By: Chris Mullen, Gold-Seeker.com - 31 December, 2010
Gold steadily rose throughout most of world trade and ended near its last minute high of $1420.90 with a gain of 1.1% at a new all-time closing high. Silver followed a similar pattern and ended near its last minute high of $30.933 with a gain of 1.35% at a new 30-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 December, 2010
On the last day of 2010 we are seeing a gold price bettering last nights New York closing at $1,408 before London Fixed it at $1,410.25. The afternoon Fix was $5 lower at $1,405.5, but it held its € level at €1,055 in Europe. The dollar fell faster than the euro today at $1.3365 up from $1.32 yesterday. But the fall in the dollar in the Japanese Yen is now close to the bottom at Y81.29 close to the point that the Bank of Japan will intervene at. If it doesn’t then we expect to see a Y78 dollar. Full Story
THE PRICE OF GOLD ended 2010 with an AM London Gold Fix of $1410.25 per ounce on Friday, racking up its 11th consecutive annual gain vs. the world's major currencies. Bullion Vault's Global Gold Index – which measures the gold price in terms of the world's top 10 currencies, each weighted by the issuing economy's GDP – showed a rise of 29.9% for the year. Full Story
2010 was a year that many will be glad to see the back of due to the deepening of the global economic crisis and the ensuing financial and economic hardship visited upon many. Worst hit were the unfortunately named PIGS with Portugal, Spain and particularly Greece and Ireland suffering the wrath of the bond vigilantes, austerity measures and deepening economic crises. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 December, 2010
Gold saw a $2 gain at $1415 in Asia before it fell back off in London and morning New York trade to as low as $1402.15 by about noon EST, but it then rallied back higher in afternoon trade and ended with a loss of just 0.55%. Silver climbed over 1% to as high as $30.90 in Asia before it fell to as low as $30.295 by midday in New York, but it then rallied back higher into the close and ended with a loss of just 0.39%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 December, 2010
When markets are relatively quiet such as now, the trend pushes through. In the last day or two we have seen the dollar and the euro slip to new lows against the Japanese yen, the Swiss franc and in the emerging world the South Africa rand. Against each other the euro and the dollar have been fallen at different speeds, overtaking each other in turn, but at the end of the day at $1.3245 the changes are slight. Full Story
THE PRICE OF GOLD rose further for Dollar investors in Asian and London trade on Thursday, but edged back from yesterday's new all-time highs vs. the Euro and Sterling as the US currency slipped on the forex market. Full Story
The final week of 2010 has seen a continuation of trends seen in markets throughout the year with equities and commodities continuing to rise. Investors increasingly wary of inflation are pushing commodity prices – particularly metals – higher, with copper hitting a new record nominal high, palladium reaching a nine-year high and silver at a new 30-year record nominal high at $30.90/oz (€23.25/oz and £19.86/oz). Full Story
By: Chris Mullen, Gold-Seeker.com - 29 December, 2010
Gold climbed $4.35 to $1409.05 in Asia before it fell to see a $4 loss at $1400.70 in London, but it then rallied back higher for most of trade in New York and ended near its early afternoon high of $1413.99 with a gain of 0.59%. Silver followed a similar pattern and ended near its early afternoon high of $30.664 with a gain of 1.09% at a new 30-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 December, 2010
The media reports that the Japanese yen and the Swiss franc are moving to new peaks today. In fact the euro, the U.S. dollar and sterling are falling to lows against these currencies. Gold in turn is holding above $1,400 having Fixed at $1,403.50 and €1,069.90 and reaching a ‘new high’ in sterling at £912.43 this London morning. Full Story
THE PRICE OF GOLD held above $1400 per ounce for Dollar investors in London trade on Wednesday morning, gaining more than 24% from the start of 2010 despite this year's strong recovery in the US currency's forex value. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 December, 2010
Gold climbed higher throughout most of world trade and ended near its early afternoon high of $1406.15 with a gain of 1.62%. Silver climbed to as high as $30.313 and closed with a gain of 3.45%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 December, 2010
On 28th December both Asia and London took the price up over $1,390, but only rose €2 in Europe. It then continued to rise through to New York’s opening after which it rebounded through $1,400. So much for the fall during the festive season. The Japanese Yen and the Swiss Franc showed the fall in the dollar and the euro. Gold also rose in the euro to reach €1,62 again. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 December, 2010
Gold fell $10 to $1371.20 in early Asian trade before it rebounded to see a $5.18 gain at $1386.38 and next fell back to $1377.69 by a little after noon EST, but it then rallied back higher in the last hour of trade and ended with a gain of 0.08%. Silver fell to $28.74 and climbed to $29.31 before it dropped back to $29.03 by a little after 8AM EST, but it also rallied back higher in New York and ended with a loss of just 0.34%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 26 December, 2010
Ahead of the Christmas break both Asia and London are quiet with the gold price holding, but barely moving. The morning Fix in London is an eye opener, Fixing at $1,380.50 but in the euro at €1,062.61 €11 higher than yesterday’s Fix. This equals the peak level of gold in the euro. The tendency of the market is to strengthen not to fall as many believed it would. The fundamentals have not changed, with demand coming from the east in the main as the west focuses on other things. Full Story
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