By: Chris Mullen, Gold-Seeker.com - 30 October, 2009
Gold saw slight gains in Asia, but it then fell back off for most of the rest of trade and ended near its late session low of $1034.80 with a loss of 0.64%. Silver followed a similar pattern and ended near its low of $16.13 with a loss of 2.29%. Both metals have, however, recovered about 0.5% in after hours trade at the time of writing. Full Story
THE PRICE OF GOLD neared month-end above $1040 an once on Friday in London, approaching a new monthly high almost 5% above Sept.'s average as Asian stock markets closed markedly higher and the US Dollar held flat on the currency markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 October, 2009
Gold remained near unchanged in Asia before it rose to see modest gains in London, but it then accelerated even higher in New York and ended at about its high of the session with a gain of 1.57%. Silver followed a similar pattern and ended with a gain of 2.59%. Full Story
THE PRICE OF GOLD rose $10 from last night's 3-week low of $1027 on Thursday morning in London, gaining as Asian stock markets closed the day 1.5% lower and the United States reported an end to its economic recession. Full Story
Global economic numbers are showing that net incremental growth in the fourth quarter may not match the performance of first three quarters. This has resulted in profit taking in all markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 October, 2009
Gold rose as much as $5.55 to $1040.95 in Asia and then fell back off in London to see a loss of $5.40 at $1030.00 at the open in New York before it rebounded to see slight gains by midmorning, but it then fell back off into the close and ended near its new session low of $1026.67 with a loss of 0.49%. Silver climbed as much as 21 cents to $16.73 in Asia, but it also fell back off for most of the rest of trade and ended near its late session low of $16.125 with a loss of 1.88%. Full Story
THE PRICE OF GOLD for Dollar investors fell for the fourth session running on Wednesday morning in London, dropping as world stock markets sank 1.5% and crude oil fell to $79 per barrel. Losing 3.5% from its record high of a fortnight ago, the Dollar gold price bounced higher from $1032 an ounce – the previous all-time high, set when the Bear Stearns investment bank collapsed in March 2008. Full Story
Concerns regarding the sustainability of the recent recovery are increasing after yesterday's poor consumer confidence number (and last week's poor jobs and housing data). Concerns about the health of the US consumer and wider US economy are likely to lead to the dollar remaining under pressure in the medium and long term which bodes well for gold. As does the fact that there is a growing realisation that governments cannot print money forever. At some stage in the coming months, the extraordinary stimulus and debt monetization seen internationally will have to end and this may derail the fragile global economic recovery. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 October, 2009
Gold remained near unchanged in Asia, saw slight losses in London, and fell as much as $10.50 to $1031.50 by about 10AM EST in New York before it rebounded to see only slight losses by late morning, but it then fell back off in afternoon trade and ended with a loss of 0.63%. Silver saw almost 1% gains in Asia and traded near unchanged in London before it fell as much as $0.462 to $16.628 midmorning in New York and then also rebounded a bit midday, but it then fell back off in afternoon trade and ended near its new session low of $16.46 with a loss of 3.34%. Full Story
WHOLESALE GOLD dropped to a 3-week low as Asian stock markets fell hard early Tuesday, twice bouncing from $1037 an ounce as the US Dollar rose on the forex market. Full Story
Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after the People's Bank of China said that while the dollar may remain dominant, the share of the euro and the yen should increase in its foreign exchange reserves. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 October, 2009
Gold remained near unchanged in Asia and London before it rose to see a gain of $4.30 at as high as $1059.55 by a little after 10AM EST in New York, but it then fell back off for the rest of trade and ended near its low of $1040.20 with a loss of 1.26%. Silver followed a similar pattern and gained $0.08 to $17.76 before it also fell back off in the last few hours of trade and ended near its low of $17.00 with a loss of 3.34%. Full Story
THE PRICE OF GOLD gave back early gains in London on Monday, dipping below last week's all-time record finish versus the Dollar as European stock markets also gave back an early 1% rise. Full Story
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