but it then stormed back higher for most of the rest of trade and ended near its high of $905.65 with a gain of 1.72%. Silver fell $0.355 to $11.64 before it also rallied back higher in New York and ended near its high of $12.265 with a gain of 1.29%. Both metals have also continued to rally higher in after hours access trade. Full Story
THE PRICE OF WHOLESALE gold bullion slipped to a four-session low early in London on Thursday, dropping more than 4% from Monday's 3-month high to bounce off $875 an ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 January, 2009
Gold rose $2.57 to $901.42 in Asia before it dropped to $882.80 by early trade in London and then climbed back near $900 by midmorning in New York, but it next fell back off in late morning trade and made a new low of $882.75 ahead of a $6.05 bounce form that low in afternoon trade that left it with a loss of 1.12%. Silver fell as much as $0.285 to $11.845 by midday in London before it rebounded in New York to see a $0.042 gain at $12.172 by about 11AM EST, but it then fell back off into the close and ended with a loss of 1.11%. Full Story
THE PRICE OF WHOLESALE SPOT BULLION bounced from an early 2% drop in London on Wednesday, picking up to $889 per ounce after the German Bundesbank denied rumors it was selling bullion to help fund the federal government's new €50 billion economic stimulus package. Full Story
Gold traded sideways in Asia overnight but has fallen in early European trading. Increasing risk appetite has seen equities rally again and this is likely leading to profit taking in the gold market. With gold having increased by some $100, more than 12% in less than 10 trading days and some will be taking profits. Full Story
Gold began the week with a convincing push above the $900 level. While prices have moderated slightly, global economic turmoil persists and is expected to remain a primary driving force behind the yellow metal. Full Story
THE SPOT PRICE of physical gold recovered half of an early 1.5% drop in London on Tuesday, moving back towards $900 an ounce as both the US Dollar and Japanese Yen also strengthened. Crude oil crept back above $46 per barrel, but soft commodity prices slipped. Full Story
After last week’s strong gains, gold continued to surge in all currencies yesterday reaching new record highs in Euros and pounds sterling. Prices remained firm in early trading in Asia prior to giving up some of yesterday’s gains. But the convincing technical close well above previous resistance should see gold (and silver) soon embark on the next leg up in their secular bull markets. Full Story
I was reading the internet there was apprehensions over the current rise in gold prices. Some of the comments were that the current gold price rise is nothing but just a bubble. I do not agree to this view. In my view the current rise in gold prices is here to stay in the long term but in the short term and medium term there will be wild fluctuations. Full Story
THE SPOT PRICE OF PHYSICAL GOLD remained volatile in London on Monday morning, reaching new all-time highs for UK and Euro investors but retreating from new 15-week highs against the US Dollar. Full Story
Gold has consolidated on the strong gains seen last week of 6.43% rise in the week (silver +6.6%). Gold fell initially in Asia to $890/oz before rising sharply in early trading in Europe to over $907/oz. Much of the technical damage done in recent weeks has been overcome and gold is again looking bullish from a technical and fundamental viewpoint. Full Story
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