Gold continued yesterday’s dive and fell another $34.70 to as low as $1556.90 in early Asian trade, but it then climbed its way back higher for most of the rest of the day and ended with a gain of 0.19%. Silver slipped to as low as $27.948 by a little after 4AM EST before it also rallied back higher in London and New York and ended unchanged on the day. Full Story
Gold closed in New York at $1,591.60 and in London’s early morning fell to $1,558 before climbing back to $1,575 60. The Fixing in London today was set at $1,576.00 down $30 on yesterday’s p.m. Fix. In the euro it was set at €1,264.340 down €13 on yesterday’s p.m. Fix. Ahead of New York’s opening gold stood at $1,580.40 and in the euro, €1,266.14 while the euro was at €1: $1.2482. Full Story
WHOLESALE MARKET prices for gold bullion hit a low of $1561 an ounce during Friday's Asian session – 4.8% down on this week's high – while stocks and commodities also fell this morning and major government bond prices gained. Full Story
Gold fell $28 or 1.73% yesterday in New York and closed at $1,591.60/oz. Gold traded sideways prior to another 1% fall in Asia but has recovered somewhat in early European trading and has made gains in euros and Swiss francs particularly. Full Story
Gold fell $6.53 to $1613.07 at about 6:45AM EST before it rebounded to $1629.12 at about 8AM EST, but it then dropped to a new session low of $1579.00 following Bernanke’s testimony and ended with a loss of 1.73%. Silver rose to $29.699 in London, but it then slumped back to $28.40 in late morning New York trade and ended with a loss of 2.69%. Full Story
Gold closed in New York at $1,619.60 and in London’s early morning rose to $1,623. The Fixing in London today was set at $1,620.75 down $13 and in the euro at €1,288.66 down €17. Ahead of New York’s opening gold stood at $1,615.40 and in the euro, €1,284.71 while the euro was at €1: $1.2574. Full Story
WHOLESALE MARKET gold prices eased back from an earlier rally Thursday lunchtime in London, trading at $1623 per ounce as the Euro currency slipped from a 1-week high $1.26 after new data showed US jobless claims continuing to fall. Full Story
Gold rose 1% yesterday prior to giving up those gains and rising just $1.20 in New York and closed at $1,619.60/oz. Gold has been trading sideways in Asia and continues in Europe hovering above $1,620/oz. Full Story
Gold rose $22.40 to $1640.80 at about 8:30AM EST, but it then fell back off in early afternoon trade and ended with a gain of just 0.07%. Silver surged to as high as $29.895 before it also fell back off, but it still ended with a gain of 2.94%. Full Story
Gold closed in New York at $1,618.40 and in London’s early morning fell to $1,627.35. The Fixing in London today was set at $1,633.25 and in the euro at €1,305.451. Ahead of New York’s opening gold stood at $1,633.00 and in the euro, €1,307.03 while the euro was at €1: $1.2494. Full Story
U.S. DOLLAR gold prices climbed to a one-month high at $1640 an ounce ahead of Wednesday's US session – a gain of more than 7% from May's low – while stocks, commodities and the Euro also ticked higher and major government bond prices fell, with London markets open again after a two-day public holiday. Full Story
The ECB has left its benchmark refi rate at 1.0% as expected. The deposit rates remains at 0.25 pct and the marginal lending rate at 1.75 pct and are thus both unchanged. An ECB rate cut would have had a negligible impact on the Euro crisis as monetary policy transmission has broken down. It would have helped debtors and mortgage holders especially in struggling periphery nations. Full Story
Gold fell to $1612.72 in Asia before it rose to see a slight gain at $1622.36 at about 8:40AM EST and then fell to a new session low of $1612.65 in the next hour and a half of trade, but it then bounced back higher midday and ended with a loss of just 0.12%. Silver slipped to $28.101 in Asia, but it then rose to as high as $28.57 in New York and ended with a gain of 1.1%. Full Story
Gold closed in New York at $1,620.40 and in London’s early morning fell to $1,615.75. There is no Fixing in London today due to the Jubilee celebrations. Ahead of New York’s opening gold stood at $1,618.22 and in the euro, €1,301.55 while the euro was at €1: $1.2433. Full Story
Gold rose 3.85% or $60.10 in New York on Friday and closed at $1,622.20/oz. Gold fell fractionally in Asia but has gradually been ticking up in Europe (low $1,612 and high $1,623). Gold continues to consolidate above $1,600/oz after its 4% surge Friday on the appalling jobs number which led to a 3% gain for the week. Full Story
The rally in gold, silver, copper and crude oil has been aided by a weaker US dollar against the major currencies, particularly the euro. Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis today. They will just try and calm the markets, which implies further gains for the euro and gains for commodities. Full Story
Gold saw slight gains in Asia and waffled near unchanged in London before it fell $13.21 to as low as $1608.99 by late morning in New York, but in then bounced back higher in late trade and ended with a loss of just 0.11% Silver slipped to as low as $27.99 and ended with a loss of 0.74%. Full Story
Gold closed in New York at $1,622.2 up$60 and in London’s early morning fell to $1,618.35 as the week began. There is no Fixing in London today or tomorrow due to the Jubilee celebrations. Ahead of New York’s opening gold stood at $1,624.10 and in the euro, €1,305.86 while the euro was at €1: $1.2437. Full Story
The rise in gold prices on Friday makes me believe that it should rise to $5000 in the next five years. The key reason is that it is showing signs of a currency among central bankers. Before the advent of euro, most of the global central banks foreign exchange reserves were in US dollars. The US dollar reserves got reduced after the start of euro. Full Story
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