Gold edged up to $1207.30 in Asia before it fell back to $1195.83 by late morning in New York, but it then bounced back higher in the last five hours of trade and ended with a loss of just 0.24%. Silver slipped to as low as $16.619 and ended with a loss of 1.3%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 April, 2015
New York closed at $1,204.20 up $20.00 from yesterday’s NY close. Asia lifted it to $1,205.00, but London pulled it back to $1,202.60 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,201.50 up $20.25. The euro equivalent stood at €1,097.92 up €12.99. Ahead of New York’s opening, gold was trading in London at $1,204.30 and in the euro at €1,112.21. Full Story
Inflation fears have caused a surge in Russian demand for gold jewellery Currency depreciation and falling wages weighing on average Russians Classified ad websites booming as Russians try to raise cash Ruble has fallen more than 35% against gold in recent months Ruble today … other fiat currencies tomorrow Full Story
Gold edged down to $1181.23 at about 6AM EST, but it then rose to as high as $1208.50 by early afternoon in New York and ended with a gain of 1.69%. Silver soared to as high as $17.089 and ended with a gain of 1.86%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 April, 2015
New York closed at $1,184.20 down $1.30 from yesterday’s NY close. Asia lifted it to $1,187.60. The LBMA Gold price was set at $1,181.25 up $2.00. The euro equivalent stood at €1,097.92 up €0.09. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,107.42. Full Story
Gold flat in quarter in dollars but 11% and 5% higher in euro and sterling Gold essentially flat with fall of just $2 or 0.0017% in dollar terms Euro was the worst performing major currency in Q1 Gold one of strongest currencies after silver, dollar and Swiss franc Silver surges 6.5% in dollars and 19% and 12% in euros and pounds Full Story
By: Chintan Karnani, Insignia Consultants - 1 April, 2015
It is a new month and a new quarter. The pace of movement (up or down) of the US dollar will direct metals and energies prices apart from key technicals. Physical demand from India could remain subdued due to massive crop losses in northern India and central India. Rural demand for gold from northern India and central India will fall in April. There is a rural-urban divide as far as gold and silver demand is concerned. Urban Indian’s will lap up gold and silver if there is a big crash in prices from here. Akshay Tritiya is also around 21st April. Indian demand after Akshay Tritiya will be dependent on prices. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 March, 2015
Gold dropped $6.79 to $1178.71 in Asia before it rallied back to $1190.56 in late morning New York trade and then fell back off into midday, but it then bounced back higher in the last couple of hours of trade and ended with a loss of just 0.11%. Silver rose to as high as $16.84 before it also fell back off, but it ended with a loss of just 0.36%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 31 March, 2015
New York closed at $1,185.50 down $17.90 this week. Asia took it down $3 before London set the LBMA Gold price at $1,179.25. The euro equivalent stood at €1,098.1 down €8.44. Ahead of New York’s opening, gold was trading in London at $1,184.45 and in the euro at €1,101.45. Full Story
Global bond bubble poses systemic risk to financial system FT warns that a June rate hike could put fixed-income funds under severe pressure Fed’s Bullard warns of “dire consequences” of developing asset price bubbles UK fund managers worried about “inflated value of bonds” Regulators talk tough but have wavered since 2011 Mutual fund markets have “ballooned” since 2008 “Gates” or capital controls that limit investor withdrawals in troubled times are likely Full Story
By: Chris Mullen, Gold-Seeker.com - 30 March, 2015
Gold dropped $16.14 to $1182.56 by a little after 9AM EST before it bounced back higher at times, but it still ended with a loss of 1.1%. Silver slipped to as low as $16.64 and ended with a loss of 1.42%. Full Story
Goldman warns that peak gold may happen in 2015 New report says there are only “20 years of known mineable reserves of gold” Discoveries of new sources of gold production peaked in 1995 despite major bull market Production lags new finds in 20 year cycle – Indicates 2015 may be year of peak gold production Production in major gold mining countries has dropped in recent years This will provide support and should lead to higher prices in long term Full Story
This can be a big week for commodity markets as well as foreign exchange markets. We all can get spooked by the same. This is also the best week of the year for manipulation by central banks. Easter holidays are there. Trading volumes will fall. The US releases its March nonfarm payrolls on the “Good Friday” holiday. Those trading in commodity futures needed to be extra careful. US March private ADP numbers releases on “All Fools day” on 1st April. I am prepared for all kinds of scenarios on “All Fools day” so I fool the market and not the reverse. Full Story
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