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Weekly Archives
By: GoldSeek.com - 4 April, 2008
COT Gold, Silver and US Dollar Index Report - April 4, 2008 Full Story |
By: Adrian Ash, BullionVault - 4 April, 2008
SPOT GOLD PRICES dipped, bounced and then fell back again from a four-day high early Friday on news that US job losses exceeded expectations last month. Full Story |
By: Peter A. Grant, USAGOLD - 4 April, 2008
Gold is maintaining a modestly positive short-term profile at the low end of the recent range as traders await the Mar payrolls number. With solid support below the market, downside potential is thought to be limited. However, position squaring ahead of the weekend may temper upside potential. Full Story |
By: Chris Mullen, Gold-Seeker.com - 3 April, 2008
Gold continued yesterday’s after hours rally to over $900 in Asia before it drifted back near unchanged in London and dropped to as low as $888.22 by a little after 10AM EST in New York, but it then shot higher and climbed to a new session high of $908.67 by about 11:30. The yellow metal then drifted roughly 1% higher for the remaining 2 hours of trade and ended with a gain of 1.1%. Silver fell to as low as $16.907 in early New York trade before it also jumped higher in late morning trade and ended near its high of $17.54 with a gain of 1.5%. Full Story |
By: Peter A. Grant, USAGOLD - 3 April, 2008
Gold has probed back above the $900 level after Fed Chairman Bernanke acknowledged the possibility of recession in testimony before the JEC on Wednesday. This theme was repeated in front of the Senate Banking Committee this morning. With oil consolidating and the dollar still somewhat supported, scope is seen for further base-building activity in the yellow metal before it ultimately resumes its uptrend. Full Story |
By: Adrian Ash, BullionVault - 3 April, 2008
THE SPOT PRICE OF GOLD gave back an overnight rally to $905 per ounce early in London on Thursday, slipping $10 per ounce as the US open drew near. Full Story |
By: Chintan Karnani, Insignia Consultants - 3 April, 2008
Bernanke does it again for commodities after he said that the U.S. economy may slip into recession, but said growth should pick up later this year as the impact of interest rate cuts and other emergency steps take root. Full Story |
By: Chris Mullen, Gold-Seeker.com - 2 April, 2008
Gold rose to $894.10 by late trade in Asia and early trade in London before it fell to as low as $880.90 by early trade in New York, but it then rallied higher for the rest of the day and ended at a new session high with a gain of 1.3%. Silver rose to $17.132 and fell to $16.687 before it also rallied back higher for the rest of trade and ended with a gain of 1.7%. Both metals have continued to rise about another 1% more in after hours access trade at the time of writing (4PM EST). Full Story |
By: Peter A. Grant, USAGOLD - 2 April, 2008
Gold has stabilized somewhat in the wake of Tuesday's drop below the $900 level, having found support within the 875.00/849.15 zone. Recent losses are attributed to deleveraging across a wide range of commodities and the dollar, as well as an improved appetite for equities. Full Story |
By: Adrian Ash, BullionVault - 2 April, 2008
THE PRICE OF GOLD rose steadily in European trade early Wednesday, adding more than 1% from last night's New York finish as Asian stock markets closed sharply higher. Full Story |
By: Gold Investments - 2 April, 2008
Continuing pullbacks in all the precious metals are almost certainly short term healthy corrections as the supply demand fundamentals remain extremely favourable (particularly to silver and gold) and pullbacks should be used as buying opportunities in order to protect against the coming recessions in the UK and U.S. which are not priced into the market as some more sanguine commentators would have us believe. Full Story |
By: Chintan Karnani, Insignia Consultants - 2 April, 2008
A bad beginning to a hopefully another good quarter for gold and silver while base metals are consolidating at the moment. Energy prices continue to show no signs of a sustained fall. The fall in gold and silver are a part and parcel of a long term bull run rally and long term investors need not worry over their investments. Full Story |
By: Chris Mullen, Gold-Seeker.com - 1 April, 2008
Gold steadily fell throughout most of world trade and dropped to as low as $872.60 by late morning in New York before it rebounded over $10 from that low in the last couple of hours of trade, but it still ended with a loss of 3.6%. Silver dropped to as low as $16.30 before it rebounded over 50 cents from that low, but it still ended with a loss of 2.1%. Full Story |
By: Peter A. Grant, USAGOLD - 1 April, 2008
Gold has slipped below the $900 level as soft economic data and further banking sector weakness has sparked another round of deleveraging. While a wide range of commodities are under pressure and the dollar is rebounding, technical support in the yellow metal at 888.35 down to 849.15 offers a formidable downside barrier. Full Story |
By: Adrian Ash, BullionVault - 1 April, 2008
THE SPOT PRICE of physical gold bullion sank to a two-month low of $889 at the start of London trade on Tuesday, taking the last fortnight's losses to more than 14% before recovering to $897 per ounce. Full Story |
By: Gold Investments - 1 April, 2008
Oil’s sharp fall to nearly $100 a barrel yesterday and further dollar strength today created selling pressure on gold and with many stop losses positions just under $905, gold swiftly fell to $895 per ounce. A close below $905 will be negative from a technical point of view for gold’s short term prospects and may result in the need for some more consolidation. Full Story |
By: Chintan Karnani, Insignia Consultants - 1 April, 2008
I am a bit skeptical of going long in all metals and energies for the medium term till key technical resistances are not broken. Buying is preferable with higher stop losses. If US March payrolls disappoint on Friday, all the negative sentiment will be converted into positives. Full Story |
By: Chris Mullen, Gold-Seeker.com - 31 March, 2008
Gold rose about 1% at as high as $940.75 by early trade in New York, but it then steadily sold off for the rest of the session and ended at about its low of the session with a loss of 1.55%. Silver saw nearly 30 cent gains at as high as $18.165 by early trade in New York, but it also sold off for most of the rest of trade and dropped to as low as $17.022 before it rebounded about 1% in the last hour of trade and ended with a loss of 3.75%. Full Story |
By: Peter A. Grant, USAGOLD - 31 March, 2008
Gold is consolidating at the lower end of Friday's range, awaiting US Treasury Secretary Paulson's comments on a major regulatory overhaul in response to the recent market turmoil at 10:00EDT today. With the dollar still near historic lows and oil within $5 of the all-time highs, downside potential in the yellow metal is thought to be limited. Full Story |
By: Adrian Ash, BullionVault - 31 March, 2008
THE SPOT PRICE of physical gold bullion gave back half of an early 0.8% gain in London on Monday morning, nearing the end of the first quarter almost 12% higher against the US Dollar. Full Story |
By: Gold Investments - 31 March, 2008
Gold has traded up in Asian and early trading in London this morning. Gold was down $18.20 to $930.60 per ounce in trading in New York on Friday while silver was down 61 cents to $17.78 per ounce (more on silver below). The London AM Gold Fix at 1030 GMT this morning was at $937.25, £472.17 €592.82 (from $944.50, £471.05 €598.28 on Friday). Full Story |
By: Chintan Karnani, Insignia Consultants - 31 March, 2008
Metals and energies have had a historical first quarter in 2008. 2008 returns are (A) Gold 11.64%, (B) Silver 21.17% (C) Crude oil 10.35% (D) Natural gas 29.55% (E) Copper 25.91% (F) Zinc -0.85% (G) Nickel 16.03% (H) Lead 11.98% (I) Aluminum 25.49%. Full Story |
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