By: Chris Mullen, Gold-Seeker.com - 2 September, 2011
Gold jumped to as high as $1880.40 by a little before 9AM EST and ended just $14.70 away from August 22nd’s all-time high with a gain of 2.56%. Silver soared to as high as $43.134 and ended with a gain of 3.44%. Full Story
U.S. DOLLAR gold prices rose more than 2% following the start of trade in London on Friday, breaching $1878 per ounce following the publication of weak US jobs data. Nonfarm payroll data published at 8.30am New York time showed the US economy added no jobs in August – the worst result since September 2010 showed a slight decline. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 September, 2011
Gold closed at $1,827 in New York yesterday then broke up through to $1,851 in Asia before slipping back slightly in London. It then Fixed at $$1,854.00 and in the euro at €1,301.24 with €1: $1.4248 at the time. After the Fix and ahead of New York gold continued to rise ahead of Friday’s jobs report in the U.S. and U.S. traders drove the price higher still to $1,861.35 and the dollar hardly changed against the euro at €1: $1.4258. This left gold in the euro at €1,305.48. Full Story
Gold and the Swiss franc are higher today as risk aversion has returned with global stock markets falling on concerns the US employment figure later today will disappoint and confirm that the US economy continues to weaken. Full Story
U.S. manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week despite a slump in confidence that threatened to push the economy back into recession. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 September, 2011
Gold traded mostly slightly lower in Asia and London before it rose to see a modest gain at $1830.39 by about 8:30AM EST and then fell to a new session low of $1813.70 in the next couple of hours of trade, but it then rallied back higher in late trade and ended with a loss of just 0.11%. Silver fell to $41.23 in midmorning New York trade before it also rallied back higher and ended with a loss of just 0.22%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 September, 2011
Gold closed at $1,829 in New York yesterday then slipped to $1,823 in Asia before slipping further at the London Fix to $1,815.50 in the morning, still $2 higher than yesterday afternoon’s Fix. That’s the interplay of the different markets worldwide. In the euro the gold price was Fixed at €1,270.74 up €6 on yesterday. At the time, the dollar: euro exchange rate stood at €1: $1.4287. Full Story
U.S. DOLLAR gold bullion prices edged down to $1820 an ounce by Thursday lunchtime in London – 1.1% off the high for this week so far – while stocks and commodities dropped and government bonds gained following publication of weak European manufacturing data. Full Story
August was a very turbulent month for markets with equities falling sharply and commodities mixed on Eurozone and US sovereign debt concerns and concerns about the health of the US and global economy. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 August, 2011
Gold fell almost 1% to as low as $1811.69 by about 10AM EST before it climbed to as high as $1839.44 and then fell back off a bit in afternoon trade, but it still ended with a gain of 0.18%. Silver climbed to as high as $42.015 in early afternoon New York trade and ended with a gain of 0.82%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 August, 2011
The U.S. ended with gold at $1,826.1 yesterday and held that level overnight right through to the Fix in London’s morning where it Fixed at $1,826.00. In the euro the gold price was Fixed at €1,264.19 with the €1: $1.4444 at the time. Full Story
U.S. DOLLAR gold prices wavered around $1830 an ounce Wednesday morning London time – 4.3% off last week's all-time record high – as prices of major commodities fell and stocks rose following Tuesday's publication of the latest US Federal Reserve minutes. Full Story
Gold and silver have fallen after yesterday’s gains due to the very poor consumer confidence data and Federal Reserve murmurings of further monetary easing. Gold is trading at USD 1,792.50, EUR 1,245.10 , GBP 1,098.30, CHF 1,471.50 and JPY 137,624 per ounce. While silver is trading at USD 41.21, EUR 28.53 , GBP 25.31, CHF 33.33 and JPY 3,155 per ounce. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 August, 2011
Gold waffled near unchanged in Asia and London, but it then rose to as high as $1833.14 in New York and ended with a gain of 2.14%. Silver soared to as high as $41.62 and ended with a gain of 1.97%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 August, 2011
The U.S. ended with gold at $1,787.90 but then rose even more in Asia to reach $1,796 before London opened. The dollar was steady against at €1: $1.4470. As London opened the price held around the level after being closed since Friday. While the Yen is barely changed at Yen 76.75 up from Yen 76.59 the Swiss Franc also steady at 0.8138 down from 0.8135. Full Story
THE DOLLAR gold bullion price leapt 2.2% in less than an hour Tuesday lunchtime London time, hitting $1832 per ounce – still 4.2% off last week's all-time high – while commodities fell, US Treasury bonds rose and stocks were mixed as Greek debt worries affected the Eurozone. Full Story
Gold is higher against most currencies and especially the euro. Gold is trading at USD 1,792.50, EUR 1,245.10 , GBP 1,098.30, CHF 1,471.50 and JPY 137,624 per ounce. Gold’s London AM fix this morning was USD 1,791.00, EUR 1243.49, GBP 1097.56 per ounce. Gold fixed marginally higher than last Friday’s AM Fix which was at USD 1,787.00, EUR 1237.10, GBP 1094.17 per ounce which suggests physical demand is supportive at the $1,800 level. Full Story
By: Chris Mullen, Gold-Seeker.com - 29 August, 2011
Gold rose over $30 in afterhours access trade on Friday and held over 1% higher in Asia today before it fell in early New York trade to as low as $1778.78 by about 10:15 AM EST, but it then bounced back higher in the last few hours of trade and ended with a loss of just 0.36%. Silver dropped to as low as $40.415 before it also rebounded, but it still ended with a loss of 1.12%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 29 August, 2011
After a very, volatile week last week, the week opened with the gold price rising from $1,823 to $1,832 in Asia. Once London opened the gold price slipped back to $1,816 [in the euro €1,251.35] during the morning. The dollar is slightly weaker standing at €1: $1.4518. While the Yen is barely changed at Yen 76.59 the Swiss Franc is visibly weakening at 0.8135. Full Story
Gold has fallen in U.S. dollars and in most currencies but is higher in Swiss francs due to concerns of fees on Swiss franc deposits. Asian (except for China’s CSI300) and European equities are higher as investors judge the recent sell off as excessive. Risk appetite has risen on hopes that the U.S. and global slowdown will not be sharp. Full Story
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