Gold fell to as low as $1478.05 by midmorning in New York before it rallied back higher in the last few hours of trade, but it still ended with a loss of 1.28%. Silver slumped to as low as $33.441 before it also bounced back higher, but it still ended with a loss of 2.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 July, 2011
Suddenly the gold price has fallen in the euro and the dollar at the opening of business in London. The gold price sank to $1,492, Fixing at $1,492.75 before slipping further during London’s morning to $1,489. In the euro gold Fixed lower at €1,027.71 down from €1,044 yesterday. It seems that the sell-off was due to the relief that Europe is not collapsing on the back of Greece. Full Story
THE U.S. DOLLAR spot price of gold bullion slumped to a one-month low of $1489 per ounce Friday morning London time – 5.5% down on May's all-time high – as stocks gained and commodities fell. Full Story
Gold lost ground yesterday and is weak again this morning. The risk trade gathered strength as traders took a bullish view on the global outlook. Greek progress outweighed concerns over China's slow down in manufacturing, as represented by the Chinese Purchasing Managers Index's lowest number in 20 months. Full Story
Gold saw slight gains in Asia, but it then dipped in London and New York and ended with a loss of 0.54%. Silver dropped to as low as $34.43 in midmorning New york trade before it bounced back higher in the last few hours of trade, but it still ended with a loss of 0.4%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 June, 2011
Asia again lifted the gold price to over $1,513 and also took the euro to €1: $1.45 before London opened. The euro pulled back slightly to €1: $1.4375 during London’s morning. At the morning Fix in London it Fixed at $1,508.00 and in the euro, lower at €1,041.08. Full Story
THE U.S. DOLLAR gold price rose to $1512 an ounce Thursday morning London time – a 0.7% gain on the week so far – before falling back towards lunchtime, as stocks held flat and commodities fell ahead of the second Greek austerity vote. Full Story
The risk trade is on again, gold holds steady and may even be about to falter. The European Union's Financial Cavalry have saved the world from the evil Greek mobs by lending more money yet again. ......... Don't believe a word of it! Full Story
Gold climbed $10.35 to $1510.15 in London before it fell back to $1502.90 by about 10AM EST, but it then rose to a new session high of $1512.79 by late morning in New York and ended with a gain of 0.69%. Silver surged to as high as $34.415 by a little before 7AM before it also pared it gains a bit in early New York trade, but it then rose to a new session high of $34.872 by midday and ended with a gain of 3.39%. Full Story
We begin a new quarter on Friday. This quarter has been marked by higher food prices and energy prices which has a lagging effect on the global economy. This will result in lower global growth this quarter and losses in base metals and energies. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 June, 2011
Asia pulled the gold price up even more to $1,507, with the euro holding above €1: $1.4394 level throughout London’s morning. At the morning Fix in London it Fixed at $1,506.00. In the euro it was Fixed lower at €1,046.85. Full Story
THE PRICE to buy gold rose to $1510 an ounce Wednesday morning London time – a 0.5% gain on the week – while stocks and commodities also gained and US Treasury bonds fell ahead of the Greek austerity vote. Full Story
Gold is higher again today as the Greek debt crisis and continuing strong demand from Asia continues to support prices. The euro is surprisingly firm with the U.S. dollar, Japanese yen and Swiss franc under pressure. Risk appetite remains high with commodities, Asian and European equities higher and peripheral bond markets have received a bid and seen yields fall due to optimism on the Greek vote. Full Story
Gold climbed to $1503.60 in London before it fell to see a 7 cent loss at $1495.73 by about 10AM EST, but it then rose to a new session high of $1506.20 in the next hour of trade and ended with a gain of 0.2%. Silver surged to $34.123 in early London trade before it fell back to $33.532 in midmorning New York trade, but it then rallied back higher midday and ended with a gain of 0.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 June, 2011
Asia pulled the gold price up back to $1,499, with the euro holding above €1: $1.42 level throughout London’s morning. At the morning Fix in London it was lifted higher to Fix at $1,502.50. Thereafter, it slipped slightly to hold around $1.501.85 until New York opened. In the euro it was Fixed lower at €1,052.32. These movements are not significant and should be seen as part of the consolidation phase, awaiting clear direction. Full Story
U.S. DOLLAR prices for gold bullion rallied Tuesday morning London time, hitting $1503 an ounce – just above last Friday's closing price – as stocks were mixed and commodities and US Treasury bonds gained after President Obama held meetings on the debt ceiling. Full Story
Gold is marginally higher in all currencies and 0.7% higher in sterling after a downward revision of UK GDP from 1.8% to 1.6% growth saw sterling decline. Stagflation appears to be taking hold in the UK with soaring food and energy costs eroding household incomes and economic growth continuing to decline. Full Story
Gold waffled between modest gains and losses in Asia and London before it ultimately fell to as low as $1491.11 in New York and ended with a loss of 0.33%. Silver fell to as low as $33.368 and ended with a loss of 3.48%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 June, 2011
The week started with gold falling to $1,492 ahead of London’s opening. London took it back to $1,501 where it was Fixed, $20 lower than Friday and remained up until New York opened. New York, as usual took the gold price down but not by so much, to $1,497.5. The dollar against the euro remained pretty steady in its recent trading range at €1: $1.4206 before the euro slipped to €1: $1.4175. However, in the euro the gold price fell to €1,056.37 as New York opened, still within its recent trading range. Full Story
A HEAVY selloff during Asian trading on Monday saw the gold price hit a five-week low of $1492 an ounce – before staging a rally after London opened – while stocks were flat and commodities fell further. Full Story
Gold is mixed today after last week’s 2.4% fall. The short term trend remains negative but medium and long fundamentals remain supportive as do the very challenging and risky macro, sovereign debt and currency environment. Physical buying remains strong at the $1500 level with premiums for gold bullion bars higher in Singapore and Hong Kong. Full Story
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