Gold edged up to $1582.40 at about 4AM EST before it plummeted down to $1561.50 after this morning’s jobs report was released, but it then climbed to a new session high of $1583.26 in the next hour and a half of trade and ended with a gain of 0.03%. Silver slipped to as low as $28.341 before it also rallied back higher and ended near its midmorning high of $29.251 with a gain of 0.31%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 March, 2013
The gold eased slightly to $1,577.7 in New York, yesterday. In Asia and London it held steady before Fixing at $1,578 and in the euro at €1,206.00, while the euro was $1.3084. Gold then Fixed, in London, at $1,576.00 and in the euro at €1,204.184. Ahead of New York’s opening, gold was $1,578.30 and in the euro at €1,214.73. Full Story
U.S. DOLLAR gold bullion prices hovered near $1580 an ounce Friday morning, broadly in line with where it started the week, as stocks edged higher and the US Dollar weakened ahead of the publication of the latest US nonfarm payrolls and unemployment rate data. Full Story
Physical demand continues to be supportive of gold according to UBS. In their note today they say that physical demand prospects out of China remain positive in the weeks ahead. UBS said Asia remains a net buyer and although premiums on the Shanghai Gold Exchange have fallen, volumes remain elevated. Full Story
Gold saw slight gains in Asia, but it then drifted back lower in London and New York and ended near its early afternoon low of $1574.90 with a loss of 0.36%. Silver slipped to as low as $28.74 and ended with a loss of 0.65%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 7 March, 2013
The gold price rose to $1,583.40 in New York, yesterday, up $10. In Asia and London it held steady before Fixing at $1,580.50 and in the euro at €1,213.249, while the euro was $1.3027. The Bullion Banks were neither buyers nor sellers matching both sides in-house. Ahead of New York’s opening, gold was $1,581.40 and in the euro at €1,214.73. Full Story
WHOLESALE PRICES to buy gold held around $1580 per ounce on Thursday morning, trading in a tightening range as Asian and European stock markets crept higher after the Dow stock average recorded another all-time high in New York last night. Full Story
Gold dropped to $1567.40 at about 9:45AM EST before it rebounded to $1584.58 in the next hour of trade and then fell back to about unchanged by early afternoon in New York, but it then rallied back higher in the last few hours of trade and ended with a gain of 0.53%. Silver slipped to $28.54 before it jumped up to $29.067 and then also fell back off, but it still ended with a gain of 1.33%. Full Story
U.S. DOLLAR prices to buy gold hovered around $1575 per ounce Wednesday morning in London, in line with last week's close, as dealers in Asia reported an increase in demand for physical bullion, in contrast with exchange traded funds, which have continued to see selling, in what one analyst calls a "tug of war" between physical buying and ETF selling. Full Story
Gold edged higher in Asian and European trading today, supported by modest physical demand in Asia and from central banks. This continuing demand is creating expectations that prices will consolidate at current levels before moving higher again. Full Story
Gold climbed up to $1586.04 at about 8:30AM EST before it fell back to $1571.75 over the next five hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.08%. Silver surged to as high as $29.065 before it fell back to $28.513, but it still ended with a gain of 0.42%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 March, 2013
The gold price slipped back to $1,573.80 in New York, yesterday. In Asia it began to recover and rose over $1,580 and London it continued to rise before Fixing at $1,584.25 and in the euro at €1,214.822, while the euro was $1.30325 in the middle. Ahead of New York’s opening, gold was $1,583.30 and in the euro at €1,215.12. Full Story
U.S. DOLLAR gold prices climbed to $1584 an ounce Tuesday morning, 1.2% above last week's low, as stocks and commodities also edged higher and the Dollar weakened slightly after another Federal Reserve policymaker spoke in favor of ongoing quantitative easing. Full Story
February’s record sales followed record coin sales in January. Year-to-date silver sales for the U.S. Mint are 10.8 million ounces, which is over 10% higher than the next best period from 2011. The record sales in that period may have contributed to silver's surge to over $49/oz on the 28th of April 2011. Full Story
Gold climbed $9.30 to $1584.90 in early Asian trade, but it then chopped back lower in New York and ended near its late session low of $1569.44 with a loss of 0.11%. Silver slipped to as low as $28.425 and ended with a loss of 0.07%. Full Story
Recently the gold market has maintained a pattern of weakness in the face of up beat US economic data flows and that would seem to suggest that gold is indeed tracking safe haven issues. Perhaps gold was able to draft some support this morning from the residual influence of the US sequester at the end of last week, as that event has fostered some level of uncertainty. However, gold is forging the initial gains this morning in the face of adverse currency market action and in the face of definitive weakness in global mining shares. Full Story
THE SPOT gold price dropped to $1575 per ounce Monday morning in London, broadly in line with where it ended last week, while stocks ticked lower and the Euro held steady near two-month lows against the Dollar ahead of this Thursday's European Central Bank policy meeting. Full Story
Concerns about the global economy and the outlook for riskier assets have led to renewed physical buying interest in Asia, particularly in China. The increasingly popular gold forward contract on the Shanghai Gold Exchange stood at 320 yuan a gram by 0741 GMT according to Reuters, or $1,600/oz. This is a healthy premium of about $23 to spot gold. Full Story
There will be short covering in gold, silver, copper and crude oil before the ECB, BOE and BOJ central bank meetings as all are expected to continue with expansionary monetary policy. The surprise could be in the form of more quantitative easing by these central banks. We also have the US February private ADP numbers followed by US February nonfarm payrolls on Friday. 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.
