By: Chris Mullen, Gold-Seeker.com - 2 November, 2007
Gold traded mostly slightly lower at as low as $787.80 in Asia before it rebounded a few dollars in London and added a couple of dollars more to about $795 in morning New York trade, but the real move higher came in afternoon trade when gold added over $10 more in the last hour and a half of trade and ended with a 2.00% gain at a new 27 year high. Silver saw over 1% losses at as low as $14.06 by late morning in New York, but it also took off higher in afternoon trade and ended near its high of the session with a gain of 2.11% to close just 12 cents away from joining gold at new highs. Full Story
Gold was down $1.50 to $790.20 in New York yesterday. It has traded sideways in Asian and European trading and is trading at $793.50 at 1200 GMT. Gold has corrected in other major currencies and is trading at £380.42 GBP (down from £381.50) and €547.50 EUR (down from €549.46) but remains near record nominal highs in terms of GBP and EUR respectively. Full Story
THE SPOT GOLD PRICE rose steadily in London on Friday morning, adding $6 to its overnight bounce to trade above $794.50 per ounce as stock markets across the world continued to fall hard, led down by banking shares. Full Story
Crude oil is dictating gold and silver prices. Crude oil rose to high of $96, spot gold nearly tested $800. Crude oil fell from $96 to $92 gold fell from $799 to $784. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 November, 2007
Gold rose to as high as $799.40 in Asia before it fell to as low as $784.00 by midmorning in New York, but it then rallied back higher into the close and ended with a loss of just 0.19%. Silver rose to over $14.50 in Asia before it dropped to as low as $13.90 by about 10AM EST in New York, but it then rallied over 2% off its low in the last few hours of trade and ended with a loss of just 0.97%. Full Story
The action in the gold market remains bullish with gold rallying in all major currencies. A new record monthly close is very important from a technical point of view and shows that this is not some short term speculative blow off in the dollar gold price as in 1980. Psychological resistance is at $800 while support is at the 10 day moving average at $772 and at $750. Full Story
SPOT GOLD PRICES came within $1 of $800 per ounce overnight in Asia on Thursday, rising 2.7% from the week's lowest point so far before slipping below $792 by mid-morning in London. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 October, 2007
Gold fell about 1% to as low as $776.65 in early Asian trade before it rebounded in London and came into New York near unchanged at about $784. It then continued to rise throughout most of trade in New York and ended near its high of the session with a gain of 0.93% at a new 27 year high. Full Story
Gold was down $4.20 to $784.40 in New York on Tuesday. Since closing in New York it traded sideways in the New York Access market, in Asia and early in Europe rose slightly to trade at $785.90 at 1100 GMT. Full Story
SPOT GOLD PRICES rose sharply late-morning in London on Wednesday, recovering an overnight drop in Asia to break above last week's 27-year closing high above $785 per ounce. Full Story
The outcome of the Fed meeting will dictate the short term direction of the US dollar. Overall medium term to long term bearishness for the US dollar remains intact, irrespective of an interest rate cut. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 October, 2007
Gold fell a few dollars in Asia and held near $784 in London before it dropped to as low as $778.95 by 10AM EST in New York, but it then rallied back higher into the close and ended with a loss of just 0.53%. Silver dropped to as low as $14.10 in New York before it also rallied back higher in the last few hours of trade and ended over 1% off its low with a loss of 0.42%. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 October, 2007
Gold rose to over $790 in Asia and held at about $792 in London before it fell back off in New York trade, but it still ended with a gain of 0.65% at a new 27 year high. Silver traded as high as $14.457 by about 8AM EST before it fell back to as low as $14.204 by late morning in New York, but it then rallied back higher into the close and ended with a gain of 1.06%. Full Story
SPOT GOLD PRICES surged at the Asian opening on Monday, quickly gaining another $10 from last week's 27-year closing high and racking up a new all-time high against the British Pound. Full Story
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