By: Chris Mullen, Gold-Seeker.com - 4 January, 2013
Gold fell all the way to $1625.87 by a little before 7AM EST, but it then rallied back higher throughout most of trade in New York and ended with a loss of just 0.49%. Silver slipped to as low as $29.22 in London, but it then rallied to as high as $30.25 in New York and ended with a gain of 0.2%. Full Story
WHOLESALE Gold Prices fell below $1630 per ounce Friday morning in London, their lowest level since last August and 3.3% below where they were 24 hours earlier, while stocks and commodities also fell and the Dollar gained after Federal Reserve minutes appeared to suggest some policymakers see a case for ending quantitative easing this year. Full Story
Gold fell a further 2% to a 4 and a 1/2 month low today after minutes from the U.S. FOMC meeting highlighted increasing concerns over its highly stimulative monetary policy, sending stock markets tumbling and boosting the dollar. Full Story
By: Chris Mullen, Gold-Seeker.com - 3 January, 2013
Gold saw slight gains in Asia, but it then fell to as low as $1660.72 after today’s FOMC minutes and ended with a loss of 1.2%. Silver slipped to as low as $29.972 and ended with a loss of 2.55%. Full Story
WHOLESALE gold bullion prices drifted lower to $1680 an ounce by the end of Thursday morning in London, having rallied to a two-week high yesterday following news of the deal to avert the so-called fiscal cliff in the US. Full Story
The far more substantial risk from the pending budget negotiations remains as does the appalling US national debt and unfunded liability situation – both of which offer long term support to gold and silver. The market lustily greeted the deal that U.S. Congress passed to raise taxes on the wealthy and spare the middle and lower income earners. Full Story
Safe haven demand as well as investment demand is supporting gold. Silver is being supported by expectations of better industrial demand as well as higher investment demand and looks headed for much more gains. Copper and crude oil have the best chance to test or break past 2012 highs. Full Story
By: Chris Mullen, Gold-Seeker.com - 2 January, 2013
Gold climbed to as high as $1694.72 by midmorning in New York before it fell back off a bit midday, but it still ended with a gain of 0.69%. Silver surged to as high as $31.48 and ended with a gain of 1.98%. Full Story
SPOT MARKET gold prices started the year by touching a two-week high above $1680 per ounce Wednesday morning, as European stock markets also gained following news of a deal in Washington to avoid the so-called fiscal cliff. Full Story
Some market participants and non gold experts tend to focus on the daily fluctuations and “noise” of the market and not see the “big picture” major change in the fundamental supply and demand situation in the gold markets. This is particularly due to investment demand from high net worth individuals, from hedge funds, from China, the rest of an increasingly wealthy Asia and of course creditor nation central banks. Macroeconomic, systemic, geopolitical and monetary risks have abated somewhat but remain and could intensify rapidly in 2013. Full Story
By: Chris Mullen, Gold-Seeker.com - 31 December, 2012
Gold climbed $11.56 to $1668.76 by a little before 4AM EST before it fell back to $1656.69 in London, but it then jumped to as high as $1679.90 in New York and ended with a gain of 0.96%. Silver slipped to $29.87 in London, but it then rose to as high as $30.46 in New York and ended with a gain of 0.97%. Full Story
WHOLESALE gold bullion prices touched their highest level since Christmas at $1669 an ounce during Monday morning's London session, before easing slightly towards lunchtime to record a 5.7% gain for 2012 at the final gold fix of the year. Silver failed to hold gains from Asian trading, falling back towards $30 an ounce. Full Story
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