Gold was down $5.00 to $795.20 per ounce in New York yesterday and silver was down 10 cents to $14.23 per ounce. Gold has again traded sideways to slightly up in Asia and European trading and is at $796.50 per ounce at 1200 GMT. Gold remains near record highs in euros, British pounds and other currencies and is trading at £385 GBP (down from £391) and €540 EUR (down from €547). Full Story
THE SPOT GOLD MARKET slipped from a small overnight bounce early in London on Friday, recording an AM Fix that was 5% below Monday's start as world equity markets rose on the promise of fresh interest-rate cuts from the US Fed. Full Story
Gold and silver December futures are expiring today. The next maturity in gold and silver will be different. Investors will position themselves for the next expiry. In December, the Fed interest rate will be the key. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 November, 2007
Gold rose to as high as $808.00 in Asia before it dropped to as low as $794.45 by midmorning in New York, but it then rallied back higher to $802.27 ahead of another drop into the close that left it near its earlier low with a loss of 0.62%. Silver climbed to $14.51 and fell to $14.14 before it rallied back higher to $14.343, but it also fell back off into the close and ended with a loss of 0.70%. Full Story
SPOT GOLD PRICES gave back an overnight bounce to $808 per ounce as the New York opening drew near on Thursday, trading just below last night's close at $802.50. Oil prices surged more than 4% after an explosion in Canada cut one-fifth of the United States' daily crude imports. US stock futures pointed lower. Full Story
November is coming to an end. Precious metals and base metals have traded in opposite direction. What next in December? In the first three weeks of December we expect precious metals, base metals and energies to rise. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 November, 2007
Gold fell in Asia and dropped to as low as $791.25 with an over $20 loss by early trade in London before it rebounded in later London and early New York trade to as high as $807.65 by a little before 10AM EST, but it then fell back off into the close and ended with a loss of 1.67%. Silver dropped to as low as $14.11 before it rallied to find a decent gain at as high as $14.547, but it also fell back off into the close and ended with a loss of 0.90%. At the time of writing both metals are seeing over 0.5% gains from their respective closes in after hours access trading. Full Story
Gold was down $12.50 to $813.80 per ounce in New York yesterday and silver was down 35 cents to $14.46 per ounce. Gold has continued to sell off in Asia and European trading and is at $797.50 per ounce at 1200 GMT. Gold remains near record highs in euro, British pounds and other currencies and is trading at £387 GBP (up from £401 on Monday) and €541 EUR (from €561 on Monday). Full Story
SPOT GOLD PRICES continued to plunge early Wednesday, bouncing off $792.50 as the Asian session ended – more than $43 per ounce (5.1%) below Monday's two-week top. Full Story
Everybody knows that gold will rise to $900 and may even be $1000 by the end of December. Silver is like a sleeping dragon and will rise to $1750 and $1900 by the end of December. Nothing official about it. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 November, 2007
Gold rose to as high as $829.20 in Asia before it fell throughout most of trade in London and New York and dropped to as low as $807.35 by about noon EST, but it did rebound a bit in afternoon trade and closed over $6 off its low with a loss of 1.51%. Silver dropped to as low as $14.28 by about noon EST, but it also rallied back higher in afternoon trade and ended over 1% off its low with a loss of 2.36%. Full Story
SPOT GOLD PRICES dived in the first-half of London trade on Tuesday, recording an AM Fix of $823.25 per ounce, some 1.4% below Monday's morning fix. The Gold Market then dropped as far as $817.20 as the US Dollar bounced on the currency markets, finding its floor nearly 2.2% below yesterday's early top. Full Story
Base metals have been knocked down in November over fears that a slowdown in global growth will result in lower demand in 2008. Zinc prices have fallen nearly fifty percent over the past one year. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 November, 2007
Gold traded slightly higher in Asia and rose to as high as $836.80 with a nearly 2% gain by early trade in London, but it then fell back off for most of the rest of trade and ended with a gain of just 0.57%. Silver rose to as high as $15.00 by early trade in London before it fell to as low as $14.59 by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.82%. Full Story
Gold surged $26.90 to $824.60 per ounce in New York on Friday and silver was up 35 cents to $14.74 per ounce. Gold's safe haven qualities were again in evidence and gold was up nearly 5% for the week. Gold has since moved upwards in Asia and European trading and is at $835.50 per ounce at 1200 GMT. Full Story
SPOT GOLD PRICES leapt in early trade Monday, gaining nearly 0.9% in the first hour of London trade to reach an 11-session high of $836 per ounce. For British investors, Gold Priced in Pounds Sterling broke a new all-time record high above £404 per ounce, gaining 6.9% from its three-week low of midnight last Monday. Full Story
Last Wednesday I had written that those who were going on holiday until Monday will dare not go short. I was right as gold, silver and other precious metals have risen sharply since then. Full Story
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