By: Chris Mullen, Gold-Seeker.com - 2 December, 2011
Gold climbed $18.41 to as high as $1762.31 by about 8:30AM EST before it fell all the way back to $1741.60 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.12%. Silver rose to as high as $33.655 in early New York trade, but it then fell back off for most of the rest of the day and ended with a loss of 0.55%. Full Story
U.S.DOLLAR Gold Bullion prices eased back from a week's high of $1760 an ounce Friday lunchtime in London – straight after the publication of US jobs data – before appearing to bounce off $1750. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 December, 2011
Asia held the gold price at below the London Fixing of $1,752 at $1,746 before London opened. It held there through London’s early morning ahead of the Fix, which was then set higher than the market at $1,751 a dollar down on yesterday’s p.m. Fixing. In the euro it was Fixed at €1,298.287 while the euro stood at€1: $1.3487. Again, the London Fixing continues to dominate the gold price. Ahead of New York’s opening gold stood at $1,757.00 and in the euro at €1,297.38. Full Story
Gold is trading at USD 1,752.90, EUR 1,298.30, GBP 1,116.10, CHF 1,604, JPY 136,700 and AUD 1,706.4 per ounce. Gold’s London AM fix this morning was USD 1,751.00, GBP 1,116.50, and EUR 1,298.29 per ounce. Yesterday's AM fix was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 December, 2011
Gold drifted back to $1740.70 by about 4:15AM EST and shot up to $1754.10 in the next hour of trade before it chopped back down to $1733.40 by early afternoon in New York, but it then rallied back higher in late trade and ended with a loss of just 0.18%. Silver fell to $32.465 in Asia before it rose to as high as $33.418 by late morning in New York, but it then fell back off midday and ended with a loss of 0.43%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 December, 2011
After a London afternoon Fixing that was set at $1,746, $42 more than in the morning Asia took the gold price slightly higher ahead of London’s opening to $1,748, before it pulled back to $1,743 just before London opened. Again, the London Fixing continues to dominate the gold price. In the euro, gold stood at €1,294.30 only €5 higher than before the central bank statements. Full Story
WHOLESALE PRICES in the gold investing market continued to rise Thursday morning in London, extending yesterday's 2.8% jump after the world's biggest central banks offered unlimited short-term loans to their local banking sectors. Full Story
Gold is trading at USD 1,746.90, EUR 1,295.30, GBP 1,111.10, CHF 1,589, JPY 135,700 and AUD 1,706.4 per ounce. Gold’s London AM fix this morning was USD 1,750.00, GBP 1,113.02, and EUR 1,298.03 per ounce. Yesterday's AM fix was USD 1,704.00, GBP 1,095.61, and EUR 1,282.46 per ounce. Full Story
Yesterday in our reports I had said that one needs to be prepared for big moves in silver and copper and I was right as they both have broken the consolidation phase only to move into another big bull wave. The Chinese bank reserve requirement cut by 0.50% was the key. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 November, 2011
Gold fell $14.82 to $1701.18 in late Asian trade before it rose to as high as $1750.00 by a little before 10AM EST and then stalled out a bit for the rest of the day, but it still ended with a gain of 1.81%. Silver dropped down to $31.118 in early London trade, but it then rose to as high as $32.941 by early afternoon in New York and ended with a gain of 2.98%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 November, 2011
While the London Fixing continues to dominate the gold price, both the U.S. and Asian markets are trying to push the price down. Overnight the gold price stood at $1,710 and in the euro at €1,289 reflecting the price of both the dollar and the euro. The euro fell ahead of London’s opening to €1: $1.3270 down from €1: $1.3366. Then the Fix came in at $1,704.00 and in the euro at €1,282.457 down in the dollar and down in the euro. The price was pushed up to $1,715.70 ahead of New York’s opening and in the euro to €1,289.52 while the euro stood at €1: $1.3305. Full Story
U.S.DOLLAR gold bullion prices leapt 1.7% in 30 minutes Wednesday lunchtime in London – hitting $1744 an ounce – following an announcement of coordinated action from central banks worldwide aimed at increasing Dollar liquidity in the global financial system. Full Story
