By: Chris Mullen, Gold-Seeker.com - 3 February, 2012
Gold rose $3.81 to $1763.01 at about 4:30AM EST, but it then fell throughout most of the rest of trade and ended near its late session low of $1723.66 with a loss of 1.92%. Silver slipped to as low as $33.32 and ended with a loss of 1.98%. Full Story
SPOT MARKET gold prices slipped back below $1750 an ounce while stock markets rallied strongly following the release of better-than-expected US jobs figures on Friday. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 February, 2012
New York closed at $1,759.20 up $15 on the previous close. Asia held it there overnight before London lifted it to at Fix to $1,759.50 up $12. In the euro it was fixed at€1,335.484 while the euro was at $1: $1.3175. Full Story
Gold prices hit their highest since mid-November this morning as signals that U.S. monetary policy will remain ultra loose increased investor appetite for bullion. Gold bullion has gained over 12% so far in 2012, and the ascent was rejuvenated last week with Bernanke’s commitment to keep interest rates low and money loose through 2014. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 February, 2012
Gold rose to $1753.40 in Asia before it fell back to $1741.00 by a little before 8AM EST, but it then climbed to a new session high of $1760.95 in New York and ended with a gain of 0.85%. Silver fell to as low as $33.455 in London, but it then climbed to as high as $34.39 in New York and ended with a gain of 1.75%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 February, 2012
New York closed at $1,744.30 and Asia only lifted it by $2 to $1,746 before London lifted it to at Fix to $1,747.50. In the euro it was fixed at €1,326.678 while the euro was at $1: $1.3157. Ahead of New York’s opening the gold price was again holding the Fix’s level at $1,747.5 with the euro at €1: $1.3148 leaving the euro price of gold at €1,329.05. The trading range of gold and silver is narrowing bringing buyers and sellers to a balanced position. Full Story
The WHOLESALE-MARKET gold price slipped 0.5% from a new 8-week high in London Thursday morning, while global stock markets stalled after a 3-day rise and commodities also edged back. The Euro fell from $1.32 on the forex market for the third time this week after chief finance minister Jean-Claude Juncker said new proposals for stemming the currency zone's debt crisis – agreed at a summit on Monday – were "largely insufficient". Full Story
Gold has seen quite volatile up and down trading in Asia and Europe but within a narrow $10 band. It saw gains initially in Asia to $1,752/oz before a retracement to $1,744/oz. It then rose to $1,750/oz again as Asian trading closed. Early European trading saw gold quickly fall from over $1,750/oz to below $1,746/oz prior to a quick reversal and gold reaching an eight week high at $1,753.45/oz. Resistance is at $1,750/oz and there appears to be a determined seller at these levels. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 February, 2012
Gold dropped to $1732.78 in Asia before it climbed up to $1751.40 in London and then fell back to $1739.84 by about 10AM EST, but it then bounced back higher midday and ended with a gain of 0.27%. Silver slipped to $33.118 in Asia, but it then climbed to as high as $34.004 in New York and ended with a gain of 1.66%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 February, 2012
Another day and Greek negotiations with the E.U. have still not concluded. We are being told to be optimistic as Portuguese debt yields rise strongly again, implying that they may be next in line for debt write downs. Meanwhile the markets are most worried about the state the banking system is in. Even banks are scared by neighbour banks, who may tumble if one of these nations go bankrupt. Full Story
THE U.S. DOLLAR cost of buying gold climbed to $1750 an ounce Wednesday morning London time – gold's highest level since early December – while commodity prices also ticked higher and stock markets surged following the release of better-than-expected manufacturing data from several major economies. Full Story
Gold consolidated on yesterdays gain in Asia overnight and then rose in early European trading from below $1,735/oz to $1,748.60/oz. A break above resistance at $1,750/oz could see gold quickly challenge $1,800/oz. However, there is also the possibility of a correction after the large gains seen in January. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 January, 2012
Gold climbed to $1747.60 by a little after 9AM EST before it fell back to $1726.30 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.63%. Silver surged to as high as $34.10 before it fell back to $32.952 and then also bounced back higher in late trade, but it still ended with a loss of 0.99%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 January, 2012
New York closed at $1,728 but Asia pulled it back up to $1,738 and London kept the positive stance lifting it to $1,743 just ahead of London’s opening. The euro was a little stronger at €1: $1.3176 ahead of London’s opening. Full Story
U.S. DOLLAR gold bullion prices looked set to record their largest calendar month gain this century by Tuesday lunchtime in London. Gold prices hit $1745 per ounce – just less than 14% up on the Dollar gold bullion price set at the last London Fix of 2011. By this measure, January 2012 looked set to record the fourth-largest calendar month gain in the last three decades, and the biggest since September 1999, the month that saw the signing of the Central Bank Gold Agreement, which limited the sales of gold bullion by signatory central banks. Full Story
Gold edged higher in Asian and again in European trading today. Gold has broken through all major moving averages and Fibonacci levels this week due to a weakening dollar and geopolitical concerns regarding Iran and the European solvency crisis. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 January, 2012
Gold fell $21.40 to $1716.50 by a little after 4AM EST before it climbed back higher in London and New York, but it still ended with a loss of 0.53%. Silver slipped to as low as $33.051 before it also climbed back higher, but it still ended with a loss of 1.18%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 January, 2012
New York closed at $1,737 but Asia pulled it back to $1,726. The euro was unchanged to at €1: $1.3142 ahead of London’s opening. At the Fix gold was set at $1,720.50 and in the euro at €1,310.059. At the time the euro stood at €1: $1.3133. Ahead of New York’s opening the gold price held the level set by the Fix at $1,720 with the euro at €1: $1.3124 leaving the euro price of gold at €1,310.58. Full Story
THE SPOT MARKET price of buying gold climbed to $1728 an ounce Monday morning London time – a slight drop from last week's close – while stock markets, commodities and the Euro all fell and government bond prices rose as European leaders met for their latest summit in Brussels. Full Story
Gold’s London AM fix this morning was USD 1,720.50, GBP 1,097.40, and EUR 1,310.06 per ounce. Friday's AM fix was USD 1,722.00, GBP 1,095.98, and EUR 1,310.30 per ounce. Gold prices fell in Asia and in Europe this morning with profit taking after last week’s 4.3% gains seems the primary reason for today’s weakness. 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.
