By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 November, 2013
Gold closed slightly weaker at $1,323.50 down $19.30 in New York on Thursday. Asia held it at that level before London took it down to as the euro weakened further and the dollar rose with dealers following these in thin trade. It Fixed at $1,314.75 down another $19.00 over yesterday’s Fix. In the euro it Fixed at €971.729 down only €4.0 over yesterday’s Fixing. Ahead of New York’s opening gold stood at $1,323.30 and in the euro at €974.34, while the dollar stood at $1.3581: €1. Full Story
Gold was down 0.2% in October and after two weeks of consecutive gains, gold is headed for a 2% weekly drop. This has turned the short term technical picture negative once again. However, the months from November to February have seen strong gains in recent years, and this in conjunction, with the strong fundamentals should be positive for gold. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 October, 2013
Gold fell to as low as $1319.15 by early afternoon in New York before it bounced back higher, but it still ended with a loss of 1.44%. Silver slipped to as low as $21.788 and ended with a loss of 3.53%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 October, 2013
Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in the euro at €977.19, while the dollar stood at $1.3637: €1. Full Story
WHOLESALE prices of gold and silver extended yesterday's sharp falls in London trade Thursday morning, as world stock markets also fell following the US Federal Reserve's latest policy statement. Changing neither the US Dollar's zero interest rate or $85 billion of monthly asset purchases, "Fiscal policy is restraining economic growth...Inflation has been running below the Committee's longer-run objective," the central bank said Wednesday. Full Story
Despite a slight drop in physical demand from China in recent days, physical gold demand remains robust in India, the Middle East and amongst coin buyers in western markets. Demand for gold in the Middle East remains robust and there has been an eightfold increase or 700% increase in demand in recent years. Geopolitical uncertainty in the region, from Libya to Egypt to Syria and Iraq and Iran is leading to demand for bullion. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 October, 2013
Gold dipped $5.55 to $1339.05 in early Asian trade before it climbed to as high as $1359.42 at about 10AM EST and then dropped back under $1335 at about 2:30PM, but it then rallied back higher in last hour and a half of trade and ended with a loss of just 0.13%. Silver surged to as high as $23.065 before it also fell back off, but it still ended with a gain of 0.89%. Full Story
BOTH gold and silver rose Wednesday lunchtime in London, as the day's widely-expected "no change" decision from the US Federal Reserve was preceded by weak US data. The private-sector ADP Payrolls report said the US economy added only 130,000 jobs last month, rather than the 150,000 analysts forecast. US inflation also lagged consensus forecasts, as did Germany's consumer price index, which showed a 0.2% fall this month from September. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 October, 2013
Gold closed stronger at $1,344.60 down $8.40 in New York on Tuesday. Asia lifted it $2 and London lifted close to $1,350 ahead of the Fix, where it was set at $1,349.50 up $2.50 over yesterday’s Fix. In the euro it Fixed at €980.813 up €2.0 over yesterday’s Fixing as the dollar vacillated. Ahead of New York’s opening gold stood at $1,350.20 and in the euro at €981.11, while the dollar stood at $1.3762: €1. Full Story
Gold prices in China closed lower than global prices yesterday for the first time this year. This may be due to a slight decrease in demand in recent days. There was also speculation that this was due to fears of a credit tightening and the possibility of a credit crisis in China. Indian premiums stayed near record highs at $130 per ounce due to a supply crunch and supply shortages. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 October, 2013
Gold popped back above $1360 in early Asian trade before it fell back to $1340.56 by a little before 4AM EST and then bounced back higher in New York, but it still ended with a loss of 0.62%. Silver slipped to as low as $22.281 in late Asian trade, but it then climbed to as high as $22.598 in New York and ended with a gain of 0.04%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 October, 2013
Gold closed stronger at $1,353.00 up $1.50 in New York on Monday. Asia tended slightly stronger and London dropped it $6.25 ahead of the Fix, where it was set at $1,346.75 over yesterday’s Fix. In the euro it Fixed at €978.814 up €0.5 over yesterday’s Fixing as the dollar strengthened slightly. Ahead of New York’s opening gold stood at $1,344.55 and in the euro at €976.93, while the dollar stood at $1.3763: €1. Full Story
The PRICE of London settled gold bounced to $1348 per ounce Tuesday morning, halving an earlier 0.9% drop after China's most active gold contract closed below that world benchmark for the first time in 2013. Overnight trade was "very dull" according to one dealing desk. Dollar gold then dropped $12 per ounce in 10 minutes, hitting a low of $1341 – some 1.5% beneath Monday's new 5-week high. Full Story
Gold for immediate delivery gained as much as 0.6% to $1,360.76/oz, prior to a sharp bout of concentrated selling just before European markets opened at 0800 GMT, that saw gold fall to just above $1,340/oz. Gold had been near the highest level in five weeks after U.S. economic data showed how weak the U.S. economy remains leading to concerns that the Fed will continue with ultra loose monetary policies. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 October, 2013
Gold fell $5.30 to $1346.20 in late Asian trade before it climbed to as high as $1361.68 at about 11AM EST and then fell back to $1351.50 in the next few hours of trade, but it still ended with a gain of 0.11%. Silver slipped to $22.34 in early Asian trade before it rose to as high as $22.69 at about 5AM, but it then fell back off into the close and ended with a loss of 0.22%. Full Story
WHOLESALE London prices of gold sat tight Monday morning, holding onto Friday's 6-week closing high as European stock markets failed to continue a rise in Asian shares. Silver was unchanged with commodities, major government bonds and gold, sitting at $22.58 per ounce by lunchtime. The US Dollar rallied after hitting a new 9-month low on its trade-weighted index against major competitor currencies. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 October, 2013
Gold closed stronger at $1,351.50 up $6.10 in New York on Friday. Asia held it there and London dropped it $4 ahead of the Fix, where it was set at $1,351.00 up $9.25 over Friday’s Fix. In the euro it Fixed at €978.28 up €6.25 over Friday’s Fixing. Ahead of New York’s opening gold stood at $1,351.5 and in the euro at €979.77, while the dollar stood at $1.3794: €1. Full Story
The content on this site is protected
by U.S. and international copyright laws and is the property of GoldSeek.com
and/or the providers of the content under license. By "content" we mean any
information, mode of expression, or other materials and services found on GoldSeek.com.
This includes editorials, news, our writings, graphics, and any and all other
features found on the site. Please contact
us for any further information.
Live GoldSeek Visitor Map | Disclaimer
The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy
or completeness of the information (including news, editorials, prices, statistics,
analyses and the like) provided through its service. Any copying, reproduction
and/or redistribution of any of the documents, data, content or materials contained
on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC,
is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be
liable to any person for any decision made or action taken in reliance upon
the information provided herein.
