By: Chris Mullen, Gold-Seeker.com - 1 October, 2010
Gold rose to a new all-time high of $1320.37 by a little after 10AM EST before it fell back off a bit into the close, but it still ended with a gain of 0.67% at a new all-time closing high. Silver climbed to a new 30-year high of $22.14 before it also fell back off a bit, but it still ended with a gain of 1.19%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 October, 2010
Both Asia and London held the gold price at yesterday’s morning Fix level this morning. The gold Fix came in at $1,313.00 ahead of New York. Gold then slowly took out the last record high moved up ahead of New York. New York may well be livelier than London. Full Story
THE PRICE OF GOLD rallied further from yesterday's 1.4% drop in London on Friday, recording another record-high Gold Fix at $1313 – and then rising to $1320 an ounce – as the Euro currency hit 7-month highs to the Dollar and Western stock markets rose. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 September, 2010
Gold rose to a new all-time high of $1315.68 at about 9AM EST before it fell to as low as $1295.90 by late morning in New York, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.08%. Silver climbed to a new 30-year high of $22.07 before it fell to as low as $21.532 and then also climbed back higher, but it still ended with a loss of 0.64%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 September, 2010
Spanish Sovereign Debt was downgraded to Aa1 from AAA. On top of that we were given the news that the capital injection for nationalized Anglo Irish Bank could surpass $40 billion. The government of Ireland is taking it over using up so much of its credit capacities. Full Story
THE PRICE OF WHOLESALE gold bullion touched yet another all-time high against the Dollar in London on Thursday, breaking $1315 an ounce as the US currency slid once more on the forex market before easing back. Full Story
Gold has rallied to new record highs in early New York trading again today due to continuing nervousness in markets and much uncertainty about the economic outlook for the coming months. Equity markets are mixed, oil is back over $78 a barrel but most importantly the dollar continues to fall in value against most currencies and especially gold. Full Story
I must admit the third quarter has been one of the best quarters for financial markets as stocks and commodities all rose in tandem. There has been a general rise in investor risk appetite as interest rates are expected to be stable and money supply remained high with chances of an even increase in money supply. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 September, 2010
Gold climbed to a new all-time high of $1313.15 in Asia before it fell to see a slight loss at $1305.00 by about 8:35AM EST, but it then rallied back higher for most of the rest of trade and ended near its earlier high with a gain of 0.14%. Silver surged to $21.988 in Asia and fell to $21.667 in London before it also rallied back higher and ended near its New York high of $21.97 with a gain of 1.01%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 September, 2010
While we are seeing new record prices, there are no new fundamentals in the precious metal markets. The rise is a continuation of the change of current and tides as the picture for currencies and their values continues to decay. We are now talking reliable means of valuing assets and in particular those global ones called gold and silver. Full Story
A weaker US dollar along with a technical break out resulted in gold and silver rising while copper and other base metals remained firm. Investors are in a dilemma as Europe, UK and Japan economic zones are all in stimulus package mode. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 September, 2010
Gold fell over 1% to as low as $1282.70 in Asia, but it then jumped back higher in midmorning New York trade and ended near its late session new all-time high of $1309.80 with a gain of 0.79%. Silver fell to as low as $21.022 in Asia before it climbed to a new 30 year high of $21.74 in afternoon New York trade and closed with a gain of 1.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 September, 2010
New York took the gold price down to $1,292 where it stayed overnight. London’s morning did little to that price before the Fix. But then, at the Fix the price declined to Fix at $1,289 where it hovers ahead of New York’s opening. The market appears distracted by the $: € exchange rate as the Euro is falling, but so is the Dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 27 September, 2010
Gold rose to a new all-time high of $1299.93 in Asia before it fell to as low as $1294.50 by about 10:30AM EST, but it then bounced back higher in the last few hours of trade and ended with a gain of 0.05% at a new all-time closing high. Silver climbed to a new 30-year high of $21.615 in Asia before it fell to as low as $21.31 by about 10:30AM EST, but it then bounced back higher in the last few hours of trade and ended with a gain of 0.28%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 27 September, 2010
On Friday afternoon gold was Fixed at $1,297, this morning it was Fixed at $1,298.25. Again, we are seeing major buyers with ‘limit orders’ looking for quantity and not chasing prices, controlling the gold price. The psychological effect of $1.300 is a factor in profit-seeking investors hesitation. Full Story
Spot Gold Prices broke above $1300 an ounce early in London trade on Monday, pulling silver to new 30-year highs above $21.60 as world stock markets crept higher. US crude oil contracts held north of $76 per barrel while the US Dollar recovered from new 5-month lows to the Euro, hit overnight in Asian trade. Full Story
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