By: Chris Mullen, Gold-Seeker.com - 30 November, 2012
Gold gained $6 to $1731.60 in Asia, but it then fell to as low as $1708.39 in New York and ended with a loss of 0.72%. Silver slumped to as low as $33.151 and ended with a loss of 2.43%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 November, 2012
New York closed at $1,726.6 up over $7 on yesterday. This morning, Asian and London dealers continued to see a recovery into the mid $1.730 area. It was Fixed at $1,728.25 up nearly $4 on yesterday’s Fix. In the euro it was Fixed at €1,329.525 up nearly €2 down from yesterday while the euro was slightly stronger at €1: $1.2999. Ahead of New York’s opening, gold was almost the same at $1,729.55 and in the euro at €1,330.06. Full Story
GOLD PRICES rose back to $1730 per ounce in early London trade on Friday – the same level seen just before last week's late jump and subsequent 2.0% sell-off on Wednesday. Silver touched a new 8-week high just shy of $34.40 per ounce, while the broader commodities market ticked lower. Full Story
Gold inched up on Friday, but prices saw their largest weekly drop since the beginning of November as the unease of the talks on the US fiscal cliff continue to weigh on sentiment. Republican Speaker of the House, John Boehner said yesterday that the fiscal cliff talks made little progress, dampening the flame of optimism that he lit on Wednesday. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 November, 2012
Gold edged down to $1717.25 in Asia, but it then rose to as high as $1728.23 in New York and ended with a gain of 0.37%. Silver slipped to as low as $33.51 in Asia, but it then jumped to as high as $34.36 in New York and ended with a gain of 1.51%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 November, 2012
New York closed at $1,719.20$10 down on yesterday. But yesterday saw it fall down to nearly $1,700 [see below] before recovering. This morning, Asian and London dealers continued to see a recovery into the mid $1.724 area. It was Fixed at $1,724.50 down $10 on yesterday’s Fix. In the euro it was Fixed at €1,327.560 nearly €20 down from yesterday while the euro was slightly stronger at €1: $1.2990. Ahead of New York’s opening, gold was almost the same at $1,723.90 and in the euro at €1,327.92. Full Story
WHOLESALE gold bullion prices rose to $1725 an ounce Thursday morning, recovering some ground after yesterday's sharp drop during US trading, as stocks, commodities and the Euro also gained and US Treasury bond prices fell. Full Story
Gold recovered somewhat overnight in Asia and again today in Europe despite the sharp selling seen on the COMEX yesterday. As ever, it is very difficult to pinpoint exactly why gold and all precious metals fell in price. Interestingly, oil fell by even more - NYMEX crude was down by 1% and was down by more than 1.7% at one stage. Full Story
Speculation that the US fiscal cliff issue could be resolved resulted in gold and silver paring most of their losses. There will be big moves like yesterday triggering all stop losses as long as the US fiscal issue is not formally resolved. Greece issue is now temporarily over. Focus will shift to the global economy for the next three weeks after which traders will go to Christmas vacations. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 November, 2012
Gold fell to as low as $1705.64 by a little before 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 1.27%. Silver slipped to as low as $32.919 before it also rallied back higher, but it still ended with a loss of 0.91%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 November, 2012
New York closed at $1,741.30 down $7.10. This morning, Asian and London dealers took the price down slightly alongside a declining euro ahead of London’s opening. It was Fixed at $1,741.00 down $6.25 on yesterday morning’s Fix. In the euro it was Fixed at €1,347.002 down €2.5, while the euro was slightly weaker at €1: $1.2925. Ahead of New York’s opening, gold was weaker at $1,738.75 and in the euro at €1,347.55. Full Story
THE DOLLAR gold price fell to a one-week low below $1735 per ounce Wednesday, as stocks and commodities also edged lower while the Dollar and US Treasuries gained despite ongoing uncertainty over how the US will address its deficit problems. Full Story
Gold prices will rise in 2013 Citi has said and gold remains one of their favoured commodities. Despite some investors turning less bullish on gold, Citi continues to be bullish on gold in 2013. President Obama's victory was expected to be positive for gold since it would benefit from "a continuation of dovish monetary policy". Gold prices have also been supported by central bank gold purchases. Moreover muted gold demand in India is expected to have picked up during Diwali. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 November, 2012
Gold saw modest gains in Asia, but it then chopped back lower for most of the rest of trade and ended near its last minute low of $1739.95 with a loss of 0.41%. Silver slipped to as low as $33.92 and ended with a loss of 0.23%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 November, 2012
New York closed at $1,748.40 up nearly $20 on last week. This morning, Asian and London dealers held the price at yesterday’s levels of $1,748 ahead of London’s opening. It was Fixed at $1,747.25 down $3.25 on yesterday afternoon. In the euro it was Fixed at €1,349.540 almost the same as yesterday in very thin trading, while the euro was slightly stronger at €1: $1.2947. Ahead of New York’s opening, gold was almost the same at $1,746.75 and in the euro at €1,348.63. Full Story
THE DOLLAR gold price fell below $1750 an ounce Tuesday morning, though it remained near to where it started the week, as stock markets recovered yesterday's losses following news of a deal on Greece's debt burden. Full Story
Gold moved slightly upward today after Greece’s creditors reached a new bailout deal, which will help fund emergency aid for Athens. The 34.4 billion euro in aid plus reducing interest rates on the bailout loans expect to cut Greek debt to 124% of GDP. The interest rates have been dropped to 50 basis points above the interbank rate so countries like Italy and Spain will be lending at a loss. Full Story
European finance ministers cut Greece’s interest rates and gave it more time to pay back rescue loans while dismissing for now calls for debt relief that may be needed to keep the country afloat over the longer term. Greece has been given the aid it needs and it will be short term gains for the euro against the US dollar and other major currencies but in 2013 Greece, Italy and others will resurface and that can result in sharp losses for the euro. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 November, 2012
Gold fell $5.86 to $1745.14 by a little before 5AM EST before it climbed up to $1752.27 and then fell back near its earlier low in morning New York trade, but it then bounced back higher in afternoon trade and ended with a gain of 0.07%. Silver slipped to $33.88 before it rose to $34.20 and then also fell back off in morning New York trade, but it then rose to as high as $34.16 in afternoon trade and ended with a gain of 0.12%. Full Story
U.S. DOLLAR prices to buy gold fell back below $1750 an ounce, a few Dollars below where they closed last week following Friday's rally, while stocks and commodities also edged lower and US Treasuries gained ahead of further discussion on Greece at today's meeting of Euro finance ministers. Full Story
Gold edged down on a Monday as speculators took their profits as prices rallied on thin volumes on Friday to their highest in a month on technical buying. A strong fall in the greenback triggered rapid gains in commodities and options-related buying on Friday. Full Story
Central bank buying of gold has been the key theme for the rise for the past decade. Let’s not forget that most central banks will increase their gold reserves over the coming years. The present is that we live in an unstable world where there is no real political unity in Europe, we live in a hypothetical paper world where everything is more virtual and less real, the US economy and the Japanese economy are sowing their own economic grave by following zero interest rate policy. Full Story
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