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Weekly Archives
By: Chris Mullen, Gold-Seeker.com - 8 February, 2008
Gold climbed higher throughout most of world trade on Friday and ended just slightly off its intraday high of $920.15 with a gain 1.30% and just $8.70 away from setting a new record closing high. Silver rose to as high as $17.165 before it came back off a few cents in the last half hour of trade, but it still made a new 27 year closing high with a gain of 2.21%. Full Story |
By: GoldSeek.com - 8 February, 2008
COT Gold, Silver and US Dollar Index Report - February 8, 2008 Full Story |
By: Adrian Ash, BullionVault - 8 February, 2008
THE PRICE OF GOLD jumped almost 1% at the London opening on Friday, building on solid overnight trade to reach a one-week high of $916 per ounce as Asian stock markets sold off yet again and European equities held flat. Full Story |
By: Gold Investments - 8 February, 2008
Gold looks set to challenge last week’s $936.80 record high and once again confound the skeptics. Gold is surging in all major currencies as it seems likely that major Central banks are set to cut interest rates in order to prevent a global recession. Full Story |
By: Chintan Karnani, Insignia Consultants - 8 February, 2008
The European central bank has shifted its focus from inflation to growth after it acknowledged that the Eurozone will be affected by a slowdown in the US economy. Bank of England and Fed interest rate cuts will only prevent investors from investing in equities. Full Story |
By: Chris Mullen, Gold-Seeker.com - 7 February, 2008
Gold rose to $910.85 by late trade in Asia and early trade in London before it fell to $896.05 by about 9AM EST in New York, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.66%. Silver fell to $16.452 by about 9AM EST in New York, but it then rallied all the way to $16.825 in the next hour and a half of trade, remained near that high into the close, and ended with a gain of 1.39% and just 13 cents away from matching its 27 year closing high. Full Story |
By: Adrian Ash, BullionVault - 7 February, 2008
SPOT GOLD PRICES for immediate delivery rose steadily in Asia on Thursday, gaining 2.6% from yesterday's low vs. the Dollar and hitting a one-week high of €623 per ounce for Eurozone investors as the European Central Bank met to decide interest rates. Full Story |
By: Gold Investments - 7 February, 2008
Gold has strengthened materially despite the dollar also being strong which again shows that gold’s bull market is not simply a function of dollar weakness. Increasing risk aversion is the order of the day and this can be seen in gold being well bid in the high $890’s and in movements in currency markets (see FX). Full Story |
By: Chintan Karnani, Insignia Consultants - 7 February, 2008
Speculation that the Fed will cut interest rates even before the next meeting in March along with short covering and subsequent position rebuilding resulted in gold and silver rising sharply. Full Story |
By: Chris Mullen, Gold-Seeker.com - 6 February, 2008
Gold fell just slightly by late trade in Asia to $885.70, rose throughout trade in London and morning New York action, and climbed to as high $907.45 before it fell back near $900 in afternoon trade, but it still ended with a gain of 1.57%. Silver fell to $16.18 and rose to $16.63 before it also came back off a bit in the last couple of hours of trade, but it still ended with a gain of 1.23%. Full Story |
By: Adrian Ash, BullionVault - 6 February, 2008
THE PRICE of SPOT GOLD rose in London early on Wednesday, avoiding the harsh sell-off seen on Monday and Tuesday to bounce more than 1.2% from the overnight low of $886.50 as Asian stock markets sank for the third session running. Full Story |
By: Gold Investments - 6 February, 2008
Gold’s weakness has continued with the dollar strengthening and oil weakening; but the sharply weakening U.S. economy, strong inflationary pressures (wheat surged to new record highs yesterday) and negative real interest rates will create safe haven demand for gold. Full Story |
By: Chintan Karnani, Insignia Consultants - 6 February, 2008
The US economy is in deep trouble for the labor market, housing market and now the service sector, it certainly feels a recession has hit. Service sector ISM caught the market completely by surprise as it fell to the lowest level in seven years. Full Story |
By: Chris Mullen, Gold-Seeker.com - 5 February, 2008
Gold fell to as low as $884.45 by midmorning in New York before it rebounded back near $900 by early afternoon, but it the fell back off in the last 30 minutes of trade and ended back near its low with a loss of 2.02%. Silver fell to $16.255 before it rebounded back near $16.50, but it also fell back off in the last half hour of trade and ended with a loss of 2.51%. Full Story |
By: Adrian Ash, BullionVault - 5 February, 2008
THE PRICE OF PHYSICAL GOLD for immediate delivery sank at the start of London trade for the second day running on Tuesday, losing $14 per ounce to bounce off a two-week low of $888 as the US Dollar and Japanese Yen rose sharply on the currency market and world equities continued to tick lower from Monday's 1% drop on the S&P. Full Story |
By: Gold Investments - 5 February, 2008
Gold has continued to sell off today due to the dollar rallying (up nearly 1% to 1.468 against the euro, up 0.3% to 1.967 against sterling and up 0.9% to 76.02 on the US Dollar Index ) and oil further weakening (NYMEX March down by 0.95% to $89.20 per barrel). Equity markets latest dead cat bounce may already be be wilting and stock markets internationally have weakened following the weakness seen in US equity markets late yesterday. Full Story |
By: Chintan Karnani, Insignia Consultants - 5 February, 2008
It’s a technical trade in all metals and energies in the absence of major market moving news. Gold and silver will continue to find buyers at lower levels unless there is a short term technical breakdown. Some of the retail investors who are stuck at higher levels will average out at lower levels. Full Story |
By: Chris Mullen, Gold-Seeker.com - 4 February, 2008
Gold rose to over $910 in Asia before it fell back off in London and dropped to as low as $891.75 in midmorning New York trade, but it then rallied back higher into the close and ended with a gain of 0.01%. Silver dropped to as low as $16.38 before it also rebounded, but it still ended with a loss of 0.36%. Full Story |
By: Gold Investments - 4 February, 2008
With the dollar slightly weaker and oil weaker (NYMEX March down by 0.56%) gold has continued to sell off today. Stock markets have recovered somewhat from their recent battering and markets in Asia and Europe were up overnight and today. The primary reason for gold’s weakness remains that it had become overbought in the short term and was due a correction. In the same way the stock markets were oversold in the short term and due a correction. Full Story |
By: Adrian Ash, BullionVault - 4 February, 2008
SPOT GOLD PRICES sank at the start of London trade on Monday, adding to Friday's sharp losses and dropping $12 per ounce from an overnight rally in Asia to fall below $900 for the first time in seven sessions. Full Story |
By: Chintan Karnani, Insignia Consultants - 4 February, 2008
The Fed meeting is over; US January payrolls are over, interest rate factors are over. It will be a technical trade for the rest of the week. Full Story |
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