Gold traded mostly slightly higher in Asia and London before it jumped to as high as $1432.00 by midday in New York and then fell back off a bit in afternoon trade, but it still ended with a gain of 0.85%. Silver climbed to a new 30-year high of $35.388 and ended with a gain of 2.83%. Full Story
THE PRICE OF GOLD eased back for Dollar investors on Friday in London, but headed for its fifth weekly gain in a row, as official data said US unemployment retreated to 8.9% last month. Non-Farm Payrolls showed their strongest rise since June, just besting analyst forecasts. Full Story
While gold is marginally higher today, silver has risen nearly 1% against the dollar and other currencies. Backwardation continues with spot (for immediate delivery) trading at $34.45/oz while the Dec12 contract trades at $34.22/oz and Dec13 at $33.90/oz. Backwardation has eased since last Friday somewhat (see table below) but continues which suggests continued tightness in the physical silver bullion market. Full Story
Gold fell as much as $24.32 to $1411.98 by early afternoon in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.42%. Silver fell to as low as $34.05 before it also rallied back higher in the last hour or so of trade, but it still ended with a loss of 1.46%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 March, 2011
Asia found the closing New York prices a little rich for their blood and took gold down to $1,427 before London’s opening, but just before London opened the gold price moved back up to $1,430 ahead of the Fix. Full Story
BOTH GOLD and spot silver prices fell sharply in London trade lunchtime Thursday, finding a floor some 1.5% and 2.3% below this week's record highs vs. the Dollar after European Central Bank president Jean-Claude Trichet said a Eurozone rate rise is "possible" next month. Full Story
Gold and silver have recovered somewhat from slight falls in Asia overnight and are now higher against the British pound and Swiss franc which are weaker this morning. With geopolitical instability looking set to escalate and the real possibility of a military confrontation in the Mediterranean, any sell off in the precious metals will likely be tentative. Full Story
There is nothing much to comment on the budget. The man on the street is only concerned over rising food prices and rising rentals in cities. Tax proposals are fine. I am only concerned over the government expenses. Full Story
Gold waffled near unchanged in Asia before it steadily rose in London and New York to a new all-time high of $1440.13 by about noon EST and then fell back off a bit in afternoon trade, but it still ended with a gain of 0.46%. Silver climbed to as high as $34.96 and ended with a gain of 1.22% at a new 30-year high. Full Story
THE PRICE OF GOLD in US Dollars ticked higher to reach a new all-time record in London trade on Wednesday, touching $1436 per ounce as crude oil rose further above $100 per barrel and world stock markets fell for the eighth session in nine. Full Story
Gold prices settled at a new record high yesterday, as unrest in North Africa and the Middle East pushed the safe haven currency to $1,435/oz. Silver surged to new 30-year record nominal highs at $34.74/oz. Prices surged in dollars and all major currencies and look set to reach record highs in other currencies. Full Story
Gold steadily rose throughout most of world trade and ended near its last minute new all-time high of $1430.95 with a gain of 1.44%. Silver climbed to a new 30-year high of $34.568 and closed with a gain of 2.53%. Both metals are rising to new highs in after hours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 March, 2011
Asia kept gold and silver at their New York closing levels taking the prices to $1,414 with the Fix being set at $1,414.50. The dollar is using up support quickly at $1.3820 in London’s morning. In the euro gold is hardly moving as it stood at €1,021 ahead of the Fix only €1 up on yesterday afternoon. In the euro the Fix was then set almost the same at €1,021.74. Full Story
THE PRICE OF GOLD jumped in London trade on Tuesday, hitting the highest level since last Dec.'s all-time peak as Western stock markets fell and Brent crude oil rose towards new two-year highs. Overnight, the Libyan state-run National Oil Co.'s chief Shukri Ghanem said the country's oil output has halved since anti-government protests began. Full Story
Silver has risen another 1.4% today to a high of $34.44/oz and above the 31-year interday high of $34.33/oz reached last Tuesday (February 22nd). Silver is higher in all currencies this morning, especially the Japanese yen. The news that Saudi Arabia may be sending tanks to crush anti-government protests in Bahrain saw buying of silver, gold and oil. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 February, 2011
Gold rose $7.21 to $1416.31 in Asia before it fell back to $1407.34, but it then traded mostly slightly higher in London and New York and ended with a gain of 0.02%. Silver climbed to $33.71 in Asia before it fell back to $33.28, but it then rose to a new session high of $33.982 in New York and ended with a gain of 1.7% at a new 30-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 February, 2011
Global markets have decided that the situation right across the Middle East is going to get worse and may well threaten even Saudi Arabia. As a result the oil price is still rising, despite the reassurances of O.P.E.C. that they will supply any shortfalls that may arise due to these situations. Middle Eastern markets continue to fall too. Full Story
THE WHOLESALE PRICE OF large gold investment bars rose back towards Friday's 2011 highs early Monday afternoon in London, hitting $1415 per ounce as the Dollar fell and European crude oil rose towards new two-year highs above $112 per barrel. Full Story
The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs. 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.
