By: Chris Mullen, Gold-Seeker.com - 2 October, 2009
Gold traded near unchanged in Asia and London before it dropped over 1% to as low as $986.75 shortly after the jobs report was released, but it then quickly rebounded to see an almost 1% gain at $1007.35 in the next two hours of trade and remained near that high for the rest of the day to close with a gain of 0.42%. Silver dropped to as low as $15.905 before it also snapped back higher and climbed to see a slight gain at $16.445, but it then fell back of a bit in the last few hours of trade and ended with a loss of 1.34%. Full Story
Markets have had a volatile day today after the falls in international equity markets yesterday and this morning and then the poor jobs number today. After an initial sell off on the poor jobless number (somewhat counter intuitive), gold then bounced and rallied 2% (from a low of $987/oz to over $1,007/oz in some two hours). Full Story
THE SPOT PRICE OF PHYSICAL GOLD fell hard in London on Friday, slipping to a three-day low of $989 per ounce after the United States reported its worst unemployment rate since June 1983. Global stock markets had already sunk for the fourth session running, before the US Dollar rose further – adding to last night's two-week high – on news of 263,000 job losses in September. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 October, 2009
Gold rose to see slight gains in late Asian trade, but it then steadily fell back off for most of the rest of trade in London and New York and ended near its noontime low of $997.20 with a loss of 0.86%. Silver rose over 9 cents to $16.712 by about 10AM EST in New York, but it then fell back to as low as $16.369 by about noon EST and ended with a loss of 1.32%. Full Story
THE PRICE OF GOLD opened the fourth quarter of 2009 above $1000 an ounce on Thursday, holding onto yesterday's 1.5% gain as equities dropped worldwide and the US Dollar rose on the forex market. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 September, 2009
Gold saw slight gains in Asia and rose over 1% in London to as high as $1004.17 by about 8:30AM EST before it fell to see only a $1.80 gain at $994.40 by around 10AM EST in New York, but it then stormed back higher in the last three and a half hours of trade and ended near and ended near its late session high of $1009.20 with a gain of 1.52%. Silver followed a similar pattern and ended near its high of $16.64 with a gain of 2.97%. Full Story
THE PRICE OF GOLD moved back above $1000 an ounce Wednesday morning in London, heading for its best-ever monthly average in Dollar as the US currency lost 3.5% of its forex value from the end of August. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 September, 2009
Gold traded mixed in Asia before it fell back off in London to as low as $984.60 by a little after 8AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.035%. Silver followed a similar pattern and dropped to as low as $15.97 a little after 8AM EST, but it then climbed back higher into the close and ended with a loss of just 0.45%. Full Story
THE PRICE OF GOLD fell again at the start of Hong Kong trade on Tuesday, dropping further to near-3 week lows by lunchtime in London at $986.50 an ounce. Asian stock markets meantime closed the day higher, but European shares fell as the Euro fell back vs. the Dollar and Yen. Full Story
Gold and silver are consolidating at the moment before the next higher. Silver looks slightly bearish but I will keep my fingers crossed. Copper and crude oil need to trade over key medium term support for further gains. Full Story
By: Chris Mullen, Gold-Seeker.com - 28 September, 2009
Gold and silver fell to see modest losses in Asia, but they both then steadily climbed back higher in London and New York and gold ended near its noontime high of $996.52 with a gain of 0.26% while silver ended near its high of $16.292 with a gain of 1.00%. Full Story
The PRICE OF GOLD bounced from its lowest level against the US Dollar in 13 sessions early on Monday, recovering last week's close at $992 an ounce by lunchtime in London and rising sharply against Euros and Sterling. Full Story
It’s been a steady opening for gold, silver, copper and crude oil after the G20 meeting. The US dollar has gained against the euro and pound. There will be position squaring and rebuilding in all commodities for the fourth quarter. US September non farm payrolls will be the key on Friday. Full Story
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