By: Chris Mullen, Gold-Seeker.com - 1 February, 2013
Gold jumped over 1% higher to a new session high of $1681.95 in the hour of trade following this morning’s jobs report before it fell back to see a slight loss at $1662.46 at about 10AM EST, but it then rallied back higher midday and ended with a gain of 0.18%. Silver surged to as high as $32.144 and ended with a gain of 1.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 February, 2013
In New York the gold price fell back to $1,664.80 continuing to consolidate, yesterday. In Asia it slipped a little to $1,663 and traded around that level in London’s morning where it Fixed at $1,665.00 and in the euro at €1,217.996 down €17, while the euro was $1.3670. Ahead of New York’s opening, gold was $1,666.40 and in the euro at €1,220.71. Full Story
THE U.S. DOLLAR gold price recovered some of its losses from the previous day Friday, edging higher to $1666 an ounce by the end of the morning in London, while most stock markets also edged higher ahead of US nonfarm payrolls data due out 08.30 Washington, DC time. Full Story
For the month, the falls yesterday led to gold being 0.4% lower in dollar terms in January. It was also lower in euro terms but eked out strong gains against the pound and Japanese yen both of which saw falls on international markets. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 January, 2013
Gold saw a $4 gain at $1680.50 in Asia, but it then fell to as low as $1657.85 in New York and ended with a loss of 0.7%. Silver slipped to as low as $31.092 and ended with a loss of 1.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 January, 2013
In New York the gold price recovered to $1,676.50, yesterday, up $14. In Asia it slipped a little to $1,677 and traded below that level in London’s morning where it Fixed at $1,674.5 up over $8 and in the euro at €1,234.882 up €4. The euro held the same level as yesterday at €1: $1.3556, despite the negative growth figures published yesterday in the U.S. Ahead of New York’s opening, gold was $1,674.65 and in the euro at €1,235.31. Full Story
The PRICE of GOLD held onto most of yesterday's $15 jump at $1676 per ounce Thursday morning in London, ticking back as Asian and European stock markets fell after Wednesday's surprise drop in US economic output figures. Full Story
Gold hovered nearly unchanged after surprise GDP figures showed that the U.S. economy contracted and the U.S. Federal Reserve maintained asset purchases. Platinum is on track for its most stellar month’s performance in a year. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 January, 2013
Gold rose $6 to $1668.70 in Asia before it fell to see a slight loss at $1661.60 by a little after 8AM EST, but it then climbed to as high as $1683.50 just after today’s fed announcement and the yellow metal and ended with a gain of 0.83%. Silver slipped to as low as $31.24 by a little after 8AM EST, but it then shot to as high as $32.24 and ended with a gain of 2.01%. Full Story
GOLD and silver jumped to 4-session highs above $1674 and $31.65 per ounce respectively Wednesday lunchtime in London, gaining as new data showed the US economy unexpectedly shrinking in late 2012. US stock-market indices held flat near 5-year highs, while the EuroStoxx 50 was unchanged near 18-month highs despite news that Spain's GDP shrank by 0.7% in the last 3 months of 2012. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 January, 2013
In New York the gold recovered to $1,662.70 yesterday. In Asia it tried to rise more then in London’s morning it Fixed at $1,666.25 up over $5 and in the euro at €1,230.704 down €4. The 5 bullion banks that Fix the price were all neutral at the Fix, netting out the buying and selling within their own clients. The euro strengthened through resistance to €1: $1.3556 against $1. Ahead of New York’s opening, gold was $1,665.65 and in the euro at €1,229.13. Full Story
Gold managed to hold firm after recovering from a 4 day slide on the likelihood that the U.S. Fed will continue with its ultra loose quantitative easing policy. The U.S. FOMC is expected to confirm in a statement at 1915 GMT that it will continue the $85 billion in monthly bond purchases until unemployment rates drop significantly. Even though some Fed officials and many market participants have expressed concern over the side effects from such measures. Full Story
The US dollar is weaker against the major currencies which should result in more gains for metals and energies. We have the Federal reserve meeting tonight and any hints that withdrawal of monetary easing will be delayed will result in more thrashing for the greenback. Between the previous Federal Reserve meeting and today’s Federal Reserve meeting, US economic numbers are mixed which suggest the Federal Reserve will use a cautious stance and not an aggressive monetary easing out policy. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 January, 2013
Gold climbed up to $1665.85 at about 9:30AM EST before it pared its gains a bit midday, but it still ended with a gain of 0.47%. Silver soared to as high as $31.47 and ended with a gain of 1.59%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 January, 2013
In New York the gold price pulled back $10 to $1,654.90 yesterday. In Asia it tried to climb back over $1,660 again before London opened. It Fixed at $1,660.50, up $4 and in the euro at €1,235.12. The euro weakened a little to €1: $1.3430 against $1. Ahead of New York’s opening, gold was $1,662.80 and in the euro at €1,238.08. Full Story
WHOLESALE Gold Bullion prices climbed back above $1660 an ounce Tuesday morning, broadly in line with where they ended last week, as stocks and commodities fell slightly and the Dollar ticked higher against the Euro ahead of tomorrow's interest rate decision from the US Federal Reserve. Full Story
Gold inched up on Tuesday as some investors judged the recent sell off overdone. Recent positive U.S. economic data is stirring misguided optimism of an economic recovery and may have led less aware investors to recently reduce allocations to gold. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 January, 2013
Gold edged up to $1662.30 in Asia before it fell back to $1651.78 by a little before 9AM EST, but it then bounced back higher in late morning New York trade and ended with a loss of just 0.24%. Silver climbed to $31.301 in Asia before it dropped back to $30.732, but it then pared its losses in afternoon trade and ended with a loss of just 1.09%. Full Story
Gold has started out on a weak footing with a fresh new low for the move and the lowest price on the charts since January 11th. One might have expected some pressure on gold prices from news overnight of increasing gold production from Russian Gold miner Polyus, as they predicted a double digit rise in 2012 gold output. Adding into the negative news from the Russian gold miner Polyus, were predictions from the company that 2013 gold production could rise by roughly 7%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 January, 2013
In New York the gold price pulled back $10 to $1,658.90 on Friday. In Asia on Monday it tried to climb back over $1,660 before London opened. Later in London’s morning it traded at where it Fixed at $1,656.75 down $13 on Friday morning70.25 and in the euro at €1,232.426 down €11. The euro strengthened to €1: $1.3446 against $1. Ahead of New York’s opening, gold was $1,655.45 and in the euro at €1,231.73. Full Story
THE U.S. DOLLAR gold price extended its losses from last week Monday, dipping to a near-three-week low below $1655 per ounce during London's morning trading, as stock markets ticked higher, with the FTSE 100 hitting its highest level since May 2008. Full Story
Gold was slightly lower on Monday, as the poor short term technical picture dimmed bullion’s safe haven appeal. European banks will repay more than 130 billion euros of crisis loans to the European Central Bank next week, making payments earlier than expected. European leaders still warned although the single currency has stabilized the crisis in Europe has not abated, noting it will take years to recover and highlighted the mass unemployment on the continent. The euro is now on an eleven month high verses the U.S. dollar. Full Story
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