By: Chris Mullen, Gold-Seeker.com - 30 August, 2013
Gold fell $14.78 to $1392.32 at about 9:30AM EST before it chopped back higher at times, but it still ended with a loss of 0.91%. Silver slipped to as low as $23.37 and ended with a loss of 1.76%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 August, 2013
New York closed at $1,407.10 down $8.60 on Thursday. Asia took it higher to $1,410 ahead of London’s opening. But London then smacked it down to $1,396 before it was Fixed at $1,392.75 down $13.50 and in the euro at €1,051.847 down just over €8.00. Ahead of New York’s opening gold was trading at $1,395.45 and in the euro at €1,054.05. Full Story
The PRICE of gold fell $15 in London trade Friday morning, reversing the last of the week's 2.5% gain to sit flat at $1395 per ounce. Silver had already slipped, and then also fell hard as London opened for business, dipping below $23.50 per ounce. Full Story
Gold is set for its second consecutive higher monthly close which is bullish from a momentum and technical perspective. Gold is nearly 5% higher for the month in dollars and euros, 2.5% in pounds and 12% in rupees after the rupee collapsed in August. Full Story
The GDP numbers from the USA suggest that tapering will be in place next month. The developments in Syria are mixed for the USA as the UK parliament has rejected taking part in Syrian attacks while France has called for a delay in attack on Syria. In my view there will be an armed attack on Syria on some pretext or the other. There are no doubts over the same. The Syrian uncertainty along with a Monday’s Labor Day holiday in the USA will prevent traders from going short in gold and silver over the weekend. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 August, 2013
Gold fell $11.12 to $1404.58 in Asia before it climbed back to $1416.10 at about 8:30AM EST and then dropped back to $1402.70 in the next couple of hours of trade, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.61%. Silver slipped to as low as $23.65 ended with a loss of 1.81%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 August, 2013
New York closed at $1,415.70 up 70 cents on Wednesday. Asia took it lower to $1,409.15 ahead of London’s opening. The gold price was Fixed at $1,406.25 down $19.25 and in the euro at €1,059.961 down just over €6.00. Ahead of New York’s opening gold was trading at $1,411.15 and in the euro at €1,064.90. Full Story
BENCHMARK physical gold prices retreated 2% from yesterday's 3-month high of $1433 per ounce early Thursday in London, hitting $1405 per ounce before rallying $10 and shrugging off a stronger-than-expected revision to US economic growth. Full Story
Gold fell from a three month high, its first fall in six days on profit taking after the likelihood of U.S. military strikes on Syria, at least in the short term, diminished. Prices rallied to $1,433.83 yesterday, the highest since May 14, partly due to concern about military action and the risk that it may lead to a deeper, more protracted Middle Eastern war. Full Story
The economic consequences of a sustained war with Syria will be far greater for the global economy. Asian nations are on a downward growth spiral and higher crude oil prices (caused due to Syria) will act as a further drag on Asian economic growth and global economic growth. The USA and its NATO allies must think of the economic consequences before initiating any use of force against Syria. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 August, 2013
Gold climbed $17.80 to $1433.30 at about 2:15AM EST, but it then drifted back lower for most of the rest of trade and ended with a gain of just 0.014%. Silver surged to as high as $25.095 before it also fell back off and ended with a loss of 0.7%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 August, 2013
New York closed at $1,415.50 up $13.10 on Tuesday. Asia took it higher to $1,433.00 ahead of London’s opening. The gold price was Fixed at $1,425.50 up $14.50 and in the euro at €1,066.034 up €8.50. Ahead of New York’s opening gold was trading at $1,425.30 and in the euro at €1,068.08. Full Story
The WHOLESALE price of gold touched its highest level since mid-May in London Wednesday morning, trading briefly at $1433 per ounce before edging $10 lower as European stock markets extended yesterday's losses. US crude oil added another 1.2% to hit 2-year highs above $110 per barrel, while silver prices touched $25 per ounce – the best level since this April's gold crash, when the white metal dropped $4 in two days. Full Story
Gold and silver are higher in all currencies today. The rupee sharp falls continue and it fell the most in 20 years overnight and gold reached new record highs in the rupee. Safe haven demand has returned due to concerns that military action against Syria could lead to a war in the already very unstable Middle East which could result in much higher oil prices and impact the already fragile global economy. Full Story
The timing of the proposed attack on Syria by the USA and NATO allies is spectacular. The US economy is growing while the Eurozone and UK economies seem to have formed a long term bottom and Asia and rest of the world economies are in a near crisis like situation. There will not be any major opposition to an attack in Syria either from the people of the USA and other world leaders. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 August, 2013
Gold climbed $20.83 to as high as $1423.23 at about 10:30AM EST before it drifted back lower into the close, but it still ended with a gain of 0.93%. Silver surged to as high as $24.681 before it also fell back off, but it still ended with a gain of 0.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 August, 2013
New York closed at $1,402.40 up $6.10 on Monday. Asia held it there and London took it higher to $1,412.40 ahead of the Fix. The gold price was Fixed at $1,411.00 and in the euro at €1,057.80. Ahead of New York’s opening gold was trading at $1,411.40 and in the euro at €1,057.78. Full Story
WHOLESALE GOLD jumped to new 3-month highs as London traders returned from the August Bank Holiday on Tuesday, rising above $1418 per ounce as world stock markets fell. Commodities also rose, erasing the last of their summer drop alongside precious metals, whilst major government bonds ticked higher, edging interest rates back down from their recent two-year highs. Full Story
Gold is being supported by central bank gold buying and very weak U.S. data yesterday. Further support is coming from concerns about emerging market currencies and increasing geopolitical risk due to tensions between the U.S. and Russia over Syria. Full Story
By: Chris Mullen, Gold-Seeker.com - 26 August, 2013
Gold jumped up to $1407.00 at the open of access trade last night before it fell back to $1389.79 at about 12:20PM EST, but it then rallied back higher in afternoon trade and ended with a gain of 0.44%. Silver slipped to $23.88 at about 8AM EST, but it then surged to as high as $24.401 and ended with a gain of 1.33%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 August, 2013
Gold Today –New York closed at $1,396.30 up $21.70 on Friday. Asia held it there and at the time of writing the gold price stood at $1,394.20. London is closed today. Silver Today – Silver closed at $23.98 up 92 cents in New York on Friday. Ahead of New York’s opening it traded at $24.02. Full Story
Gold spiked higher on the open in Asia but prices were capped with aggressive and determined selling at the $1,405/oz level. Gold in India remains well bid and premiums have risen to $35 per ounce over London spot prices due to a lack of supply and very robust demand. Full Story
The bullion industry has given us everything. This industry is bleeding after the Indian government has put curbs on gold imports. The Newton law of motion that “every action has an equal and opposite reaction” has resulted in reduced gold imports into India and unorganized workers working in the gold jewellery manufacturing sector on the verge of layoffs. The objective here is to open the eyes of the readers and also give back to this sector when they have given us everything. Full Story
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