Gold traded just slightly lower in Asia and London before it plummeted in early New York trade to see a $24.51 loss at as low as $1412.89 by about 10AM EST, but it then rallied back higher into the close and ended with a loss of just 0.67%. Silver dropped to as low as $37.055 by midmorning in New York before it also stormed back higher in the last few hours of trade and ended with a loss of just 0.29%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 April, 2011
The gold price is trading in a relatively tight range between €1,005 and €1,015 and in the dollar $1,420 and $1,440 and has remained there for the lat week. The longer we wait the bigger the subsequent breakout. You must decide which way it is going to move! We repeat; with gold we have to stop waiting for gold itself to move. Its moves could be gold moving or the dollar or the euro moving. Full Story
THE PRICE OF physical gold bullion slumped 1.4% lunchtime Friday in London, falling back from its highest-ever monthly close as the Dollar jumped on news of stronger-than-expected US jobs hiring in March. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 March, 2011
Gold climbed to as high as $1439.33 by midmorning in New York and closed just 40 cents away from a new all-time closing high with a gain of 0.93%. Silver climbed to as high as $37.938 and closed with a gain of 0.88% at a new 31-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 March, 2011
We were waiting for a strong move and we are seeing its start. But with gold we have to stop waiting for gold itself to move. Its moves could be gold moving or the dollar or the euro moving. This time it was the dollar re-commencing its downward trail. Full Story
THE PRICE OF GOLD price jumped to $1437 per ounce Thursday lunchtime in London – less than 0.8% below last week's new Dollar high – as European stock markets fell together with Eurozone government bonds. Full Story
Gold and silver have consolidated on yesterday’s gains as inflation, geopolitical and eurozone debt concerns support. Silver has risen above its 31 year record closing price of yesterday and looks set to target new record nominal intraday highs above $38.16/oz. Full Story
ULTRA-CHEAP MONEY has caused a whole heap of mischief to date. But really, this is getting silly... "Switzerland may be better off adopting the Euro as the Franc's appreciation hurts exports," reports Bloomberg from Basel. "It's a nightmare for everybody," says Thierry Stern, chairman of luxury watchmaker (and glossy-magazine benefactors) Patek Phillipe. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 March, 2011
Gold climbed $13.42 to $1429.82 in early New York trade before it fell to see a $4.20 loss at $1412.20 by late morning, but it then rallied back higher in the last couple of hours of trade and ended with a gain of 0.54%. Silver surged to as high as $37.732 before it fell back to almost unchanged at $36.963 by a little after 11AM EST, but it also rallied back higher into the close and ended with a gain of 1.46% at a new 31-year closing high. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 March, 2011
For the last two days the gold price has been hovering around $1,419 and $1,421. This is in line with the London Fixes. It is well to be reminded that 90% of the physical transactions are dealt in London at the gold Fixing. Despite this, we are sensitized to the fact that a very small, tight trading range such as this tells us we are entering a high risk period. Widows and orphans would do well to be on the sidelines unless in for the long haul. What often happens now is that the next move is a strong one either way. The volatility that one sees at these times may or may not go with the trend. Full Story
THE PRICE OF wholesale gold bullion jumped out of what one dealer called "limbo" lunchtime Wednesday in London, hitting $1429 per ounce as world stock markets rose but major-economy government bonds slipped in price, alongside oil and base metals. Full Story
Gold and, particularly, silver are higher in European trading, especially in Japanese yen, which has come under pressure again today. The initial 'repatriation funds' yen rally in the days after the natural and nuclear disaster has abated. Gold is again close to record nominal highs in yen (119,000/oz) and other currencies. The outlook for the yen is not good due to massive fiscal and demographic challenges, zero percent interest rates and ongoing currency debasement - none of which will be helped by the nuclear disaster. Full Story
This turnaround in copper prices demonstrates just how fast the cycles in commodity product pricing can move. China’s demand for refined copper fell 12.5% in the past months and sentiment is being affected by that nation’s newly developed trade deficit. China is not a slam dunk for 10% growth this year or next. That impacts copper demand and prices. “Downside risks to copper prices are emerging” warns Standard Bank in a note picked up by some financial blogs. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 March, 2011
Gold fell $9 to $1410.70 in London before it surged back higher in New York and climbed to as high as $1423.21 by about noon EST, but it then fell back off in afternoon trade and ended with a loss of 0.23%. Silver dropped 60 cents to $36.46 before it also rallied back higher in New York and climbed to as high as $37.188 by midday, but it then slipped back off in late trade and ended with a loss of 0.35%. Full Story
THE PRICE OF SILVER and physical gold bars held in a 0.5% range in London dealing on Tuesday, sitting tight above yesterday's 1-week lows against the Dollar as global equities stalled and the US currency rose on the forex market. Full Story
Gold and silver are lower again today with short term momentum traders taking advantage of recent weakness and capping of the gold price at record nominal highs. Options expiry often sees gold and silver prices fall but recover sharply within days of expiry and this is likely to be the pattern again after yesterday's expiration. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 March, 2011
Gold fell as much as $16.17 to $1410.03 by a little after 8AM EST, but it then rallied back higher in New York and ended with a loss of just 0.46%. Silver fell to as low as $36.39 before it also rallied back higher and ended with a gain of 0.03%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 28 March, 2011
The gold price looked anemic at the start of the week falling to $1,420.00 at the first London Fix of the day and to €1,009.45 with the dollar holding $1.4044. The gold price just ahead of New York’s opening was trading a $1,413.55 and the dollar at $1.4030. Full Story
THE PRICE OF GOLD slipped 1.3% in Asian and early London trade on Monday, pulling back to a 6-session low of $1411 per ounce as global stock markets slipped and the US Dollar rose on the FX market. Full Story
Gold and silver have fallen in Asian and early European trading, despite global uncertainty leading to weakness in equity and bond markets. Support is likely to come from eurozone debt concerns, geopolitical risk and the deepening nuclear crisis in Japan - the true extent of which remains unacknowledged. Full Story
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