By: Chris Mullen, Gold-Seeker.com - 3 September, 2010
Gold climbed to as high as $1253.85 in London before it fell all the way to $1238.04 in early New York trade after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.16%. Silver fell to as low as $19.41 by about 9AM EST, but it then stormed to a 30 month high of $19.91 by midday and ended with a gain of 1.69%. Silver’s previous high of $20.64 was achieved on March 5th of 2008. Gold closed just $7.65 from its all time high of $1256.65 set just two and half months ago on June 18th. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 September, 2010
Friday, the day the employment figures told us that we are recovering even though it is a slow and painful process, according to the numbers. That’s the market focus right now. The morning Fix in London confirmed that the gold prices was firm at a Fix of $1,252. Full Story
THE PRICE OF GOLD and silver fell hard for Euro and Dollar investors Friday lunchtime in London, with gold unwinding this week's 1.2% gains as world stock and commodity markets jumped in response to new US jobs data. Full Story
August and the summer are now over and investors and savers are now focusing on the autumnal months ahead. Stocks internationally had their worst August performance since 2001 and the ISEQ fell 7.2% in the month. Mounting concerns about the health of the economic recovery in Ireland, the US and internationally saw investors move into government bonds and gold. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 September, 2010
Gold traded mostly slightly higher in Asia and London and rose to as high as $1253.05 by about 9:30AM EST in New York before it fell back off a bit in choppy trade into the close, but it still ended with a gain of 0.43%. Silver climbed to a new 3 month high at as high as $19.66 before it also fell back off slightly in the last 4 hours of trade, but it still ended with a gain of 0.83%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 2 September, 2010
While the gold price was knocked back to $1,245 yesterday [in line with the London Fix of yesterday] today it climbed first in London, to be Fixed at $1,247.50] then early in New York. It was Fixed in London’s afternoon at $1,248.50. Again it is attacking resistance at $1,250 to $1,265. Full Story
THE PRICE OF GOLD rose back above $1250 an ounce for the second time this week – and the sixth time since May – on Thursday morning in London, as government bonds ticked lower together with energy prices. Full Story
Risk appetite increased yesterday as the first day of the new month saw equity buyers return and bond prices fall. Gold and silver prices fell marginally but remained near multi week highs and in gold's case very near the all time record high (nominally). European equity markets are a bit more tentative this morning and the pound and the dollar have come under selling pressure. Full Story
By: Chris Mullen, Gold-Seeker.com - 1 September, 2010
Gold climbed to a new 2 month high at $1254.74 a little after 8:30AM EST before it dropped back down to as low as $1242.15 by late morning in New York, but it then bounced back higher into the close and ended with a loss of just 0.15%. Silver climbed to as high as $19.48 and fell to as low as $19.22 before it also bounced back higher and ended with a loss of just 0.05%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 1 September, 2010
To our surprise Asia drove the gold price well into resistance at $1,250 up two dollars on New York’s close. This was evidence of the steady tide of demand from the east. There was little change on the $: € exchange rate but the Swiss Franc, the Pound Sterling and the Yen edged higher. This set the tone for London’s day where the Fix was set at $1,250. As New York’s opening approached the gold price rose again to the $1,254 level showing rising global physical demand. Full Story
THE SPOT PRICE OF physical gold bullion touched its highest level since late-June's record peak early in London on Wednesday, extending August's record-high monthly close as world stock markets rose together with commodities and government bond yields. Full Story
After yesterday's 1% rise, gold traded sideways in Asia but has risen again in early European trading as the dollar has fallen and oil risen after yesterday's sharp falls. Gold has risen in dollars, pounds , yen and Swiss francs which are all weaker today but is slightly weaker against the euro and commodity currencies. Gold was up 5.6% in August thereby regaining the 5% losses seen in July. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 August, 2010
Gold traded mostly slightly lower in Asia and London before it jumped higher in early New York trade and saw an over $10 gain at $1247.35 ahead of a slight dip midmorning, but it then advanced to new highs in the last few hours of trade and ended near its last minute high of $1249.75 with a gain of 0.86%. Full Story
THE PRICE OF GOLD held in a tight range as London re-opened after the Summer Bank Holiday on Tuesday, slipping $3 an ounce to $1235 as world stock markets fell again to near the end of August some 6% down on the month. Full Story
Concerns that the US economy is sliding back into recession has led to equities internationally coming under pressure and further flows into safe-haven assets. Gold and silver have consolidated from last week's gains and remain near closing levels from yesterday and last week. Full Story
By: Chris Mullen, Gold-Seeker.com - 30 August, 2010
Gold traded within a tight range of $1233.10 to $1238.18 and ended with a gain of 0.08%. Silver climbed to as high as $19.19 and fell to as low as $18.91 before it bounced back higher and ended unchanged on the day. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 30 August, 2010
The week started with gold holding the levels last Friday saw in New York at $1,235. It was Asia’s day as London enjoyed a sunny holiday. The issue of the day was the meeting of the Bank of Japan where they debated what to do about a Yen strong enough to damage Japanese exports. Full Story
Markets nervously await data this week including the important monthly jobs number which will likely again underline the risks of a double dip recession. While Asian shares advanced, European shares (London closed for a public holiday) have been more tentative this morning and the US futures are marginally positive. Full Story
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