Gold climbed $20.95 to $1487.75 at about 6:30AM EST before it fell back to as low as $1456.37 following this morning’s jobs report, but it then chopped back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $23.42 immediately after this morning’s jobs report, but it then climbed to as high as $24.373 at about 10:15AM EST and ended with a gain of 1.26%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 May, 2013
Gold closed in New York at $1,466.80 up $8 in New York yesterday. In Asia, rose further to $1,474. In London it Fixed at $1,476.50 up $20.50 and in the euro at €1,124.952 up nearly €19 with the euro at €1: $1.3125 against the dollar. Ahead of New York’s opening it stood at $1,478.30 and in the euro at €1,126.62. Full Story
WHOLESALE gold prices hovered around $1480 an ounce most of Friday morning, around 1% up on the week, as European stock markets edged higher and the Euro regained some ground against the Dollar ahead of the release of key US jobs data for April, including the latest nonfarm payrolls report. Full Story
Physical demand for coins and bars internationally continues and is the strongest since the immediate aftermath of the Lehman Brothers collapse on September 15, 2008, and the consequent global financial crisis. Government mints, refiners and bullion dealers internationally are reporting demand as high as in the aftermath of the Lehman crisis. Full Story
By: Manan Somani, Insignia Consultants - 3 May, 2013
The U.S. March trade gap narrowed 11% to $38.8 billion along with the fall in weekly jobless claims to a five year low portrays a rosy picture of the US economy and can be bearish for gold and silver. However the interest rate cut by the European central bank and signals of more interest rate cuts in the future have resulted in firmness in gold and silver. The US dollar has also not gained in a big way against the major currencies as traders are weary of the US monthly jobs report today. Full Story
Gold climbed $14.70 to $1473.40 in early New York trade before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.56%. Silver rose to as high as $24.189 and ended with a gain of 0.68%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 May, 2013
Gold closed in New York at $1,458.70 in New York yesterday having fallen as low as $1431 before rebounding. In Asia, it fought back to recover to $1,458 as the Chinese holiday ended. In London it Fixed at $1,456 down $14.50 and in the euro at €1,106.215 down €6.6with the euro at €1: $1.3172 against the dollar. Ahead of New York’s opening it stood at $1,455.45 and in the euro at €1,104.50. Full Story
LONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday's 2.4% and 4.6% falls respectively. European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided – as widely expected – to cut its key interest rate to a new all-time low of 0.5%. Full Story
Gold remains under pressure despite very robust demand and anaemic supply globally. This suggests that speculators in the futures market continue to hold the upper hand. While this may continue in the short term and lead to further short term weakness in the price, the long term supply demand fundamentals will almost certainly lead to higher prices. We continue to believe gold will surpass its real inflation adjusted high of $2,400/oz in the coming years. Full Story
Gold fell $35.80 to as low as $1440.20 at about noon EST before it jumped back to $1462.76 in the next few hours of trade, but it then fell back off again in the last hour of trade and ended with a loss of 1.17%. Silver slumped to as low as $23.24 and ended with a loss of 2.60%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 May, 2013
Gold closed in New York at $1,470.40 in New York yesterday almost unmoved on the day before. In Asia, it held its ground even though China is still on holiday, until tomorrow. In London it was pulled back to $1,464 before recovering to fix at $1,469.5 down less than $3 and in the euro at €1,113.60 down €13 because the euro was stronger at €1: $1.3196 up 1.2 cents against the dollar. Ahead of New York’s opening it rose slightly at $1,472 and in the euro at €1,116.00. Full Story
WHOLESALE prices for gold bullion drifted lower Wednesday morning in London, dipping below $1470 an ounce, though it remained slightly up on where it started the week after two-and-a-half days trading in a tight range, with China's markets closed since last Friday until tomorrow for the Labor Day holiday. Full Story
"What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real gold. That’s going to show you, people don’t want certificates, they don’t want anything else. They want the real product." Full Story
By: Chris Mullen, Gold-Seeker.com - 30 April, 2013
Gold fell $9.50 to $1460.90 in Asia before it jumped up to $1479.80 at about 4AM EST and then drifted back lower in morning New York trade, but it then rallied back higher in afternoon trade and ended with a gain of 0.38%. Silver surged to as high as $24.449 in Asia before it also fell back off in morning New York trade, but it then bounced back higher in afternoon trade and ended with a loss of just 0.27%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 April, 2013
Gold closed in New York at $1,470.41 in New York yesterday. In Asia, where China is still on holiday, it pulled back to $1,462. In London it jumped to $1,474 ahead of the Fix. The Fix was set at $1,472.75 just 25 cents higher and in the euro at €1,126.13 while the euro was at €1: $1.3078. Ahead of New York’s opening it slipped slightly at $1,471.90 [the same as yesterday at this time] and in the euro at €1,126.12. Full Story
FOLLOWING a dip during Asian trading, the gold price climbed back above $1470 per ounce Tuesday morning in London, broadly in line with where it was a day earlier, with China's markets shut for this week's Labor Day holiday. Full Story
Premiums continue to rise on physical product across the world to reflect a significant increase in demand and very tight supplies. Premiums on gold and silver coins and bars are increasing across the world - from London to Frankfurt to Zurich to Turkey to Dubai to Mumbai to Singapore to Hong Kong to Tokyo and across the U.S. Full Story
By: Manan Somani, Insignia Consultants - 30 April, 2013
I expect the Federal Reserve meeting to explicitly state that there will not be an early withdrawal to quantitative easing. This will prevent gold and silver from a major crash. The Federal Reserve’s view on the US economy will be more important than anything else and can turn the market’s upside down. Technically gold, silver and crude oil are in a bullish zone while copper is in a neutral zone. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 April, 2013
Gold climbed $20.50 to $1477.80 in London before it chopped back lower in New York, but it still ended with a gain of 0.9%. Silver surged to as high as $24.471 and ended with a gain of 1.8%. Full Story
The gold market was showing positive action in the early going today, but prices still remained roughly $13 an ounce below last Friday's highs. Supportive currency market action and ongoing hope for central bank assistance later this week seems to have given the bull camp an initial edge today. An item that could eventually undermine gold prices, is news that the Indian government increased the base rate for calculating import taxes on gold again as that story line in the past has played in past liquidation efforts. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 April, 2013
Gold closed in New York at $1,467.30 in New York on Friday. In Asia it continued to rise back to $1,472level despite the closure of the Chinese markets. The Fix was set at $1,472.50 in London up $10 on Friday and in the euro at €1,125.506 up €2 while the euro was at €1: $1.3083. Ahead of New York’s opening it slipped slightly at $1,471.90 and in the euro at €1,125.35. Full Story
GOLD started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy's borrowing costs have fallen. Full Story
The slight rebound in prices from multi-year lows has as of yet failed to dampen the global appetite for bullion, causing a shortage in the physical supply of gold coins and bars. Recent bleak U.S., European and Chinese growth data is also supporting gold due to concerns of recessions and of a global depression. Full Story
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