By: Chris Mullen, Gold-Seeker.com - 31 August, 2012
Gold climbed up to $1663.47 in early New York trade before it dropped back to $1649.19 immediately after the text of Bernanke’s Jackson Hole speech was released, but it then rallied back higher for most of the rest of trade and ended with near its late session high of $1692.70 with a gain of 2.21%. Silver surged to as high as $31.745 and ended with a gain of 4.56%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 August, 2012
The last day of the week precedes the U.S. Labor Day holiday weekend with US markets shut on Monday. Will gold traders want to settle up and book-square before the speech to avoid being caught on the wrong side in a market with low liquidity should Mr. Bernanke surprise the financial markets with a bold statement favoring or quashing further easing prospects or will they see less risk in holding gold positions in the light of his strong statement saying he is ready to ease further if there is no evidence of “a substantial and sustainable strengthening in the pace of the economic recovery”? Full Story
WHOLESALE prices to buy gold bullion hovered close to $1660 an ounce Friday morning in London, around ten Dollars below where they started the week, while stock markets gained and US Treasuries sold off, ahead of today's much-anticipated speech by Federal Reserve chairman Ben Bernanke and Monday's Labor Day holiday in the US. Full Story
Gold is hovering today near the 4 ½ month high hit during the week as investors await the US Fed Chairman Ben Bernanke’s speech at 1400 GMT from the Jackson Hole Symposium. Bullion will benefit as an inflation hedge if Bernanke announces more bond buying and additional monetary stimulus measures for the US economy. However, there is the real possibility that Bernanke merely hints at more QE again today prior to launching QE in September. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 August, 2012
Gold climbed up to $1663.83 at about 9AM EST before it fell back to $1651.91 by late morning in New York, but it then bounced back higher into the close and ended with a loss of just 0.05%. Silver climbed to as high as $30.90 before it fell back to $30.215 and then also bounced back higher, but it still ended with a loss of 1.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 August, 2012
New York gold closed at $1,656.10. London opened at the same and held that level right up to the Fix. The euro is virtually unchanged at €1: $1,2557. The Fix was set at $1,657.00 and in the euro at €1,320.214. Ahead of New York’s opening the gold price stood at $1,655.80 and in the euro at €1,320.31. Full Story
WHOLESALE-MARKET prices to buy gold retreated Thursday morning in London, ticking back towards yesterday's 1-week low at $1653 per ounce as world stock markets also fell. Prices for silver bullion held steadier, trading just 10¢ below Monday's start at $30.70 per ounce. Full Story
Gold is mostly unchanged as investors gear up for the US Fed chairman, Ben Bernanke’s speech tomorrow. Market participants are focussed again on the short term and the silly “will he, won't he?” debate re Bernanke at the Jackson Hole symposium. Bernanke may again obfuscate and not give clear guidance regarding monetary policy and further QE. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 August, 2012
Gold edged up to $1669.83 in Asia before it fell back to $1653.02 by late morning in New York and then bounced back higher midday, but it then fell back off again in late trade and ended with a loss of 0.67%. Silver slipped to as low as $30.55 before it also rallied back higher at times, but it still ended with a loss of 0.58%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 August, 2012
New York gold closed at $1,667.20. Traders are driving the market in line with the moves of the euro: dollar exchange rate. The morning Fix was set at $1,664.25 and in the euro at €1,325.040, while the euro stood at $1.2560. Just ahead of New York’s opening, gold was steady at $1,664.26 in the middle and in the euro to €1,325.39. Full Story
WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning's London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers in the US and Europe. Full Story
Gold is hovering near its highest price level in four months due to safe haven demand on concerns about global economic growth and the unresolved euro debt crisis. The possibility of Ben Bernanke and Mario Draghi announcing further money printing and monetary easing is also supporting gold. The US Fed chairman speaks this Friday and may or may not choose Friday to announce QE3. However with a Fed meeting set for September, it is unclear when further stimulus measures will be announced. Full Story
Gold edged down to $1658.70 in Asia, but it then rose to as high as $1672.17 in New York and ended with a gain of 0.2%. Silver slipped to $30.588 in Asia, but it then rose to as high as $30.985 in New York and ended with a gain of 0.59%. Full Story
New York gold closed at $1,663.90. This reflected the pull back of the euro against the dollar. Asia and London held it there throughout the day. Just ahead of New York’s opening, gold was trying to rise again to $1,665.15 in the middle and in the euro to €1,327.00. Full Story
SPOT MARKET gold prices traded just above $1660 an ounce during Tuesday morning's London session, a few Dollars down on last week's close, while stocks and commodities were also broadly flat on the day and US Treasuries gained. Full Story
Gold edged off of its 4 month high as some participants may have decided to take profits ahead of the Jackson Hole Symposium on August 31st and September 1st. Market participants expect speeches by Bernanke to offer clues with regard to further QE or what it will in time be known as – counterfeiting. Full Story
Gold climbed up to $1676.74 in Asia, but it then fell back off in London and New York and ended with a loss of 0.35%. Silver surged to as high as $31.241 in Asia before it also fell back off, but it still ended with a gain of 0.03%. Full Story
Gold hit a high not seen since mid April on Monday, continuing the momentum from last week’s gains as investors expect further monetary stimulus from central banks and become increasingly concerned about inflation. Full Story
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