By: Chris Mullen, Gold-Seeker.com - 2 January, 2015
Gold edged up to $1188.16 in early Asian trade before it fell back to $1168.43 at about 8:20AM EST, but it then jumped to a new session high of $1194.71 by late morning in New York and ended with a gain of 0.41%. Silver rose to as high as $16.06 and ended with a gain of 0.64%. Full Story
Gold ended the year 14% off its 2014 high of $1,379 an ounce set in mid March after the price surge at the start of the the year in January, February and March. China’s yuan closed at 6.2040 against the dollar on Wednesday, ending 2014 with a loss of 2.4 percent against the dollar and 1% against gold. The yuan fell as China has engaged in its own QE and competitive currency devaluation – currency wars continued quietly in 2014. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 January, 2015
New York closed at $1,182.60 on the last day of 2014 and the first trading day of 2015 saw the gold price stand at $1187.40 ahead of London’s opening. The Fix saw the gold price set at $1,184.25 down $15.00 and in the euro, at €983.351 down €3.991 while the euro was 1.23 cents weaker at $1.2043. Ahead of New York’s opening gold was trading in London at $1,183.10 and in the euro at €981.87. Full Story
Traders will take positions for next week’s central bank meetings and the huge flows of economic data releases from all over the world. Anything can happen. There will be big one way moves but whether that one way move will be sustainable or not, I am not sure. Next Friday’s US December nonfarm payrolls is also the key. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 December, 2014
Gold dropped down to $1180.49 at about 2PM EST before it bounced back higher in the last couple of hours of trade, but it still ended with a loss of 1.35%. Silver slipped to as low as $15.556 and ended with a loss of 3.57%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 December, 2014
New York closed at $1,198.80 up $15 with Asia lifting it just over $1,200. The Fix saw the gold price set at $1,199.25 up $12.75 and in the euro, at €986.550 up €10.007 while the euro was barely changed at $1.2156. Ahead of New York’s opening gold was trading in London at $1,197.80 and in the euro at €985.56. Full Story
Gold and silver are looking bullish at the moment and can rise further. Nothing to comment on the last day of the year. However I personally believe that 2015 should be the last year of subdued gold and silver prices (if any). One should use 2015 dips in gold and silver to invest for the long term. Better buy far dated call options. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 December, 2014
Gold jumped up to $1209.84 at about 10AM EST before it drifted back lower into the close, but it still ended with a gain of 1.27%. Silver surged to as high as $16.438 and ended with a gain of 3.17%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 December, 2014
New York closed at $1,183.80 down from $1,196 in London at a level Asia held it at. The Fix saw the gold price set at $1,186.50 down $7.50 and in the euro, at €976.543 down €1.745 while the euro was 0.55 of a cent weaker at $1.2150. Ahead of New York’s opening gold was trading in London at $1,188.00 and in the euro at €976.85. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 December, 2014
Gold dropped down to $1178.90 by late morning in New York before it bounced back higher in late trade, but it still ended with a loss of 0.96%. Silver slipped to as low as $15.724 and ended with a loss of 1.62%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 December, 2014
New York closed at $1,174.80 on the 24th December. This was followed by a quiet week with thin trading as the holidays were underway, except for a big sale from the SPDR gold ETF. Today Asia holds the gold price at $1,196 ahead of London’s opening. The Fix saw the gold price set at $1,194 up $14.5 and in the euro, at €978.288 up €14.178 while the euro was 0.029 of a cent weaker at $1.2205. Ahead of New York’s opening gold was trading in London at $1,193.20 and in the euro at €978.27. Full Story
At the beginning of 2014, very few expected crude oil to fall to $54, very few expected silver to fall like anything. No one expected Indian stock markets to rise to new historical highs. The Crimean issue resulting in the global isolation of Russia was also never expected. The “Islamic State” was not there at the beginning of 2014. Every year brings in new uncertainties. We can just try to assess before what might come so that we can prepare ourselves. 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.
