Gold rose to a new all-time high of $1474.74 by a little after noon EST before it fell back off a bit into the close, but it still ended with a gain of 1.01%. Silver climbed to a new 31-year high of $40.613 in the last minutes of trade and ended with a gain of 2.71%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 8 April, 2011
Gold is galloping now, standing at Asia’s close at $1,464. Before the Fix it had moved up to $1,470 and the U.S. dollar against the euro stood at $1.4404. In the euro the gold price moved modestly from $1,018 yesterday to €1,020.62 this morning ahead of the Fix. The Fix came in at $1,470.50 and €1,020.97. Full Story
THE PRICE OF GOLD hit new all-time Dollar highs in London trade on Friday morning, with dealing desks pointing to two short-term drivers – Japan's huge monetary response to the recent earthquake disaster, and the US government's impending "shutdown" after lawmakers failed to agree a new budget ceiling. Full Story
Gold and silver reached new record all time and 31 year highs again yesterday and this morning – both nominal highs. Silver has surged to a new 31 year nominal high of $40.28/oz and may now target next resistance at $50/oz – the 1980 nominal high. Full Story
Gold rose to a new all-time high of $1464.75 by a little before 10AM EST before it fell back off into the close, but it still ended with a gain of 0.1%. Silver climbed to as high as $39.673 before it also fell back off in late trade, but it still ended with a gain of 0.48% and made a new 31-year closing high. Full Story
THE PRICE of gold investment bullion held near Wednesday's new all-time Dollar highs in London trade this morning, rising toward 3-week highs in Euro terms even as the European Central Bank made good on its promise to raise Eurozone base rates. Full Story
Gold’s two consecutive days of nominal record highs have seen some profit taking as oil is flat, the dollar is marginally higher and the euro has fallen. The ECB’s 0.25 % interest rate hike may lead to further profit taking today but rising interest rates in an increasingly inflationary environment will be positive for gold as it was from 1965 to 1981 (see charts below). Full Story
Gold rose $11.35 to a new all-time high of $1462.15 by midmorning in New York before it fell back off a bit in the last few hours of trade, but it still ended with a gain of 0.39%. Silver surged $0.643 to a new 31-year high of $39.743 before it also fell back off, but it still ended with a gain of 0.59%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 6 April, 2011
Gold is into new territory and looking robust today at $1,456 and in the euro €1,018.18. Be careful though, such statements can be misleading, for the dollar is weak at $1.43: $1 as a ¼% to ½% rise in the European Central Bank interest rate is due tomorrow. In the euro gold at €1.018 is still €47 from its high in that currency. If it does rise to that peak at the current exchange rate in the dollar gold will stand at $1,523. Full Story
The WHOLESALE PRICE of gold reached new record highs vs. the Dollar in London trade on Wednesday, breaching $1460 per ounce as world stock markets also pushed higher. Crude oil rose to new 30-month highs, while US and Eurozone government debt prices fell ahead of tomorrow's pre-announced European Central Bank rate hike. Full Story
In trading in London this morning, gold reached a new record nominal high ($1,459.07) and silver a new 31 year nominal high ($39.50) as investors bought the precious metals to hedge deepening sovereign debt risk (in the EU but also in the US with the threat of a federal budget shutdown), geopolitical risk and deepening inflation. Full Story
Gold saw decent gains in Asia before it dipped to under $1430 in London, but it then shot up to a new all-time high of $1453.89 in New York and ended with a gain of 1.31%. Silver dropped forty cents to $38.05 in London, but it then surged to a new 31-year high of $39.198 in New York and ended with a gain of 1.69%. Both metals are rising to new highs in after hours access trade as well. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 5 April, 2011
Overnight Asia lifted the gold price even more to $1,438. After London opened and the Fix was set at $1,434.50 and €1,011.24. Then gold dropped lower to traded lower at $1,431.30 and €1,010.13. Full Story
WHOLESALE PRICES to buy gold repeated yesterday's $10 range on Tuesday, briefly slipping in London beneath $1431 per ounce after the central bank in China – home to the world's No.2 consumer market – raised interest rates for the second time in 2011. Full Story
Gold and silver have consolidated after yesterday’s gains although gains have been made in the Japanese yen which has fallen due to a growing realisation that the nuclear disaster is far from over and will pose massive challenges to the Japanese economy and challenges to the global economy. Full Story
Gold climbed as much as $10.89 to $1438.69 by a little after 8AM EST before it fell back off in New York, but it still ended with a gain of 0.29% and closed just $5.80 from a new all-time closing high. Silver surged to a new 31-year high of $38.593 before it also fell back off a bit, but it still ended with a gain of 2.02%. Full Story
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 4 April, 2011
Overnight Asia lifted the gold price to $1,432. After London opened and the Fix was set at $1,432.50 and €1,008.16 gold traded higher $1,437.35 and €1,011.26 where it held through London’s morning. The euro held at $1.4212 where it had been in Asia before London’s opening. However, the feature of the day was the rising oil price at $118 for Brent Crude and $108 for West Texas. With little change in the Middle East over the weekend to the political situation there, the rising oil price appears to be due to either more speculation that the price is set to rise or genuine demand for oil rising globally. Full Story
THE PRICE OF GOLD rose Monday morning in London, nearing last week's high of $1439 per ounce as energy prices led a rise in commodity prices and silver bullion jumped more than 1.8% to fresh 31-year highs. Full Story
The positive momentum of gold and silver continue with both higher in European trade as oil prices have risen due to geopolitical tensions in oil rich nations and the euro has fallen on Eurozone debt concerns. 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.