Gold is trading at USD 1,713.00, EUR 1,289.80, GBP 1,099.00, CHF 1,582.10 and JPY 133,610 per ounce. Gold’s London AM fix this morning was USD 1,704.00, GBP 1,095.61, and EUR 1,282.46 per ounce. Yesterday's AM fix was USD 1,717.00, GBP 1,098.32, and EUR 1,278.67 per ounce. Yesterday’s PM fix was USD 1,717.00, GBP 1,098.53, and EUR 1,278.69 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 November, 2011
Gold fell $8.30 to $1703.40 in late Asian trade before it rose to see a $6.20 gain at $1717.90 in London and then fell back to $1706.35 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade in New York and ended near its late session high of $1720.10 with a gain of 0.25%. Silver fell to as low as $31.49 in late Asian trade before it climbed to as high as $32.183 in late morning New York trade, but it then fell back off a bit in afternoon trade and ended with a loss of 0.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 November, 2011
Asia saw gold remain close to the U.S. closing price around $1,706, but London was not convinced and took the gold price higher to $1,710. But as we have emphasized, it is the London gold Fixing that’s dominating the price. The euro rose from €1: $1.3366 to €1: $1.3425. Then the Fix came in at $1,717.00 and in the euro at €1,278.671 up in the dollar and down in the euro. The price was pushed down to $1,714.60 after the Fix and lower to $1,709 ahead of New York’s opening and in the euro to €1,281.69 while the euro stood at €1: $1.3334. Full Story
THE WHOLESALE market gold price hovered in a 0.5% range around $1711 an ounce Tuesday morning in London, where Britain's chancellor today gave his autumn budget statement to parliament. Elsewhere in Europe, Italy's borrowing costs hit new highs at an auction of government bonds, while Eurozone finance ministers are meeting to discuss boosting the single currency rescue fund. Full Story
Gold is trading at USD 1,715.60, EUR 1,280.80, GBP 1,097.00, CHF 1,574.10 and JPY 133,280 per ounce. Gold’s London AM fix this morning was USD 1,717.00, GBP 1,098.32, and EUR 1,278.67 per ounce. Yesterday's AM fix was USD 1,714.00, GBP 1,100.41, and EUR 1,280.06 per ounce. Full Story
Technically gold and silver are in a bullish zone but they need to break $1730 and $33.00 for further gains. Lack of major negative news from Europe will result in further gains in bullion, base metals and energies. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 November, 2011
Gold climbed to as high as $1720.30 by a little before 9AM EST before it fell back off a bit in New York, but it still ended with a gain of 1.86%. Silver shot to as high as $32.30 and ended with a gain of 3.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 November, 2011
The week saw the gold price open at above $1,700 in Asia after the Thanksgiving holiday in the U.S. Just ahead of London’s opening. The euro stood at €1: $1.3366 a cent down on yesterday and gold in the euro at €1,266.16 $2 down on this time yesterday. The London Fix is again calling the shots on the gold price as it Fixed high at $1,714.00 and in the euro at €1,280.060. The price held around that level but slipped slightly to $1,710.60 ahead of New York’s opening and in the euro to €1,280.87. Full Story
THE SPOT MARKET gold price climbed to $1718 an ounce Monday morning London time – a 2.1% gain on Friday's close – while stock and commodity markets also rallied following news that leaders may be close to an agreement on the Eurozone rescue fund. Full Story
Gold is trading at USD 1,712.30, EUR 1,280.80, GBP 1,100.00, CHF 1,574.70 and JPY 133,080 per ounce. Gold’s London AM fix this morning was USD 1,714.00, GBP 1,100.41, and EUR 1,280.06 per ounce. Friday's AM fix was USD 1,676.00, GBP 1,084.02, and EUR 1,263.86 per ounce. Full Story
U.S. DOLLAR gold prices looked set for a second weekly drop in a row Friday lunchtime, after falling as low as $1672 an ounce – 7.2% down on the November high – while stocks, commodities and government bond prices also lost ground as Belgium became the latest country to be sucked into the European sovereign bond crisis. Full Story
Gold is trading at USD 1,680.50, EUR 1,268.60, GBP 1,084.30, CHF 1,554.30, JPY 130,130 and RUB 53,210 per ounce. Gold’s London AM fix this morning was USD 1,676.00, GBP 1,084.02, and EUR 1,263.86 per ounce. Yesterday's AM fix was USD 1,699.00, GBP 1,094.72, and EUR 1,270.38 per ounce. Full Story
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